BlackRock Amends Lincoln National Stake, Signals Continued Investment
Ticker: LNC-PD · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 59558
| Field | Detail |
|---|---|
| Company | Lincoln National Corp (LNC-PD) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Lincoln National stake, showing its latest position as of year-end 2023.**
AI Summary
BlackRock Inc. has filed an amendment to its Schedule 13G, indicating its ownership of Lincoln National Corporation's common stock as of December 31, 2023. This filing, an Amendment No. 14, updates BlackRock's previously reported stake in the life insurance company. For investors, this matters because BlackRock is a major institutional investor, and changes in its reported holdings can signal its long-term confidence (or lack thereof) in Lincoln National's future performance.
Why It Matters
This filing shows BlackRock's updated position in Lincoln National, providing transparency into a major institutional investor's holdings and potentially influencing other investors' perceptions of the stock.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a significant holder in Lincoln National, but this routine update doesn't provide new actionable insights beyond confirming their ongoing investment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Lincoln National Corporation (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- Amendment No: 14 (number) — the specific amendment number to the Schedule 13G filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No: 14, filed under Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a company with a Central Index Key (CIK) of 0001364742, located at 50 Hudson Yards, New York, NY.
What company's securities are being reported on in this filing?
The securities being reported on belong to Lincoln National Corporation, which has a CIK of 0000059558 and is classified under Life Insurance (SIC 6311).
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Lincoln National Corporation is 534187109.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding LINCOLN NATIONAL CORP (LNC-PD).