Why These 15 Insurance Stocks Are Skyrocketing So Far In 2025

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6. Lincoln National Corp (NYSE:LNC)

Number of Hedge Fund Holders In Q4 2024: 41

Lincoln National Corp (NYSE:LNC) is a Fortune 200 holding company that operates in the insurance and investment management sectors.

The stock is up significantly so far in 2025 due to a solid Q4 2024 report. Lincoln reported fourth-quarter net income of $1.7 billion ($9.63 per diluted share), driven by a $1.2 billion pre-tax gain from market risk benefits due to rising interest rates and a $587 million gain from changes in the fair value of derivatives related to its Fortitude Re reinsurance transaction.

Moreover, adjusted operating income was $332 million and beat consensus estimates. Group Protection and Annuities segments performed exceptionally well, with record sales and earnings growth. Annuities saw a 14% increase in operating income and the highest sales since 2019.

Risk-based capital ratio exceeded 430%, so the financial health looks quite strong as well. Plus, Lincoln declared high-yield dividends on its preferred stock: a semi-annual dividend of $1,156.25 per share for Series C (9.25% yield) and a quarterly dividend of $562.50 per share for Series D (9.00% yield).

The consensus price target of $37.1 implies 1.19% downside.

LNC is up 20.14% year-to-date.

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