LNC
Lincoln National Corporation NYSE Listed Mar 17, 1980$37.17
-0.59%
vs $37.39
Mkt Cap $7.1B
52w Low $31.69
36.2% of range
52w High $46.82
50d MA $35.93
200d MA $39.02
P/E (TTM)
6.4x
EV/EBITDA
2.1x
P/B
0.6x
Debt/Equity
0.6x
ROE
10.8%
P/FCF
-41.4x
RSI (14)
62.50
ATR (14)
$0.95
Beta
1.22
50d MA
$35.93
200d MA
$39.02
Avg Volume
1.9M
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities. The Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace. This segment offers individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and a range of plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders. The Group Protection segment offers group non-medical insurance products comprising short and long-term disability, statutory disability and paid family medical leave administration and absence management services, term life, dental, vision and accident, and critical illness benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is based in Radnor, Pennsylvania.
150 North Radnor-Chester Road · Radnor, PA 19087 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 7, 2026 | BMO | — | — | — | 37.62 | -7.0% | -4.5% | -0.4% | -2.9% | +0.9% | -2.9% | — |
| Feb 12, 2026 | AMC | 1.86 | 2.21 | +18.8% | 40.67 | -0.7% | +0.5% | +1.7% | +0.6% | -4.2% | -0.5% | — |
| Oct 30, 2025 | AMC | 1.84 | 2.04 | +10.9% | 40.69 | +0.6% | +3.2% | -3.3% | -0.7% | +1.1% | +0.1% | — |
| Jul 31, 2025 | AMC | 1.91 | 2.36 | +23.6% | 38.11 | -2.2% | -3.3% | +2.8% | +2.3% | +1.7% | -3.0% | — |
| May 8, 2025 | AMC | 1.54 | 1.60 | +3.9% | 33.37 | +0.2% | -0.1% | +4.9% | +1.4% | -2.8% | -1.1% | — |
| Feb 6, 2025 | AMC | 1.87 | 1.91 | +2.1% | 35.77 | -0.9% | +3.6% | +2.4% | +1.2% | +1.4% | +0.8% | — |
| Oct 31, 2024 | AMC | 1.64 | 2.06 | +25.6% | 34.75 | +1.3% | -3.5% | -1.8% | -0.4% | +12.4% | -4.3% | — |
| Aug 1, 2024 | AMC | 1.78 | 1.84 | +3.4% | 34.05 | -4.9% | -11.8% | -3.0% | +1.0% | -1.8% | +0.9% | — |
| May 2, 2024 | AMC | 1.10 | 1.37 | +24.5% | 26.93 | +2.0% | +4.3% | +3.1% | +0.6% | +0.5% | -0.1% | — |
| Feb 8, 2024 | AMC | 1.32 | 1.45 | +9.8% | 26.41 | +0.1% | -2.9% | +6.7% | -1.9% | +1.5% | +2.6% | — |
| Nov 1, 2023 | AMC | 1.76 | 0.23 | -86.9% | 21.44 | +4.0% | +7.8% | +6.2% | -3.1% | -3.3% | -2.0% | — |
| Aug 2, 2023 | AMC | 1.92 | 2.02 | +5.2% | 27.87 | +3.4% | +0.5% | -3.9% | +2.7% | -0.3% | -3.4% | — |
| May 9, 2023 | AMC | 1.49 | 1.52 | +2.0% | 20.97 | +1.8% | -3.9% | -1.0% | -4.2% | +2.5% | -1.0% | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 14 | BofA Securities | Maintains | Neutral → Neutral | — | $34.91 | $35.02 | +0.3% | +1.3% | +1.9% | -0.4% | +2.9% | +0.7% |
| Apr 13 | Mizuho | Maintains | Outperform → Outperform | — | $34.20 | $33.86 | -1.0% | +2.1% | +1.3% | +1.9% | -0.4% | +2.9% |
| Apr 10 | Wells Fargo | Maintains | Overweight → Overweight | — | $34.89 | $34.42 | -1.3% | -2.0% | +2.1% | +1.3% | +1.9% | -0.4% |
| Apr 9 | UBS | Maintains | Neutral → Neutral | — | $35.66 | $35.25 | -1.1% | -2.2% | -2.0% | +2.1% | +1.3% | +1.9% |
| Apr 8 | Barclays | Maintains | Equal Weight → Equal Weight | — | $34.93 | $36.46 | +4.4% | +2.1% | -2.2% | -2.0% | +2.1% | +1.3% |
| Mar 11 | Barclays | Maintains | Equal Weight → Equal Weight | — | $33.68 | $33.52 | -0.5% | -1.5% | -1.7% | +0.1% | +2.5% | +3.3% |
| Mar 9 | TD Cowen | Maintains | Hold → Hold | — | $34.04 | $33.05 | -2.9% | -0.1% | -0.9% | -1.5% | -1.7% | +0.1% |
| Mar 3 | Morgan Stanley | Maintains | Overweight → Overweight | — | $34.50 | $33.00 | -4.3% | -1.2% | +2.9% | +0.1% | -3.1% | -0.1% |
| Feb 25 | Wells Fargo | Upgrade | Equal Weight → Overweight | — | $35.63 | $36.63 | +2.8% | +1.1% | +2.4% | -7.0% | +0.6% | -1.2% |
| Feb 23 | Morgan Stanley | Maintains | Overweight → Overweight | — | $39.90 | $39.57 | -0.8% | -10.6% | -0.2% | +1.1% | +2.4% | -7.0% |
| Jan 13 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $41.88 | $41.99 | +0.3% | -1.6% | +1.4% | -0.6% | -1.5% | -2.8% |
| Dec 23 | Piper Sandler | Maintains | Neutral → Neutral | — | $46.14 | $46.16 | +0.0% | -0.8% | +0.5% | -0.6% | -0.7% | -1.1% |
| Dec 15 | Jefferies | Maintains | Buy → Buy | — | $45.06 | $46.31 | +2.8% | +0.3% | +0.2% | -0.1% | +1.3% | +0.8% |
| Nov 3 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $42.00 | $41.31 | -1.6% | -3.3% | -0.7% | +1.1% | +0.1% | +0.8% |
| Oct 31 | UBS | Maintains | Neutral → Neutral | — | $40.69 | $40.94 | +0.6% | +3.2% | -3.3% | -0.7% | +1.1% | +0.1% |
| Oct 9 | Evercore ISI | Maintains | In Line → In Line | — | $39.88 | $40.35 | +1.2% | +0.1% | -4.7% | +3.2% | +2.6% | -1.8% |
| Oct 9 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $39.88 | $40.35 | +1.2% | +0.1% | -4.7% | +3.2% | +2.6% | -1.8% |
| Oct 8 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $40.06 | $40.43 | +0.9% | -0.4% | +0.1% | -4.7% | +3.2% | +2.6% |
| Oct 8 | Barclays | Maintains | Equal Weight → Equal Weight | — | $40.06 | $40.43 | +0.9% | -0.4% | +0.1% | -4.7% | +3.2% | +2.6% |
| Oct 7 | Morgan Stanley | Maintains | Overweight → Overweight | — | $40.25 | $40.46 | +0.5% | -0.5% | -0.4% | +0.1% | -4.7% | +3.2% |
| Oct 7 | Piper Sandler | Maintains | Neutral → Neutral | — | $40.25 | $40.46 | +0.5% | -0.5% | -0.4% | +0.1% | -4.7% | +3.2% |
| Sep 19 | Morgan Stanley | Upgrade | Equal Weight → Overweight | — | $39.80 | $41.32 | +3.8% | +3.7% | -0.6% | -1.2% | +0.5% | -1.4% |
| Aug 18 | Morgan Stanley | Maintains | Equal Weight → Equal Weight | — | $40.57 | $40.27 | -0.7% | -0.9% | +1.0% | +0.7% | -0.6% | +3.2% |
| Aug 5 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $37.92 | $38.47 | +1.5% | +2.3% | +1.7% | -3.0% | -0.3% | +0.2% |
| Aug 4 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $36.87 | $37.43 | +1.5% | +2.8% | +2.3% | +1.7% | -3.0% | -0.3% |
| Jul 10 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $34.42 | $34.18 | -0.7% | -0.5% | -0.5% | +1.8% | -3.8% | +0.8% |
| Jul 9 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $34.98 | $35.30 | +0.9% | -1.6% | -0.5% | -0.5% | +1.8% | -3.8% |
| Jul 8 | JP Morgan | Maintains | Underweight → Underweight | — | $34.28 | $34.50 | +0.6% | +2.0% | -1.6% | -0.5% | -0.5% | +1.8% |
| May 19 | Morgan Stanley | Maintains | Equal Weight → Equal Weight | — | $34.42 | $34.00 | -1.2% | -0.4% | -1.0% | -3.9% | +0.2% | -0.9% |
| May 9 | Piper Sandler | Maintains | Neutral → Neutral | — | $33.37 | $33.43 | +0.2% | -0.1% | +4.9% | +1.4% | -2.8% | -1.1% |
| May 9 | Barclays | Maintains | Equal Weight → Equal Weight | — | $33.37 | $33.43 | +0.2% | -0.1% | +4.9% | +1.4% | -2.8% | -1.1% |
| Apr 10 | Morgan Stanley | Maintains | Equal Weight → Equal Weight | — | $33.01 | $31.22 | -5.4% | -9.8% | -0.9% | +1.6% | +0.9% | -0.7% |
| Apr 10 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $33.01 | $31.22 | -5.4% | -9.8% | -0.9% | +1.6% | +0.9% | -0.7% |
| Apr 9 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $28.95 | $30.13 | +4.1% | +14.0% | -9.8% | -0.9% | +1.6% | +0.9% |
| Apr 2 | UBS | Maintains | Neutral → Neutral | — | $36.01 | $35.29 | -2.0% | +3.5% | -10.5% | -10.1% | -0.3% | -3.1% |
| Feb 28 | Morgan Stanley | Maintains | Equal Weight → Equal Weight | — | $37.97 | $38.10 | +0.3% | +2.7% | -2.8% | -5.4% | +1.6% | -1.8% |
| Feb 19 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $38.95 | $38.95 | +0.0% | +0.3% | -0.8% | -3.1% | -0.4% | -0.2% |
| Feb 19 | Evercore ISI | Maintains | In Line → In Line | — | $38.95 | $38.95 | +0.0% | +0.3% | -0.8% | -3.1% | -0.4% | -0.2% |
| Feb 14 | Morgan Stanley | Maintains | Equal Weight → Equal Weight | — | $39.23 | $39.42 | +0.5% | -0.4% | -0.4% | +0.3% | -0.8% | -3.1% |
| Feb 12 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $38.38 | $38.31 | -0.2% | +1.4% | +0.8% | -0.4% | -0.4% | +0.3% |
| Feb 7 | Barclays | Maintains | Equal Weight → Equal Weight | — | $35.77 | $35.44 | -0.9% | +3.6% | +2.4% | +1.2% | +1.4% | +0.8% |
| Jan 14 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $30.76 | $30.86 | +0.3% | +2.4% | +3.7% | +0.2% | +1.3% | +0.4% |
| Jan 6 | Barclays | Maintains | Equal Weight → Equal Weight | — | $32.37 | $32.60 | +0.7% | -1.1% | -0.7% | -1.2% | -4.3% | +2.3% |
| Nov 27 | TD Cowen | Maintains | Hold → Hold | — | $35.36 | $35.55 | +0.5% | +0.3% | +0.3% | -0.9% | -0.9% | +0.0% |
| Oct 10 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $31.89 | $31.43 | -1.4% | -1.4% | +3.1% | +1.5% | +2.2% | +0.0% |
| Oct 8 | Barclays | Maintains | Equal Weight → Equal Weight | — | $31.12 | $31.18 | +0.2% | +0.8% | +1.6% | -1.4% | +3.1% | +1.5% |
| Oct 2 | Piper Sandler | Maintains | Neutral → Neutral | — | $30.90 | $30.85 | -0.2% | -0.9% | -0.5% | +4.5% | -2.3% | +0.8% |
| Aug 19 | Morgan Stanley | Maintains | Equal Weight → Equal Weight | — | $31.35 | $31.30 | -0.2% | -0.4% | -1.6% | +1.0% | -0.1% | +2.0% |
| Jul 11 | BofA Securities | Maintains | Neutral → Neutral | — | $31.48 | $31.70 | +0.7% | +1.5% | +0.8% | +1.9% | -0.0% | -0.1% |
| Jul 2 | JP Morgan | Maintains | Underweight → Underweight | — | $31.32 | $31.25 | -0.2% | +0.2% | +0.4% | -2.0% | -0.4% | +0.1% |
| Date | Insider | Title | Type | Shares | Price | Value | Owned After | D1% | D5% |
|---|---|---|---|---|---|---|---|---|---|
| Jun 5, 2026 | Beazer CraigT T | EVP & General Counsel | Sell | 30,000 | $34.45 | $1.0M | 103,906 | +0.94% | +0.72% |
| Jun 1, 2026 | Woodroffe Sean | EVP, Ch Ppl Comms Ent Srvc Off | Sell | 25,000 | $34.75 | $869K | 130,189 | +1.52% | +2.35% |
8-K · 5.02
!!! Very High
Unknown — 8-K 5.02: Executive Change
Lincoln National's executive change could signal management shifts affecting operational direction and investor confidence, so shareholders should monitor whether this replacement strengthens or weakens leadership quality and strategic execution.
Apr 16
8-K
Unknown — 8-K Filing
Bank of America and Lincoln National face tightened covenant obligations under amended credit agreements, increasing refinancing risk if financial metrics deteriorate or operational issues arise.
Mar 31
S-4
!!! Very High
Lincoln National Corp. -- Merger Registration
Lincoln National Corp. secured a $500 million financing facility enabling it to issue notes to Trust I in exchange for Treasury security strips, providing liquidity flexibility.
Feb 20
8-K · 7.01
! Medium
Lincoln National Corp. -- 8-K 7.01: Regulation FD Disclosure
Lincoln National Corporation disclosed its fourth quarter 2025 earnings supplement presentation, providing investors with detailed financial and operational metrics ahead of its earnings conference call.
Feb 12
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|---|---|---|---|---|---|
| 1 | Vanguard Portfolio Management Llc | 10,409,654 | $370M | New | Mar 2026 |
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| 14 | Algebris (Uk) Ltd | 1,361,885 | $48M | Added | Mar 2026 |
| 15 | Millennium Management | 1,198,141 | $43M | Added | Mar 2026 |
| 16 | Aqr Capital Management Llc | 927,439 | $32M | Reduced | Mar 2026 |
| 17 | First Eagle Investment Management, Llc | 856,620 | $30M | Added | Mar 2026 |
| 18 | Citadel Advisors Llc | 769,829 | $27M | Added | Mar 2026 |
| 19 | Advisors Capital Management, Llc | 573,705 | $26M | Added | Dec 2025 |
| 20 | Wells Fargo & Company/mn | 708,814 | $25M | New | Mar 2026 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$7.11B
Enterprise Value
$3.28B
P/E (TTM)
6.36x
Forward P/E
4.83x
PEG Ratio
-0.10x
P/B
0.62x
P/S
0.38x
P/FCF
-41.41x
EV/EBITDA
2.10x
Shares Out
186.1M
Financials (TTM)
Revenue
$18.21B
Net Income
$1.18B
EBITDA
$1.56B
Free Cash Flow
-$167.0M
Op Cash Flow
-$167.0M
EPS Basic
$5.95
EPS Diluted
$5.84
EPS Forward
$7.70
Gross Margin
57.3%
Op Margin
7.3%
Net Margin
6.5%
Balance Sheet
Total Assets
$417.20B
Total Liab.
$406.30B
Total Equity
$10.91B
Cash
$9.50B
LT Debt
$5.87B
Book Value/Sh
$59.70
Debt/Equity
0.57x
Current Ratio
0.00
Quick Ratio
0.00
Returns & Growth
ROE
10.8%
ROA
0.3%
ROIC
0.3%
Rev Growth YoY
+1.2%
EPS Growth YoY
-68.1%
Price Returns
2W
+2.1%
1M
-6.7%
3M
+2.9%
6M
-14.2%
12M
+6.5%
Technicals
52W High
$46.82
52W Low
$31.69
50d MA
$35.93
200d MA
$39.02
RSI (14)
62.50
ATR (14)
$0.95
Beta
1.22
Avg Volume
1.9M
Dividends
Div Rate
$2.28
Div Yield
6.1%
Frequency
4
Ex-Div Date
Apr 10, 2026
Analyst Price Targets
Consensus
$43.50
High
$48.00
Low
$37.00
Median
$44.50
Data updated apr 25, 2026 7:29pm
· Source: financialmodelingprep.com