Professional
Added to YB: 2024-04-15
Pitch date: 2024-04-11
LNC [bullish]
Lincoln National Corporation
+70.35%
current return
Author Info
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Company Info
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States.
Market Cap
$7.4B
Pitch Price
$26.45
Price Target
87.93 (+95%)
Dividend
4.59%
EV/EBITDA
9.37
P/E
6.53
EV/Sales
0.58
Sector
Insurance
Category
turnaround
Show full summary:
Miller Value Deep Value Select Strategy New Portfolio Holding: Lincoln National Corporation
LNC: Life insurer trading at 0.5x book, 4x normalized earnings (25% return per multiple expansion vs S&P 5%). New mgmt addressing Covid headwinds, divesting assets, cutting costs. Targeting $1B+ FCF with workplace segment and life tailwinds. Upside to 9.6x P/E, 1.2x book supports ~3x current price in 3-5yrs.
Read full article (2 min)