Lincoln National Corporation (LNC) Hits Fresh High: Is There Still Room to Run?

Company Performance - Lincoln National (LNC) shares have increased by 15.5% over the past month and reached a new 52-week high of $36.98 [1] - The stock has gained 36.6% since the beginning of the year, outperforming the Zacks Finance sector's 24.1% and the Zacks Insurance - Life Insurance industry's 29.7% [1] Earnings and Revenue - Lincoln National reported an EPS of $2.06 in its last earnings report on October 31, 2024, exceeding the consensus estimate of $1.64 [2] - For the current fiscal year, the company is expected to post earnings of $6.61 per share on revenues of $18.4 billion, reflecting a 26.63% change in EPS and a 14.78% change in revenues [3] - For the next fiscal year, earnings are projected to be $7.63 per share on revenues of $19.18 billion, indicating a year-over-year change of 15.55% and 4.26%, respectively [3] Valuation Metrics - Lincoln National has a Value Score of A, a Growth Score of D, and a Momentum Score of C, resulting in a VGM Score of B [6] - The stock trades at 5.6X current fiscal year EPS estimates, below the peer industry average of 11.2X, and at 6.7X trailing cash flow compared to the peer group's average of 11.5X [7] - The PEG ratio stands at 0.32, indicating that the company is not in the top echelon from a value perspective [7] Zacks Rank - Lincoln National holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, making it a suitable choice for investors [8] Industry Comparison - The Insurance - Life Insurance industry is performing well, with Lincoln National and Reinsurance Group of America (RGA) both showing strong fundamentals [11] - RGA has a Zacks Rank of 2 (Buy) and is expected to post earnings of $22.75 per share on revenues of $22.36 billion for the current fiscal year [10]