Bank of America just raised its EUR/USD forecast
Lincoln National Corporation (NYSE:LNC) stock has reached a 52-week high, trading at $38.62, marking a significant milestone for the company’s shares. With a market capitalization of $6.58 billion and an attractive dividend yield of 4.69%, the company has maintained dividend payments for an impressive 55 consecutive years. According to InvestingPro analysis, the stock appears slightly undervalued at current levels. This peak reflects a substantial recovery, with the stock demonstrating a robust 48.71% increase over the past year. Trading at a modest P/E ratio of 2.06, investors have shown increased confidence in Lincoln National’s financial health and future prospects, contributing to the stock’s upward trajectory and its current standing at the top of its 52-week range. The company’s performance, particularly in the context of the broader market, underscores a period of strong growth and resilience. InvestingPro subscribers can access 13 additional exclusive insights and a comprehensive Pro Research Report for deeper analysis of LNC’s potential.
In other recent news, Lincoln National Corporation reported a successful fourth quarter in 2024, with earnings and revenue surpassing analyst expectations. The company reported adjusted operating earnings of $1.91 per share, outperforming the analyst consensus of $1.83. Revenue for the quarter reached $5.06 billion, exceeding estimates of $4.67 billion.
Net income available to common stockholders was reported at $1.7 billion, or $9.63 per diluted share. This figure includes $1.2 billion primarily due to changes in market risk benefits driven by higher interest rates, and $587 million related to fair value changes of an embedded derivative. The company’s Annuities segment reported a 14% YoY increase in operating income, reaching $303 million, while Group Protection more than doubled its operating income to $107 million.
These are part of recent developments at Lincoln National, which did not provide specific forward guidance in their release. However, the company’s estimated risk-based capital ratio exceeded 430% at year-end, indicating a robust capital position.
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