Lincoln Financial stock rallies after $9.4 billion reinsurance agreement [MarketWatch]
Lincoln National Corporation (LNC)
Last lincoln national corporation earnings: 2/5 04:15 pm
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Source: MarketWatch
Shares of Lincoln Financial Group rallied 4.0% in premarket trading Friday, after the insurer announced an agreement with Resolution Life subsidiary Security Life of Denver Insurance Co., to reinsure about $9.4 billion of executive benefit and universal life reserves. Lincoln said it expects proceeds of $1.2 billion from the deal, with $900 million of the proceeds earmarked for share repurchases to be completed by the end of the first quarter of 2022. "We are pleased to announce this transaction, which we expect to be highly accretive to EPS, expand ROE and maintain our overall high-quality business mix," said Lincoln Chief Executive Dennis Glass. The stock has run up 32.3% year to date through Thursday, while the SPDR S&P Insurance ETF has gained 14.4% and the S&P 500 has advanced 19.1%.
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News
- Lincoln National Corporation Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before June 24, 2024 to Discuss Your Rights - LNCPR Newswire
- Lincoln National Corporation Sued for Securities Law Violations - Contact Levi & Korsinsky Before June 24, 2024 to Discuss Your Rights - LNCAccesswire
- Lincoln National Corporation Sued for Securities Law Violations - Contact Levi & Korsinsky Before June 24, 2024 to Discuss Your Rights - LNCAccesswire
- LINCOLN NATIONAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Lincoln National Corporation - LNCGlobeNewswire
- Shareholders that lost money on Lincoln National Corporation(LNC) should contact Levi & Korsinsky about pending Class Action - LNCAccesswire
LNC
Earnings
- 5/2/24 - Miss
LNC
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 5/2/24 - Form 13F-HR
- LNC's page on the SEC website