Lincoln National Corporation (LNC)

67.84
2.69 3.81
NYSE
Prev Close 70.53
Open 70.56
Day Low/High 67.63 / 70.61
52 Wk Low/High 44.59 / 77.57
Volume 1.63M
Exchange NYSE
Shares Outstanding 180.71B
Market Cap 12.90B
P/E Ratio 13.07
Div & Yield N.A. (N.A)

Together Again

I am short three old favorite life insurers. I have shorted starter positions in three old favorites: Lincoln National (LNC) at $48.98, MetLife (MET) at $50.15 and Prudential (PRU) at $87.51. The stocks could suffer if the yield on the 10-year U.S. ...

Reading This Fed Rotation

Reading This Fed Rotation

Keeping up with the insanity.

Failing Financials

They include the life insurers and discount brokers. Life insurers Prudential (PRU), Lincoln National (LNC), MetLife (MET) and others, objects of my recent disaffection (though, I proceeded to cover the shorts), are down again today after falling ye...

Jerk of the Week Award

And the award goes to my premature covering of Microsoft's shares. Navin R. Johnson (Steve Martin): The new phone book's here! The new phone book's here! Harry Hartounian (Jackie Mason): Boy, I wish I could get that excited about nothing. Navin R. J...

More Stock for the Jerk Store

Hindsight is 20/20. With the benefit of hindsight, I made a mistake in covering the life insurance stock shorts -- Prudential (PRU), Lincoln National (LNC), MetLife (MET) -- as well as my Danaher (DHR), Yahoo! (YHOO) and Grand Canyon Education (LOPE...

Stopped Out of Life Insurance Shorts

Discipline trumps conviction. I have stopped out my losses in the Prudential (PRU), MetLife (MET) and Lincoln National (LNC) shorts. They are all overvalued, but discipline trumps conviction at times.

Levels

Currently, only three out of 86 stocks that I have mentioned in my diary are eligible to buy. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the configuration of the apartment. Yo...

Lincoln National numbers raised at UBS

Life Insurers Are Down

I pressed my shorts in the sector this morning. Looks like the first day down in a while for the life insurers today. I pressed small during the morning on my shorts.

Short Book

Here it is. I am very light on the long side now. Here is my current short book (individual equities only): Berkshire Hathaway (BRK.B), McDonald's (MCD), Schwab (SCHW), Morgan Stanley (MS), Yahoo! (YHOO), Home Depot (HD), Lowe's (LOW), Grand Canyon ...

Levels

Currently, only two out of 85 stocks that I have mentioned in my diary are eligible to buy. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the configuration of the apartment. You'...

Lincoln National upgraded at Deutsche

Where Things Are Heading

Look for a dead-cat bounce in bond-equivalent stocks and for a correction in select financials. I expect a dead-cat bounce in bond-equivalent stocks (consumer staples, higher dividend yielders). I also anticipate certain sectors that have benefited ...

Early-Morning Market Look

Let's take a peek at overnight and early market action in a number of asset classes. Oh, somewhere in this favored land the sun is shining bright; The band is playing somewhere, and somewhere hearts are light, And somewhere men are laughing, and som...

Today's Trades

I've been busy today. Today's doings: I just added to my SPDR S&P 500 ETF Trust (SPY) short at $162.06. I am expanding my Prudential (PRU), MetLife (MET) and Lincoln National (LNC) shorts now. I added to my Monitise (MONI.L) and ProShares UltraShort...

Three Favorite Shorts

I have reshorted Prudential, Lincoln National and MetLife. Based on my view of market vulnerability and the prospects that the yield on the 10-year will move lower, I have reshorted Prudential (PRU) at $73.43, Lincoln National (LNC) at $37.25 and Me...

Four More Shorts Covered

Namely, Danaher, Lincoln National, MetLife and Prudential. More covers: I am also covering Danaher (DHR), Lincoln National (LNC), MetLife (MET) and Prudential (PRU) now.

Short Book

Here's a look. I remain short the following names: SPDR S&P 500 ETF Trust (SPY), iShares Russell 2000 Index Fund (IWM), PowerShares QQQ (QQQ), Berkshire Hathaway (BRK.B), Danaher (DHR), Fastenal (FAST), Morgan Stanley (MS), Goldman Sachs (GS), Linco...

Portfolio Review

Here's a look at my current positions (long and short). I am long ProShares UltraShort Russell2000 (TWM), Monitise (MONI.L), SPDR Gold Trust (GLD), Chimera (CIM) and Northwest Bancshares (NWBI). I am short Berkshire Hathaway (BRK.B), Danaher (DHR), ...

Overpriced

Life insurance and brokerage stocks remain among the most overpriced sectors to this analyst.

That Was the Week That Was

Let's review. My look back at the week's daily diary highlights borrows its title from a popular 1960s BBC comedy show hosted by David Frost. I began the week by keeping a close eye on the economy and summarized that data have been disappointing. Wh...

Color Me Surprised

I wasn't expecting the insurers to do so well considering the bad press that they are getting. I am surprised that the insurance sector is doing so well today (on a relative basis) considering this New York Times article.

Portfolio Review

Below is a list of my current long and short positions. I am currently long Chimera (CIM), Citigroup (C), Northwest Bancshares (NWBI), SPDR Gold Trust (GLD) and Monitise (MONI.L) And I am currently short SPDR S&P 500 ETF Trust (SPY), iShares Russell...

Trading Places

The life insurance sector is getting schmeissed. Life insurers, yesterday's object of disaffection, are getting schmeissed today.

Portfolio Review

Here is a list of my current long and short positions. I am currently long Chimera (CIM), Monitise (MONI.L), SPDR Gold Trust (GLD), Northwest Bancshares (NWBI) and Citigroup (C). And I am currently short SPDR S&P 500 ETF Trust (SPY), iShares Russell...

Shorting Old Favorites

Namely, life insurers Prudential, Lincoln National and MetLife. Believing as I do that the U.S. economy is decelerating and that the U.S. stock market is overpriced, I have taken small short positions in old favorites Prudential (PRU), Lincoln Natio...

That Was the Week That Was

Let's review. My look back at the week's daily diary highlights borrows its title from a popular 1960s BBC comedy show hosted by David Frost. Monday began with a song (or my version), "Mr. Market Keeps Singing a Happy Song," in which I summarized fu...

Cashing Out

I have sold out of many long-standing long positions. Today I have sold and eliminated long-standing long positions in the following names: Freeport-McMoRan Copper & Gold (FCX), eBay (EBAY), Disney (DIS), Colgate-Palmolive (CL), Chubb (CB), ExxonMob...

Selling Out

Price targets are being met all over the place. I am down to tag ends in Altisource Portfolio Solutions (ASPS), Altisource Asset Management (AAMC), Ocwen (OCN), Ford (F), General Motors (GM), Lincoln National (LNC), Prudential (PRU), MetLife (MET) a...