Chartwell Investments Remains Optimistic in Lincoln National (LNC) Despite Weak Q2 Results

Chartwell Investment Partners, an asset management company, released its second quarter 2022 investor letter. A copy of the same can be downloaded here. For the second quarter, Chartwell-managed accounts fell in line with their respective index benchmarks, however, the Chartwell Dividend Model outperformed by a significant margin versus its benchmark. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Chartwell Investment Partners mentioned Lincoln National Corporation (NYSE:LNC) and explained its insights for the company. Founded in 1905, Lincoln National Corporation (NYSE:LNC) is a Radnor, Pennsylvania-based insurance company with a $7.9 billion market capitalization. Lincoln National Corporation (NYSE:LNC) delivered a -31.60% return since the beginning of the year, while its 12-month returns are down by -30.77%. The stock closed at $46.69 per share on September 22, 2022.

Here is what Chartwell Investment Partners has to say about Lincoln National Corporation (NYSE:LNC) in its Q2 2022 investor letter:

“The three worst-performing stocks in the Dividend Equity accounts includes Lincoln National (NYSE:LNC, 1.9%), down 27.9%. Lincoln’s quarterly results were weak in both life insurance and annuity sales, but we remain positive on the stock given the company’s ongoing de-risking initiatives, leverage to higher rates, and discounted valuation.”

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Our calculations show that Lincoln National Corporation (NYSE:LNC) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Lincoln National Corporation (NYSE:LNC) was in 34 hedge fund portfolios at the end of the second quarter of 2022, compared to 25 funds in the previous quarter. Lincoln National Corporation (NYSE:LNC) delivered a 1.61% return in the past 3 months.

In August 2022, we also shared another hedge fund’s views on Lincoln National Corporation (NYSE:LNC) in 5 Best Blue Chip Dividend Stocks to Invest In. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

Disclosure: None. This article is originally published at Insider Monkey.