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Lincoln National (LNC) to Offer Fiduciary Investment Support
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Lincoln National Corporation (LNC - Free Report) recently announced that it would be offering Morningstar Investment Management LLC’s new flexible 3(38) fiduciary service to all its clients. This new offering would provide a new option for existing clients as well as new ones, who are looking for enhanced fiduciary support.
The company’s operations have undergone several changes in its business and product mix in order to shed noncore and lower profit generating businesses and concentrate more on Life products without long-term guarantees. This helped it deliver strong underwriting results over the last few years, which has been highly appreciated by the shareholders. Over the last one year, the stock has rallied 45%, outperforming the Zacks categorized Life Insurance industry’s gain of 32%
The new service will allow Lincoln National’s clients to select from a huge set of fiduciary coverage investments following Morningstar Investment Management’s asset-class rules. Per the deal, Morningstar Investment Management would take up the responsibility of selecting, monitoring and replacing investment options within the plan.
Fiduciary support has always been in high demand among the investors. Hence, the introduction of this new flexible 3(38) service is expected to strengthen Lincoln National’s commitment to its clients by providing a tailored lineup of funds to them and the employees. This new offering is expected to inspire new advisors or employers to opt for the company’s services as one unique feature of the plan is to facilitate employees to save for retirement. In this changing regulatory environment, helping plan sponsors to provide a retirement plan is expected to benefit both the parties.
Zacks Rank & Stocks to Consider
Lincoln National presently carries a Zacks Rank #3 (Hold).
Cigna’s earnings beat estimates in three of the last four quarters with an average positive surprise of 1.35%.
Old Republic International, delivered positive earnings surprises in two of the last four quarters with an average beat of 11.37%.
Torchmark surpassed expectations in all last four quarters with an average beat of 2.01%.
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Lincoln National (LNC) to Offer Fiduciary Investment Support
Lincoln National Corporation (LNC - Free Report) recently announced that it would be offering Morningstar Investment Management LLC’s new flexible 3(38) fiduciary service to all its clients. This new offering would provide a new option for existing clients as well as new ones, who are looking for enhanced fiduciary support.
The company’s operations have undergone several changes in its business and product mix in order to shed noncore and lower profit generating businesses and concentrate more on Life products without long-term guarantees. This helped it deliver strong underwriting results over the last few years, which has been highly appreciated by the shareholders. Over the last one year, the stock has rallied 45%, outperforming the Zacks categorized Life Insurance industry’s gain of 32%
The new service will allow Lincoln National’s clients to select from a huge set of fiduciary coverage investments following Morningstar Investment Management’s asset-class rules. Per the deal, Morningstar Investment Management would take up the responsibility of selecting, monitoring and replacing investment options within the plan.
Fiduciary support has always been in high demand among the investors. Hence, the introduction of this new flexible 3(38) service is expected to strengthen Lincoln National’s commitment to its clients by providing a tailored lineup of funds to them and the employees. This new offering is expected to inspire new advisors or employers to opt for the company’s services as one unique feature of the plan is to facilitate employees to save for retirement. In this changing regulatory environment, helping plan sponsors to provide a retirement plan is expected to benefit both the parties.
Zacks Rank & Stocks to Consider
Lincoln National presently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the finance sector include Cigna Corporation (CI - Free Report) , Old Republic International Corporation (ORI - Free Report) and Torchmark Corporation . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cigna’s earnings beat estimates in three of the last four quarters with an average positive surprise of 1.35%.
Old Republic International, delivered positive earnings surprises in two of the last four quarters with an average beat of 11.37%.
Torchmark surpassed expectations in all last four quarters with an average beat of 2.01%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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