Latest posts by Diana Esparza (see all)
- Eye-Catching Stock to Track: The Travelers Companies Inc. (NYSE: TRV) - February 18, 2020
- Stock in the News: Lincoln National Corporation (NYSE: LNC) - February 18, 2020
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Shares of Lincoln National Corporation (NYSE: LNC) showed the bullish trend with a higher momentum of 0.75% to $59.65. The company traded total volume of 119.208K shares as contrast to its average volume of 1.53M shares. The company has a market value of $11.86B and about 200.28M shares outstanding.
Lincoln National Corporation (NYSE: LNC) reported a net loss for the third quarter of 2019 of $161.0M, or $(0.83) per diluted share available to common stockholders, compared to net income in the third quarter of 2018 of $490.0M, or $2.24 per diluted share available to common stockholders. Third-quarter adjusted loss from operations was $46.0M, or $(0.25) per diluted share available to common stockholders, compared to adjusted income from operations of $510.0M, or $2.34 per diluted share available to common stockholders, in the third quarter of 2018.
The current quarter’s adjusted operating results included net unfavorable notable items of approximately $403.0M, or $2.00 per share, related to the company’s annual review of DAC and reserve assumptions, and approximately $94.0M, or $0.47 per share, from underperformance in the alternative investment portfolio, largely driven by a write-down of a large private equity investment. The prior-year quarter included net unfavorable items of approximately $2.0M, or $0.01 per share, primarily related to the company’s annual review of DAC and reserve assumptions.
Unrealized Gains and Losses:
The company reported a net unrealized gain of $11.50B, pre-tax, on its available-for-sale securities at September 30, 2019. This compares to a net unrealized gain of $2.40B at September 30, 2018, with the year-over-year increase primarily driven by lower treasury rates.
The quarter’s average diluted share count of 201.60M was down 8% from the third quarter of 2018, the result of repurchasing 17.80M shares of stock at a cost of $1.10B since September 30, 2018.
The Company offered net profit margin of 4.90%. ROE was recorded as 4.90% while beta factor was 1.91. The stock, as of recent close, has shown the weekly downbeat performance of -0.60% which was maintained at 0.32% in this year.
Lincoln National Corporation, NYSE: LNC, LNC