Lincoln Natl Corp Ind Stock Price, News & Analysis

Lincoln Financial Group (NYSE:LNC) has announced dividend declarations for its preferred stock. The board of directors has declared a semi-annual dividend of $1,156.25 per share on the 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, with holders receiving $46.25 per depositary share. Additionally, a quarterly dividend of $562.50 per share was declared on the 9.000% Non-Cumulative Preferred Stock, Series D, with holders receiving $0.5625 per depositary share. Both dividends will be payable on September 1, 2024, to shareholders of record as of August 15, 2024. The ex-dividend date is set for August 14, 2024.

Lincoln Financial Group (NYSE: LNC) reported its Q2 2024 results. Net income was $884 million, or $5.11 per diluted share, benefiting by $436 million from the sale of its wealth management business. Adjusted operating income was $319 million, or $1.84 per diluted share. Group Protection saw operating income of $130 million, up 19% YoY, and Annuities reported $297 million in operating income, a 10% increase YoY. Retirement Plan Services had an operating income of $40 million but down 15% YoY. Life Insurance faced an operating loss of $35 million, compared to $33 million in the prior-year quarter. Lincoln’s RBC ratio was above 420%.

Lincoln Financial Group has announced a partnership with Philadelphia Eagles star quarterback Jalen Hurts, focusing on promoting financial wellness through brand content and community engagement. This collaboration extends Lincoln's 20-year relationship with the Philadelphia Eagles, which includes naming rights to Lincoln Financial Field.

Hurts, known for his leadership on and off the field, launched the Jalen Hurts Foundation in 2024 to support underserved Philadelphia communities. The partnership will align with Lincoln Financial Foundation's mission of building stronger communities through financial wellness, youth education, and human services.

Both foundations will collaborate to support non-profit organizations that share their objectives, furthering their commitment to community outreach and philanthropic efforts in Philadelphia and other key cities.

Lincoln Financial Group (NYSE: LNC) has published its latest Market Intel Exchange report, detailing key market trends and insights. The analysis emphasizes investment considerations during election years, noting that the S&P 500's average return during election years since 1928 is 11.5%, slightly lower than the overall average. In 2023, stocks rose over 15% in the first half, with S&P 500 companies reporting strong earnings growth. The report stresses that the Federal Reserve's actions are based on economic data, not political events. Key economic indicators such as growth, inflation, consumer behavior, and labor market trends are tracked to anticipate the Fed's next moves. Lincoln Financial continues to serve as a trusted source for economic insights, leveraging its partnerships and expert team to assist financial professionals and clients.

Lincoln Financial Group (NYSE:LNC) announced that it will release its Q2 2024 financial results on August 1, 2024, at 6:00 a.m. Eastern Time. A conference call is scheduled for the same day at 8:00 a.m. Eastern Time. The earnings materials, including the Earnings Release, Earnings Supplement, and Statistical Supplement, will be accessible via the company's Investor Relations webpage. The conference call will be streamed live on Lincoln's website, with a replay available by 10:00 a.m. Eastern Time on August 1, 2024. Future earnings releases are scheduled for October 31, 2024 (Q3) and February 6, 2025 (Q4 and full year 2024).

Lincoln Financial Group (NYSE:LNC) has released its 2023 Corporate Social Responsibility (CSR) report, named 'The Power of Us.' The report spans activities from January 1 to December 31, 2023, and highlights Lincoln's efforts in financial protection, environmental sustainability, and social governance. Key achievements include $9 million in charitable donations benefiting over 1.5 million people, a 40% increase in volunteer hours, and the launch of a new employee development platform called myCareer. Lincoln also earned recognition as one of America's Most Responsible Companies and achieved significant reductions in greenhouse gas emissions. The company invested $3.9 billion in responsible investments designed to advance social and environmental benefits.

Lincoln Financial Group (NYSE: LNC) has announced that its board of directors has declared a quarterly cash dividend of $0.45 per share on the ’s common stock. This dividend will be payable on August 1, 2024, to shareholders of record as of the close of business on July 10, 2024.

Lincoln Financial Group (NYSE:LNC) has expanded its partnership with EvolutionIQ to enhance its disability insurance claims process using human-in-the-loop AI technology. This development aims to improve disability claims management, offer better guidance to claimants, and streamline processes. The AI technology analyzes claims data, providing timely insights to claims professionals, assisting claimants in their return-to-work journeys. The partnership, which began in early 2023, has shown success with long-term disability claims and has now been extended to short-term disability claims. Lincoln's Group Protection claimants reported a 91% satisfaction rate in 2023.

Lincoln Financial Group (NYSE: LNC) announced the launch of Lincoln Level Advantage 2SM, an enhanced version of its Lincoln Level Advantage indexed variable annuity. This new version introduces industry-first features, such as accounts tracking Capital Group active ETFs and the Secure Lock+SM feature. These innovations offer investors more growth opportunities, better protection, and greater control. The new ETF strategies include the Capital Group Growth ETF (CGGR) and Capital Group Global Growth Equity ETF (CGGO), both aimed at long-term capital growth. The Secure Lock+ feature allows investors to lock in gains, reset protection, and reallocate funds, addressing market volatility concerns and enhancing investor confidence. This launch comes amid increasing demand for RILA products, driven by inflation and retirement income concerns. Lincoln Level Advantage has been highly successful, with over $23 billion in lifetime sales since its inception in 2018.