Momentum Stock Watch: Lincoln National Corporation (LNC)

Company Profile:

Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (LNC) and its affiliates. The company had $256 billion in assets under management as of June 30, 2018. Lincoln Financial Group is a committed corporate citizen and was named one of the Forbes Best Employers for 2018, is a member of the Dow Jones Sustainability Index North America, and received a perfect score of 100 percent on the 2018 Corporate Equality Index. Lincoln National Corporation was founded in 1904 and is headquartered in Radnor, Pennsylvania.

Recent News:

The company reported net income for the second quarter of 2018 of $385 million, or $1.70 per diluted share available to common stockholders, compared to net income in the second quarter of 2017 of $411 million, or $1.81 per diluted share available to common stockholders.

The board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.33 per share on the corporation’s common stock. The dividend on the common stock will be payable November 1, 2018 to shareholders of record at the close of business on October 10, 2018.

Lincoln Financial Group (LNC) has expanded availability of Lincoln TermAccel Level Term insurance to clients up to age 60 and coverage amounts up to $1 million. Lincoln is now also offering a 10-year policy duration for TermAccel.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

LNC’s strengths can be seen in its better growth and better profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator, RSI stands at 58.53 with positive bias. We rate Lincoln National Corporation (LNC) a STRONG BUY.