Old National Bancorp Has Trimmed Its Holding in Lincoln Natl Ind (LNC) by $1.67 Million as Valuation Declined; Vf (VFC) Holder Alecta Pensionsforsakring Omsesidigt Lowered Its Holding by $88.20 Million as Share Value Declined

February 15, 2018 - By Linda Rogers

Alecta Pensionsforsakring Omsesidigt decreased its stake in Vf Corp (VFC) by 21.91% based on its latest 2017Q3 regulatory filing with the SEC. Alecta Pensionsforsakring Omsesidigt sold 1.40 million shares as the company’s stock declined 0.53% while stock markets rallied. The institutional investor held 4.99 million shares of the apparel company at the end of 2017Q3, valued at $317.28M, down from 6.39M at the end of the previous reported quarter. Alecta Pensionsforsakring Omsesidigt who had been investing in Vf Corp for a number of months, seems to be less bullish one the $33.07 billion market cap company. The stock increased 1.92% or $1.58 during the last trading session, reaching $83.69. About 2.91M shares traded or 18.65% up from the average. V.F. Corporation (NYSE:VFC) has declined 13.07% since February 15, 2017 and is downtrending. It has underperformed by 29.77% the S&P500.

Old National Bancorp decreased its stake in Lincoln Natl Corp Ind (LNC) by 60.24% based on its latest 2017Q3 regulatory filing with the SEC. Old National Bancorp sold 22,915 shares as the company’s stock declined 8.83% while stock markets rallied. The institutional investor held 15,123 shares of the life insurance company at the end of 2017Q3, valued at $1.11M, down from 38,038 at the end of the previous reported quarter. Old National Bancorp who had been investing in Lincoln Natl Corp Ind for a number of months, seems to be less bullish one the $16.86B market cap company. The stock increased 3.98% or $2.96 during the last trading session, reaching $77.3. About 1.97 million shares traded or 38.86% up from the average. Lincoln National Corporation (NYSE:LNC) has risen 47.27% since February 15, 2017 and is uptrending. It has outperformed by 30.57% the S&P500.

Old National Bancorp, which manages about $1.84 billion US Long portfolio, upped its stake in Valero Energy Corp New (NYSE:VLO) by 11,953 shares to 45,645 shares, valued at $3.51M in 2017Q3, according to the filing. It also increased its holding in Gilead Sciences Inc (NASDAQ:GILD) by 4,561 shares in the quarter, for a total of 32,092 shares, and has risen its stake in Select Sector Spdr Tr (XLV).

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.08, from 0.92 in 2017Q2. It turned negative, as 31 investors sold LNC shares while 232 reduced holdings. 53 funds opened positions while 169 raised stakes. 171.85 million shares or 0.51% less from 172.72 million shares in 2017Q2 were reported. Moreover, Chevy Chase Trust Inc has 0.06% invested in Lincoln National Corporation (NYSE:LNC) for 193,818 shares. Commonwealth Natl Bank Of Aus stated it has 54,965 shares. Lingohr Partner Asset Gmbh has invested 0.82% in Lincoln National Corporation (NYSE:LNC). Diversified owns 0.07% invested in Lincoln National Corporation (NYSE:LNC) for 12,804 shares. James Investment Inc holds 28,200 shares or 0.07% of its portfolio. Ims Capital holds 0.14% or 2,879 shares in its portfolio. Df Dent Incorporated reported 0.02% of its portfolio in Lincoln National Corporation (NYSE:LNC). Leuthold Grp Limited Liability Com has 0.56% invested in Lincoln National Corporation (NYSE:LNC). Wealthtrust Fairport Limited accumulated 66,759 shares. Geode Capital Mgmt Ltd Liability holds 0.06% in Lincoln National Corporation (NYSE:LNC) or 2.35 million shares. Massachusetts-based Numeric Investors Lc has invested 0.22% in Lincoln National Corporation (NYSE:LNC). Everence Capital stated it has 0.07% in Lincoln National Corporation (NYSE:LNC). Dowling And Yahnke Ltd Co has invested 0.03% in Lincoln National Corporation (NYSE:LNC). Bb&T Corporation holds 0.24% or 168,800 shares. Marble Harbor Investment Counsel Lc holds 7,150 shares.

Since February 2, 2018, it had 0 insider purchases, and 4 insider sales for $12.76 million activity. Buckingham Lisa sold $799,671 worth of Lincoln National Corporation (NYSE:LNC) on Friday, February 2. Another trade for 7,300 shares valued at $620,568 was made by Cooper Ellen on Friday, February 2. Shares for $8.67 million were sold by GLASS DENNIS R.

Among 15 analysts covering Lincoln National (NYSE:LNC), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. Lincoln National had 51 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, October 5. The firm earned “Hold” rating on Thursday, June 8 by Wells Fargo. The rating was maintained by Barclays Capital on Friday, August 11 with “Overweight”. Keefe Bruyette & Woods maintained it with “Hold” rating and $77.0 target in Friday, September 22 report. The firm earned “Hold” rating on Wednesday, August 2 by Wells Fargo. The firm earned “Overweight” rating on Tuesday, January 2 by JP Morgan. The stock of Lincoln National Corporation (NYSE:LNC) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, August 15. The stock of Lincoln National Corporation (NYSE:LNC) earned “Buy” rating by Sandler O’Neill on Friday, January 19. The stock of Lincoln National Corporation (NYSE:LNC) has “Buy” rating given on Monday, July 24 by RBC Capital Markets. The firm has “Mkt Perform” rating given on Wednesday, November 9 by FBR Capital.

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.15, from 0.93 in 2017Q2. It increased, as 42 investors sold VFC shares while 233 reduced holdings. 85 funds opened positions while 211 raised stakes. 395.35 million shares or 2.44% less from 405.25 million shares in 2017Q2 were reported. Bokf Na has 0.16% invested in V.F. Corporation (NYSE:VFC). San Francisco Sentry Group (Ca), California-based fund reported 1,359 shares. Thomaspartners Incorporated has invested 2.18% in V.F. Corporation (NYSE:VFC). Tompkins Corp has 990 shares for 0.01% of their portfolio. E&G Advisors Ltd Partnership invested in 0.14% or 4,700 shares. 250 are held by Smithfield. Tuttle Tactical Management Limited Liability stated it has 9,009 shares or 0.57% of all its holdings. Rampart Investment Management Communications Lc reported 3,899 shares. First Fin Corporation In has invested 0.1% in V.F. Corporation (NYSE:VFC). Moreover, Loudon Investment Mngmt Limited Liability has 2.33% invested in V.F. Corporation (NYSE:VFC). Woodley Farra Manion Management has 470,640 shares for 3.47% of their portfolio. Tradewinds Cap Mgmt Ltd Liability has invested 0% in V.F. Corporation (NYSE:VFC). Baystate Wealth Limited Com reported 40 shares stake. Boltwood Cap reported 0.68% of its portfolio in V.F. Corporation (NYSE:VFC). Vision Capital Mngmt reported 10,575 shares.

Among 28 analysts covering V.F. Corp (NYSE:VFC), 12 have Buy rating, 1 Sell and 15 Hold. Therefore 43% are positive. V.F. Corp has $96.0 highest and $5100 lowest target. $73.23’s average target is -12.50% below currents $83.69 stock price. V.F. Corp had 101 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, February 22 by Telsey Advisory Group. The stock of V.F. Corporation (NYSE:VFC) has “Neutral” rating given on Tuesday, January 12 by Sterne Agee CRT. The firm earned “Neutral” rating on Tuesday, January 3 by PiperJaffray. Barclays Capital initiated V.F. Corporation (NYSE:VFC) rating on Friday, February 2. Barclays Capital has “Buy” rating and $96.0 target. KeyBanc Capital Markets downgraded the shares of VFC in report on Monday, September 25 to “Sector Weight” rating. Citigroup maintained it with “Neutral” rating and $72 target in Wednesday, October 25 report. The firm has “Outperform” rating given on Tuesday, October 25 by Telsey Advisory Group. The stock of V.F. Corporation (NYSE:VFC) has “Hold” rating given on Monday, August 14 by Stifel Nicolaus. The firm has “Hold” rating given on Wednesday, August 12 by Piper Jaffray. Robert W. Baird maintained it with “Buy” rating and $70.0 target in Friday, September 15 report.

Alecta Pensionsforsakring Omsesidigt, which manages about $11.66 billion US Long portfolio, upped its stake in Ross Stores Inc (NASDAQ:ROST) by 200,000 shares to 4.60 million shares, valued at $297.02 million in 2017Q3, according to the filing. It also increased its holding in Henry Schein (NASDAQ:HSIC) by 2.81M shares in the quarter, for a total of 5.31 million shares, and has risen its stake in Analog Devices (NASDAQ:ADI).

Analysts await V.F. Corporation (NYSE:VFC) to report earnings on February, 16. They expect $1.01 EPS, up 4.12% or $0.04 from last year’s $0.97 per share. VFC’s profit will be $399.10 million for 20.72 P/E if the $1.01 EPS becomes a reality. After $1.23 actual EPS reported by V.F. Corporation for the previous quarter, Wall Street now forecasts -17.89% negative EPS growth.

Since August 18, 2017, it had 0 buys, and 6 sales for $33.77 million activity. Another trade for 110,943 shares valued at $7.06M was sold by WISEMAN ERIC C. 14,036 V.F. Corporation (NYSE:VFC) shares with value of $990,549 were sold by MEAGHER LAURA C. Roe Scott A. also sold $1.34M worth of V.F. Corporation (NYSE:VFC) on Thursday, October 26. The insider O’Meara Aidan sold $1.83 million. MCCOLLOUGH W ALAN sold 22,852 shares worth $1.44 million.

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