Viking Global Investors LP Has Lifted Stake in Lincoln Natl Corp Ind (LNC) by $159.45 Million as Market Valuation Declined

Lincoln National Corporation (NYSE:LNC) LogoInvestors sentiment increased to 0.91 in Q2 2018. Its up 0.14, from 0.77 in 2018Q1. It increased, as 46 investors sold LNC shares while 206 reduced holdings. 64 funds opened positions while 166 raised stakes. 170.25 million shares or 0.12% more from 170.05 million shares in 2018Q1 were reported. First Personal Services holds 0% or 15 shares in its portfolio. Deroy And Devereaux Private Inv Counsel has invested 0.24% in Lincoln National Corporation (NYSE:LNC). Ubs Asset Mgmt Americas Incorporated accumulated 1.29M shares. Moreover, Meiji Yasuda Life Ins Co has 0.1% invested in Lincoln National Corporation (NYSE:LNC). Td Asset owns 81,534 shares for 0.01% of their portfolio. Avalon Advsr Llc owns 141,822 shares or 0.26% of their US portfolio. Hightower Limited Liability Corporation reported 0.01% in Lincoln National Corporation (NYSE:LNC). Rmb Limited Company owns 8,730 shares. Franklin Resources Inc stated it has 0% in Lincoln National Corporation (NYSE:LNC). Commercial Bank Of The West owns 3,271 shares. Stearns Service Grp reported 3,577 shares. National Bank Of New York Mellon invested in 1.95M shares or 0.03% of the stock. Kbc Gp Nv reported 0.01% stake. Ameriprise Financial Inc holds 1.07M shares or 0.03% of its portfolio. Pitcairn Company reported 0.03% of its portfolio in Lincoln National Corporation (NYSE:LNC).

Viking Global Investors Lp increased its stake in Lincoln Natl Corp Ind (LNC) by 121.19% based on its latest 2018Q2 regulatory filing with the SEC. Viking Global Investors Lp bought 2.57M shares as the company’s stock declined 6.82% while stock markets rallied. The hedge fund held 4.69M shares of the life insurance company at the end of 2018Q2, valued at $292.18M, up from 2.12 million at the end of the previous reported quarter. Viking Global Investors Lp who had been investing in Lincoln Natl Corp Ind for a number of months, seems to be bullish on the $12.05B market cap company. The stock decreased 2.25% or $1.3 during the last trading session, reaching $56.4. About 2.28M shares traded or 32.28% up from the average. Lincoln National Corporation (NYSE:LNC) has declined 6.51% since December 8, 2017 and is downtrending. It has underperformed by 22.13% the S&P500.

Viking Global Investors Lp, which manages about $39.90B and $17.47 billion US Long portfolio, decreased its stake in Unitedhealth Group Inc (NYSE:UNH) by 259,601 shares to 1.19 million shares, valued at $291.00 million in 2018Q2, according to the filing. It also reduced its holding in Equifax Inc (NYSE:EFX) by 2.19M shares in the quarter, leaving it with 397,000 shares, and cut its stake in Encana Corp (NYSE:ECA).

More recent Lincoln National Corporation (NYSE:LNC) news were published by: Businesswire.com which released: “Lincoln Financial Group to Participate in the Goldman Sachs U.S. Financial Services Conference – Business Wire” on November 28, 2018. Also Businesswire.com published the news titled: “Lincoln Financial Group Launches Fixed Indexed Annuity to Help Boost Retirement Savings Through Immediate Six Percent Bonus – Business Wire” on November 19, 2018. Businesswire.com‘s news article titled: “Lincoln Financial Group Wins Industry Innovation Award for Online Tool That Speeds Up the Purchase of Life Insurance – Business Wire” with publication date: November 09, 2018 was also an interesting one.

Lincoln National Corporation (NYSE:LNC) Ratings Coverage

Among 9 analysts covering Lincoln National (NYSE:LNC), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Lincoln National had 11 analyst reports since July 9, 2018 according to SRatingsIntel. The firm has “Neutral” rating by UBS given on Monday, October 8. As per Wednesday, July 11, the company rating was maintained by Morgan Stanley. Bank of America maintained it with “Buy” rating and $75 target in Friday, November 2 report. The firm has “Equal-Weight” rating given on Tuesday, November 13 by Morgan Stanley. The firm earned “Outperform” rating on Monday, November 5 by Wood. On Monday, November 5 the stock rating was maintained by Deutsche Bank with “Buy”. Credit Suisse maintained it with “Neutral” rating and $68 target in Friday, August 17 report. The stock has “Overweight” rating by Barclays Capital on Monday, July 9. On Monday, July 16 the stock rating was maintained by FBR Capital with “Neutral”. The firm has “Neutral” rating by Goldman Sachs given on Monday, September 10.

Lincoln National Corporation (NYSE:LNC) Institutional Positions Chart

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