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NYSE:LNC, NYSE:HIG, NYSE:MTG were the Top Financial Movers as Reported by Penny Stock Pick Alert

Lincoln National Corporation (NYSE:LNC) was one of the top percentage and volume gainer

 



(EMAILWIRE.COM, October 30, 2009 ) Dallas, TX - Financial stocks rose during today’s trading session as investors bid companies that reported better-than-expected third-quarter earnings.

Lincoln National Corporation (NYSE:LNC) was one of the top percentage and volume gainer. The stock gained over 13.89% to $25.34 on a traded volume of 11.97 million shares. Lincoln National’s third-quarter profit–its first in a year – rose 3.3% on a gain from an asset sale. The life insurer and variable-annuity provider’s earnings topped Wall Street’s expectations. Lincoln National Corporation (LNC) is a holding company, which operates multiple insurance and investment management businesses through subsidiary companies.

Hartford Financial Services (NYSE:HIG) also rose 10.31% to $25.67 along with other financial movers. The Hartford Financial Services Group, Inc. (The Hartford) is an insurance and financial services company. It provides investment products, individual life, group life and group disability insurance products, and property and casualty insurance products in the United States.

MGIC Investment Corp. (NYSE:MTG) moved up 12.11% to $4.72 despite it was downgraded by Fitch Ratings after posting its ninth straight quarterly loss. MGIC Investment Corporation (MGIC) is a holding company and through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance in the United States.

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