State Street Corp Updates Passive Stake in Lincoln National
Ticker: LNC-PD · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 59558
| Field | Detail |
|---|---|
| Company | Lincoln National Corp (LNC-PD) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Lincoln National stock, showing continued institutional interest.**
AI Summary
State Street Corporation, a major financial institution, filed an amended Schedule 13G/A on January 22, 2024, indicating its ownership of Lincoln National Corp's common stock as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued significant, but passive, investment in Lincoln National. This matters to investors because State Street is a large institutional holder, and their continued presence suggests a level of confidence in Lincoln National's long-term prospects, even if their exact stake isn't detailed in this excerpt.
Why It Matters
This filing confirms State Street's ongoing institutional investment in Lincoln National, signaling a continued vote of confidence from a major financial player.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor, indicating a passive stake and not suggesting any immediate risk or major change.
Analyst Insight
Investors should note that a major institutional investor like State Street continues to hold a passive stake, which can be a sign of long-term stability, but this filing alone doesn't indicate any new buying or selling activity.
Key Numbers
- 534187109 — CUSIP Number (identifies Lincoln National Corp's common stock)
- 005-08253 — SEC File Number (identifies Lincoln National Corp's registration with the SEC)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Lincoln National Corp (company) — the subject company whose securities are being reported
- 0000093751-24-000024 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — date of event requiring the filing
- January 22, 2024 (date) — date the filing was made
Forward-Looking Statements
- State Street Corporation will maintain a significant, passive stake in Lincoln National Corp for the foreseeable future. (State Street Corporation) — medium confidence, target: 2025-12-31
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment to a Schedule 13G, indicating that State Street Corporation is updating its disclosure regarding its passive ownership of Lincoln National Corp's common stock as of December 31, 2023, under Rule 13D-1(b).
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is State Street Corporation, identified by IRS Identification No. 04-2456637 and organized in Boston, Massachusetts.
What is the 'Subject Company' of this filing?
The 'Subject Company' is Lincoln National Corp, identified by CIK 0000059558, with its business address at 150 N Radnor Chester Rd, Radnor, PA.
What type of securities are being reported in this filing?
The securities being reported are 'COMMON STOCK' of Lincoln National Corp, identified by CUSIP Number 534187109.
When was the event that required this filing?
The 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT' was December 31, 2023, and the filing itself was made on January 22, 2024.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding LINCOLN NATIONAL CORP (LNC-PD).