Lincoln National (LNC)
NYSE:LNC
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LNC Stock Chart & Stats
$36.89
-$0.69(-2.17%)
At close: 4:00 PM EST
$36.89
-$0.69(-2.17%)
Day’s Range― - ―
52-Week Range$31.69 - $46.82
Previous CloseN/A
Volume432.94K
Average Volume (3M)1.83M
Market Cap
$7.13B
Enterprise Value$5.77B
Total Cash (Recent Filing)$7.34B
Total Debt (Recent Filing)$6.37B
Price to Earnings (P/E)4.2
Beta1.02
Next Earnings
Jul 30, 2026EPS Estimate
2.03Next Dividend Ex-DateN/A
Dividend Yield3.93%
Share Statistics
EPS (TTM)9.03
Shares Outstanding191,213,200
10 Day Avg. Volume1,592,852
30 Day Avg. Volume1,831,199
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)0.75
Price to Sales (P/S)0.45
P/FCF Ratio-48.71
Enterprise Value/Market Cap0.81
Enterprise Value/Revenue0.31
Enterprise Value/Gross Profit0.89
Enterprise Value/Ebitda2.53
Forecast
1Y Price Target
$43.80Price Target Upside18.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)7.67
Revenue Forecast (FY)$19.59B
Bulls Say, Bears Say
Bulls Say
Strong Capital And Liquidity PositionRegulatory capital well above buffer, targeted leverage at long‑term levels and meaningful holding‑company liquidity materially reduce solvency and funding risk. This durability supports underwriting capacity, hedging of guarantees, and gives management flexibility for strategic investments or shareholder returns over multiple quarters.
Rebalanced Annuity Mix With Growing Spread ProductsA structural shift toward spread‑based annuities, RILAs and fixed products increases predictable fee and spread income versus equity‑linked guarantees. Over time a higher mix of spread products should stabilize net investment spread earnings and reduce sensitivity to equity market swings, supporting more durable operating results.
High Alternative Investment Returns And Program TargetConsistently strong alternative returns can materially boost net investment income and diversify asset return drivers versus traditional fixed income. If sustained, this incremental, repeatable yield enhances spread economics on long‑duration liabilities and provides a durable cushion to underwriting margins and reserve funding.
Bears Say
Inconsistent Operating Cash Flow GenerationVolatile and historically negative operating cash flows reduce predictability of free cash for dividends, repurchases or strategic investments. For insurers, persistent cash volatility complicates asset‑liability management, may force asset sales or increased liquidity buffers, and raises execution risk over coming quarters.
Material Variable Annuity Outflows And Balance VolatilitySustained VA outflows shrink fee‑earning assets and reduce spread income, forcing reinvestment of smaller inflows and potentially increasing unit costs. Large, persistent redemptions can pressure hedging programs and earnings stability, making annuity revenue and margins more volatile across the medium term.
Elevated Disability Loss Ratios And PFML ExposureWorsening disability loss ratios tied to PFML rollouts increase underwriting strain and reserve needs in Group Protection. Structural expansion of state PFML and claim severity risks can compress margins, require rate adjustments or higher capital, and create sustained pressure on that business' profitability into coming quarters.
Lincoln National News
LNC FAQ
What was Lincoln National’s price range in the past 12 months?
Lincoln National lowest stock price was $31.69 and its highest was $46.82 in the past 12 months.
What is Lincoln National’s market cap?
Lincoln National’s market cap is $7.13B.
When is Lincoln National’s upcoming earnings report date?
Lincoln National’s upcoming earnings report date is Jul 30, 2026 which is in 43 days.
How were Lincoln National’s earnings last quarter?
Lincoln National released its earnings results on May 07, 2026. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.579 by $0.081.
Is Lincoln National overvalued?
According to Wall Street analysts Lincoln National’s price is currently Undervalued.
Does Lincoln National pay dividends?
Lincoln National pays a Quarterly dividend of $0.45 which represents an annual dividend yield of 3.93%. See more information on Lincoln National dividends here
What is Lincoln National’s EPS estimate?
Lincoln National’s EPS estimate is 2.03.
How many shares outstanding does Lincoln National have?
Lincoln National has 191,213,200 shares outstanding.
What happened to Lincoln National’s price movement after its last earnings report?
Lincoln National reported an EPS of $1.66 in its last earnings report, beating expectations of $1.579. Following the earnings report the stock price went down -4.466%.
Which hedge fund is a major shareholder of Lincoln National?
Currently, no hedge funds are holding shares in LNC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Lincoln National Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$43.80 (18.73% Upside)
$43.80 (18.73% Upside)
Blogger Sentiment
Bullish
LNC Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 28.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.1%
Last 30 Days ▲ 1.9%
Last 30 Days ▲ 1.9%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
21.37%
12-Months-Change
Fundamentals
Return on Equity
16.79%
Trailing 12-Months
Asset Growth
6.82%
Trailing 12-Months
Company Description
Lincoln National
Lincoln National Corporation (LNC) is a U.S.-based financial services company primarily involved in the insurance and retirement sectors. Operating through various subsidiaries, its operations are structured across four key divisions: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities division provides a range of annuity products, including fixed, variable, and indexed variable options. Its Retirement Plan Services segment caters to employers, focusing predominantly on the defined contribution market. This unit delivers a suite of retirement solutions, encompassing individual and group variable and fixed annuities, alongside mutual fund-based programs. Furthermore, it offers comprehensive plan administration services such as recordkeeping, compliance verification, participant education, and trust and custodial support. The Life Insurance segment delivers various life coverage options, from term insurance to universal life products, specifically single and survivorship universal life, variable universal life, and indexed universal life policies. It also makes available critical illness and long-term care riders to enhance these plans. Finally, the Group Protection segment focuses on providing non-medical group insurance benefits and services to the employer sector. Its offerings include short-term and long-term disability, statutory disability, paid family medical leave administration, and absence management. Additionally, it offers group term life, dental, vision, accident, and critical illness coverage, all available through both employee-contributed and employer-funded schemes. Lincoln National distributes its financial products and services through an extensive network of consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediary partners. Established in 1905, Lincoln National Corporation maintains its headquarters in Radnor, Pennsylvania.
LNC Company Deck
LNC Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call communicated a clear net-positive operational and capital story: adjusted operating income growth (16% YoY), diversified and improving business mix (notably in Group Protection, Life, FIAs and spread-based annuities), strong alternative investment returns, and solid capital and liquidity metrics (RBC >420%, leverage at 25%, holding company liquidity ~ $805M net). Near-term challenges include a GAAP net loss driven by market-related items, sizable variable annuity outflows, a higher disability loss ratio (PFML and LTD resolution impacts), a one-time tax true-up and some sequential pressure in annuity balances/fee income. Management framed these headwinds as manageable and largely expected within their strategic transition. Overall, positive execution and financial flexibility outweigh the near-term operational and market-driven headwinds.View all LNC earnings summariesLNC Stock 12 Month Forecast
Average Price Target
$43.80
▲(18.73% Upside)
Technical Analysis
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Ownership Overview
1.01% Insiders
19.87% Mutual Funds
21.69% Other Institutional Investors
32.81% Public Companies and
Individual Investors