Lincoln National

Lincoln National's stock climbed to a 52-week high of $46.83 and is up about 27.3% year-on-year. Q2 results: adjusted earnings of $2.24 per share beat estimates, while revenue of $4.54 billion fell short of forecasts. The stock trades at a P/E of 3.94; several analysts raised estimates and BofA increased its price target to $47 but kept its rating at "Neutral." » Mere på de.investing.com

Lincoln National shares jumped about 7% in premarket trading after the company reported adjusted EPS of $2.24 for Q2 (consensus ~ $2.00) and operating income rose 3% to $439 million. At the same time Lincoln announced a $5.8 billion reinsurance agreement with Talcott Financial that cedes roughly 37% of the remaining statutory reserves from guaranteed universal life policies and about $500 million of financing receivables. The transaction has a regulatory capital impact of roughly $200 million and is being viewed as a move to strengthen the capital base that could allow the resumption of share buybacks. Revenue of $4.54 billion missed estimates but was largely overlooked by the market given the strong results and the strategic importance of the deal. » Mere på de.investing.com

Lincoln National Corporation said it entered an underwriting agreement to issue $500 million of debt, with proceeds earmarked for corporate purposes and potential repurchase of preferred shares. The announcement coincided with a 5% share drop on June 24; LNC is up 16.6% over the past year but down 11.7% year-to-date. UBS raised its price target to $39 with a Neutral rating, while Morgan Stanley lowered its target to $40 but kept an Overweight rating. The article notes an opinion that certain AI stocks may offer higher upside and lower downside risk than LNC. » Mere på finance.yahoo.com

Options trading volume in Lincoln National rose to 2,601 contracts by 2:40 p.m. New York time on Friday, including 971 calls and 1,630 puts. A put with a 35 strike and June 18, 2026 expiry dominated, accounting for 1,031 contracts; the open interest for that strike was 3,174 contracts (as of Thursday). Lincoln National’s stock gained 1.72% to $37.23. » Mere på de.investing.com

Lincoln National reported adjusted operating income up 16% to $326 million in Q1, marking its seventh straight year-over-year increase driven by underwriting improvements, spread income and restructuring efforts. GAAP results showed a net loss of $211 million, primarily from negative movement in market risk benefits amid lower equity markets, while management said hedges performed as expected. Annuities shifted toward spread-based products (64% of sales) and fixed indexed annuity sales rose sharply; Group Protection, Life Insurance and Retirement Plan Services all posted stronger operating income. The company said capital remains above targets, with leverage at its long-term 25% goal and holding company liquidity around $1.2 billion including prefunding. » Mere på finance.yahoo.com