Lincoln National: Despite Progress On Capital, Patience Is Required (Rating Upgrade)
Lincoln(LNC) Seeking Alpha·2024-08-14 19:09
ALFSnaiper/iStock Editorial via Getty Images Shares of Lincoln National (NYSE:LNC) have been a reasonable performer over the past year, though shares have seen meaningful volatility, including a roughly 10% fall since reporting Q2 earnings, as management reiterated that increased capital returns are several years away. Lincoln is an insurer I have been cautious on, rating it as a "sell" in both September and March. During this time, it has performed broadly in-line with the market while underperforming othe ...