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Lincoln (LNC) to Fuel Small-Cap Investment With LVIP Channing
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Lincoln National Corporation (LNC - Free Report) recently announced a major step in advancing small-cap investment opportunities for clients. LNC strengthened the partnership with Channing Capital Management, LLC, by enhancing the availability of its minority-managed mutual fund, LVIP Channing Small Cap Value Fund for investors.
Lincoln National has made the aforementioned mutual fund accessible as a standalone investment within its annuity product suites, namely Lincoln ChoicePlusSM and Investor Advantage®. The move is expected to offer investors a platform to invest in small-cap companies’ stocks. These companies are incorporated in the Russell 2000 ® Value Index, a small-cap stock market index.
The move will likely enable investors to leverage Channing Capital’s small-cap value strategy, which can churn out somewhat predictable risk-adjusted returns. Unlike large companies, small-cap companies offer massive upside growth potential in general, which also carries higher risk. LNC expects Channing Capital’s investment strategy to protect the investors from the downside while delivering significant gains.
Increasing the availability of the minority-managed mutual fund is in line with Lincoln National’s strategy of new product introduction and enhancement of existing ones, which enables it to maintain a healthy business mix. Expanding investment options and index strategies position Lincoln National well to witness sales growth.
The latest move from Lincoln National follows its non-profit investment partnership with The American Council of Life Insurers, for the affordable housing investment initiative, 360 Community Capital. The nonprofit investment partnership is expected to usher capital from the life insurance market to affordable housing in underserved communities.
Price Performance
Lincoln National’s shares have plunged 29.5% in the past year compared with a 12.6% fall in the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Lincoln National currently has a Zacks Rank #4 (Sell).
Headquartered in Omaha, NE, Berkshire Hathaway is a holding company, which owns more than 90 subsidiaries in insurance, railroads, utilities, manufacturing services, retail and home building. The Zacks Consensus Estimate for Berkshire Hathaway’s 2022 bottom line indicates 5.3% year-over-year growth.
Based in Bloomfield, CT, Cigna is a leading health service company in the United States. The Zacks Consensus Estimate for Cigna’s 2022 earnings indicates 12.2% year-over-year growth.
New York-based Paramount Group works as a fully-integrated real estate investment trust. The Zacks Consensus Estimate for PGRE’s 2022 bottom line indicates 4.4% year-over-year growth. Paramount Group beat earnings estimates in each of the past four quarters, with an average surprise of 6.7%.
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Lincoln (LNC) to Fuel Small-Cap Investment With LVIP Channing
Lincoln National Corporation (LNC - Free Report) recently announced a major step in advancing small-cap investment opportunities for clients. LNC strengthened the partnership with Channing Capital Management, LLC, by enhancing the availability of its minority-managed mutual fund, LVIP Channing Small Cap Value Fund for investors.
Lincoln National has made the aforementioned mutual fund accessible as a standalone investment within its annuity product suites, namely Lincoln ChoicePlusSM and Investor Advantage®. The move is expected to offer investors a platform to invest in small-cap companies’ stocks. These companies are incorporated in the Russell 2000 ® Value Index, a small-cap stock market index.
The move will likely enable investors to leverage Channing Capital’s small-cap value strategy, which can churn out somewhat predictable risk-adjusted returns. Unlike large companies, small-cap companies offer massive upside growth potential in general, which also carries higher risk. LNC expects Channing Capital’s investment strategy to protect the investors from the downside while delivering significant gains.
Increasing the availability of the minority-managed mutual fund is in line with Lincoln National’s strategy of new product introduction and enhancement of existing ones, which enables it to maintain a healthy business mix. Expanding investment options and index strategies position Lincoln National well to witness sales growth.
The latest move from Lincoln National follows its non-profit investment partnership with The American Council of Life Insurers, for the affordable housing investment initiative, 360 Community Capital. The nonprofit investment partnership is expected to usher capital from the life insurance market to affordable housing in underserved communities.
Price Performance
Lincoln National’s shares have plunged 29.5% in the past year compared with a 12.6% fall in the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Lincoln National currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader finance space are Berkshire Hathaway Inc. (BRK.B - Free Report) , Cigna Corporation (CI - Free Report) and Paramount Group, Inc. (PGRE - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Headquartered in Omaha, NE, Berkshire Hathaway is a holding company, which owns more than 90 subsidiaries in insurance, railroads, utilities, manufacturing services, retail and home building. The Zacks Consensus Estimate for Berkshire Hathaway’s 2022 bottom line indicates 5.3% year-over-year growth.
Based in Bloomfield, CT, Cigna is a leading health service company in the United States. The Zacks Consensus Estimate for Cigna’s 2022 earnings indicates 12.2% year-over-year growth.
New York-based Paramount Group works as a fully-integrated real estate investment trust. The Zacks Consensus Estimate for PGRE’s 2022 bottom line indicates 4.4% year-over-year growth. Paramount Group beat earnings estimates in each of the past four quarters, with an average surprise of 6.7%.