Lincoln Natl Corp Ind Stock Price, News & Analysis

Lincoln Financial Group (NYSE: LNC) announced an increase in its securities repurchase authorization to $1.5 billion. This allows for ongoing share repurchases and debt reduction, aligning with previously discussed reinsurance plans. The repurchase program has no expiration and will depend on key capital ratios and free cash flow. Share repurchases may occur through open market purchases or private transactions, and the program could be modified or halted at any time. This move aims to enhance shareholder value and financial flexibility.

Lincoln Financial Network has appointed Jerry Lezynski as Vice President of Marketing. With over 30 years in the industry, he will enhance omni-channel marketing strategies for financial professionals. David Berkowitz, president of LFN, emphasized LFN's commitment to supporting financial practices. Lezynski brings extensive experience from SEI Investments, specializing in product marketing and digital-first strategies. Lincoln Financial Group, parent company of LFN and traded under the ticker LNC, offers a range of financial services to affluent clients in the U.S.

Lincoln Financial Group (NYSE: LNC) reported a Q3 2021 net income of $318 million, or $1.68 EPS, down from $398 million or $2.01 EPS in Q3 2020. Adjusted operating EPS was $1.62, impacted by notable items including pandemic-related claims. The company returned $279 million to shareholders, including $200 million in share repurchases. Book value per share rose 2% to $113.77. The board approved a quarterly dividend increase to $0.45, payable February 1, 2022. Notable segments showed increased revenues, with annuity sales up 7% to $2.7 billion.

Lincoln Financial Group (NYSE: LNC) has appointed Shantanu Mishra as its new Corporate Treasurer, effective immediately. Mishra has over 20 years of experience and has been with the company since 2010, contributing significantly to liquidity management and banking relationships. Randy Freitag, CFO, expressed confidence in Mishra's ability to further enhance the company's financial strategies. Lincoln Financial serves over 17 million customers and reported $311 billion in account values as of March 31, 2021.

Lincoln Financial Group (NYSE: LNC) has promoted Talbert Thomas to senior vice president of IT Strategy, Operations and Finance. In this role, he will oversee IT strategy, finance, and operations, while advancing the company's digital capabilities. Notably, Lincoln received an Impact Award from Novarica for a digital initiative that generated $50 million in net benefits within 24 months. This continued focus on technology aims to enhance customer experience and meet evolving needs.

Lincoln Financial Group reports a significant shift in employee attitudes towards financial wellness in their recent 2021 Retirement Power® study. Nearly 80% of U.S. workers are reevaluating their financial priorities, with 69% of retirement plan participants intending to save more. As financial anxiety rises, 72% express interest in guaranteed income products. Employers can play a crucial role by offering financial resources, which 86% of users report positively impacts their financial health.

Lincoln Financial Group (NYSE: LNC) has released new research indicating that 26% of Hispanic consumers feel motivated about financial planning. Despite this motivation, 73% prioritize immediate expenses over long-term financial goals. Key findings include 39% aiming to save for emergencies and 67% reassessing their financial future due to the COVID-19 pandemic. Experts recommend setting savings goals, prioritizing financial planning, and consulting professionals to improve financial outcomes. Lincoln Financial aims to support Hispanics with tools and education for better financial security.

Lincoln Financial Group (NYSE:LNC) released its 2020 Corporate Social Responsibility (CSR) report, showcasing significant contributions to employee and community well-being amid COVID-19 and social justice challenges. Key highlights include over $10 million in donations to local nonprofits, aiding 1.5 million people in food insecurity, and launching Community Connections for critical resources. The company also developed an action plan for racial equity and scored 100% on the Corporate Equality Index. Lincoln continues to prioritize community support and sustainability initiatives amidst evolving challenges.