Viking Global Investors LP Has Upped Position in Lincoln Natl Ind (LNC) by $90.24 Million as Share Price Declined; Scripps Networks Interact Incl Com (SNI) Market Valuation Were Volatile While Groesbeck Investment Management Has Trimmed Holding by $3.51 Million

April 25, 2018 - By Marie Mckinney

Andreas Halvorsen increased its stake in Lincoln Natl Corp Ind (LNC) by 119.26% based on its latest 2017Q4 regulatory filing with the SEC. Viking Global Investors Lp bought 1.19 million shares as the company’s stock declined 7.45% with the market. The hedge fund run by Andreas Halvorsen held 2.18 million shares of the life insurance company at the end of 2017Q4, valued at $167.80M, up from 995,600 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 $15.75B market cap company. The stock decreased 0.29% or $0.21 during the last trading session, reaching $72.01. About 1.17 million shares traded. Lincoln National Corporation (NYSE:LNC) has risen 13.38% since April 25, 2017 and is uptrending. It has outperformed by 1.83% the S&P500.

Groesbeck Investment Management Corp decreased its stake in Scripps Networks Interact Incl Com (SNI) by 91.99% based on its latest 2017Q4 regulatory filing with the SEC. Groesbeck Investment Management Corp sold 41,334 shares as the company’s stock 0.00% . The institutional investor held 3,600 shares of the consumer services company at the end of 2017Q4, valued at $307,000, down from 44,934 at the end of the previous reported quarter. Groesbeck Investment Management Corp who had been investing in Scripps Networks Interact Incl Com for a number of months, seems to be less bullish one the $11.71 billion market cap company. The stock decreased 0.07% or $0.06 during the last trading session, reaching $90.04. About 11.13 million shares traded or 517.89% up from the average. Scripps Networks Interactive, Inc. (NYSE:SNI) has 0.00% since April 25, 2017 and is . It has underperformed by 11.55% the S&P500.

Viking Global Investors Lp, which manages about $39.90B and $16.26B US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 2.60M shares to 7.62 million shares, valued at $869.26 million in 2017Q4, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 1.23M shares in the quarter, leaving it with 8.85M shares, and cut its stake in Deciphera Pharmaceuticals In.

Among 17 analysts covering Lincoln National (NYSE:LNC), 9 have Buy rating, 1 Sell and 7 Hold. Therefore 53% are positive. Lincoln National had 56 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Lincoln National Corporation (NYSE:LNC) earned “Buy” rating by RBC Capital Markets on Thursday, February 1. The company was maintained on Friday, January 19 by Sandler O’Neill. RBC Capital Markets maintained it with “Buy” rating and $7700 target in Monday, July 24 report. The firm has “Buy” rating given on Thursday, January 26 by Citigroup. As per Monday, November 13, the company rating was maintained by Morgan Stanley. Keefe Bruyette & Woods maintained Lincoln National Corporation (NYSE:LNC) on Tuesday, August 15 with “Hold” rating. The stock of Lincoln National Corporation (NYSE:LNC) has “Market Perform” rating given on Friday, September 23 by Wells Fargo. The stock of Lincoln National Corporation (NYSE:LNC) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, December 14. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. Morgan Stanley maintained the shares of LNC in report on Thursday, November 2 with “Equal-Weight” rating.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.12, from 0.84 in 2017Q3. It improved, as 35 investors sold LNC shares while 213 reduced holdings. 61 funds opened positions while 176 raised stakes. 170.09 million shares or 1.02% less from 171.85 million shares in 2017Q3 were reported. Royal State Bank Of Canada has 311,518 shares. New Mexico Educational Retirement Board accumulated 21,313 shares or 0.06% of the stock. Massachusetts Fincl Serv Ma holds 708,255 shares or 0.02% of its portfolio. Patten Gp holds 1,000 shares or 0.03% of its portfolio. 396 were accumulated by Ftb Advisors. Counselors holds 0.01% or 3,448 shares in its portfolio. Pinnacle Finance Partners reported 19,255 shares stake. Stevens Capital Mngmt LP owns 150,975 shares or 0.45% of their US portfolio. 539,608 were accumulated by Teachers Retirement Systems Of The State Of Kentucky. Lingohr Partner Asset Management Gmbh owns 20,582 shares or 0.83% of their US portfolio. The Japan-based Norinchukin Financial Bank The has invested 0.03% in Lincoln National Corporation (NYSE:LNC). Wealthfront invested 0.01% in Lincoln National Corporation (NYSE:LNC). Twin Capital Management holds 198,932 shares. Massmutual Fsb Adv, Connecticut-based fund reported 555 shares. Regent Invest Mngmt Limited Liability Corporation holds 0.2% in Lincoln National Corporation (NYSE:LNC) or 8,000 shares.

Since February 2, 2018, it had 0 buys, and 7 insider sales for $14.98 million activity. $2.67 million worth of Lincoln National Corporation (NYSE:LNC) was sold by Freitag Randal J. GLASS DENNIS R also sold $8.67M worth of Lincoln National Corporation (NYSE:LNC) shares. $620,568 worth of Lincoln National Corporation (NYSE:LNC) was sold by Cooper Ellen on Friday, February 2. $147,244 worth of Lincoln National Corporation (NYSE:LNC) was sold by Solon Kenneth S. on Wednesday, February 21.

Since March 1, 2018, it had 0 insider purchases, and 4 insider sales for $12.48 million activity. Another trade for 125,128 shares valued at $11.23M was made by HICKOK LORI A on Thursday, March 1. The insider Parham Richelle P sold 2,236 shares worth $201,278. $527,983 worth of Scripps Networks Interactive, Inc. (NASDAQ:SNI) was sold by TYSOE RONALD W.

Groesbeck Investment Management Corp, which manages about $250.00 million and $142.41M US Long portfolio, upped its stake in Macys Inc Com Com (NYSE:M) by 36,500 shares to 169,000 shares, valued at $4.26 million in 2017Q4, according to the filing. It also increased its holding in Lam Resh Corp Com Com (NASDAQ:LRCX) by 2,806 shares in the quarter, for a total of 15,606 shares, and has risen its stake in Alibaba Group Hldg Ltd Sponsor Com (NYSE:BABA).

Among 19 analysts covering Scripps Networks (NYSE:SNI), 4 have Buy rating, 2 Sell and 13 Hold. Therefore 21% are positive. Scripps Networks had 52 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by M Partners with “Neutral” on Friday, May 6. Cowen & Co maintained it with “Hold” rating and $7500 target in Friday, July 7 report. RBC Capital Markets maintained Scripps Networks Interactive, Inc. (NASDAQ:SNI) rating on Thursday, August 17. RBC Capital Markets has “Outperform” rating and $90 target. The rating was downgraded by TheStreet to “Buy” on Tuesday, September 1. Citigroup maintained Scripps Networks Interactive, Inc. (NASDAQ:SNI) rating on Friday, August 14. Citigroup has “Neutral” rating and $65 target. The stock has “Underperform” rating by Bank of America on Thursday, October 27. The stock of Scripps Networks Interactive, Inc. (NASDAQ:SNI) has “Hold” rating given on Friday, July 7 by RBC Capital Markets. Citigroup maintained the stock with “Neutral” rating in Monday, August 24 report. On Wednesday, September 6 the stock rating was maintained by Cowen & Co with “Hold”. The rating was maintained by Needham with “Hold” on Wednesday, October 11.

By1 Marie Mckinney