shares of lincoln national corp slid more than 30 and hit a new 52week low on thursday after the financialservices company posted a 26 billion quarterly loss amid reserve and goodwill impairment charges the radnor pa company said it logged 2 billion in losses related to its companys annual assumptions review primarily due to policyholder lapsation behavior in its guaranteed universal life insurance block the company said the charge corresponds to an estimated 550 million statutory capital impact equating to a 22point decline in its riskbased capital ratio lincoln also booked a 634 million goodwill impairment related to its lifeinsurance business in a research note analysts at jp morgan said that even without the charges lincolns quarterly profits still missed wall streets expectations and its business trends were weak the firm said it expects the decline in statutory capital to severely constrain lincolns capital flexibility in the intermediate term and that the companys nearterm results will be weak jp morgan which cut its price target on lincoln shares to 55 from 68 also noted that a deterioration in macro conditions could heighten concerns about capital adequacy meanwhile sp global ratings lowered its credit ratings on lincoln and its units saying the companys competitive rankings and operating performance have slipped lincoln said it is confident that it has ample capital to effectively operate its business as it replenishes its statutory capital back to its targeted level lincoln shares were recently changing hands at 3638 down 302 after touching a 52week low of 3556 earlier in the session