City of Illinois Retirement Fund Acquires Lincoln National Corporation
In a recent filing with the Securities and Exchange Commission, the Illinois Municipal Retirement Fund revealed it had acquired 8,464 shares of Lincoln National Corporation (NYSE:LNC). This stake is said to be worth around $260,000. The move comes after Lincoln recently reported its fourth quarter 2020 earnings.
Lincoln National Corporation is one of America’s leading financial services providers. Through several subsidiaries, the holding company offers a variety of insurance and retirement products to its customers. Segments operated by Lincoln include annuities, retirement plan services, life insurance, group insurance and other operations.
Lincoln National did not meet analyst expectations on its last earnings report, but is confident in its ability to help people manage their finances effectively. We provide advice and solutions to help individuals gain confidence and optimism in control of their financial lives.
What does this recent move by the Illinois Municipal Retirement Fund say about the future of LNC? Only time will tell. However, there is one possible telltale sign in analyst forecasts for LNC’s current fiscal year. Despite falling short in the fourth quarter of 2020, a sell-side analyst expects Lincoln National to record 8.41 EPS for the entire fiscal year. This demonstrates continued confidence among investors looking to future growth opportunities.
Overall, the addition of Lincoln National to the holdings of the Illinois Municipal Retirement Fund during this uncertain time may come as a surprise to some, but ultimately, the LNC is a comprehensive It speaks to how confident investors are about LNC’s future performance potential as it continues to provide financial services. Solutions for customers across America.
The Changing Landscape of Institutional Investors: What It Means for Lincoln National Corporation
Lincoln National Corporation, a holding company that specializes in insurance and retirement businesses through its subsidiaries, has recently seen a shift in the institutional investor landscape. Achmea Investment Management BV, Ronald Blue Trust Inc., Boyd Watterson Asset Management LLC OH, Byrne Asset Management LLC and Parkside Financial Bank & Trust all changed their holdings. Institutional holdings currently hold 78% of the equity, but these recent changes offer insight into some of the moves within this group, which could have broader implications across the broader market. I have.
Valued at approximately $30,000 since the beginning of the year, Achmea’s new shares speak to Lincoln National’s long-term strategy to remain tenacious and robust through turbulent times while achieving returns for investors. Similarly, his 134.2% funding in the fourth quarter of Ronald Blue Trust gives reason to believe that certain investors see value in this financial services his provider.
Interestingly, the company also operates several different segments, including annuities, retirement plan services, life insurance, group insurance, and other businesses, providing diversified revenue streams for the company itself, as well as It has potentially great diversification potential from an investment point of view.
In addition, LNC’s share price is currently at $21.19, sitting between the high of $65.24 and the low of $19.74 over the past year.
Although it remains unclear how these different pieces fit together given the recent shifts in which significant holders have changed positions or acquired new holders outright. , awaiting new developments or further moves from Lincoln National itself, is certainly worth following, and any major shareholder may move closer or further away from this stock.