Lincoln National (LNC)
NYSE:LNC
LNC Stock Chart & Stats
$34.20
-$0.69(-2.17%)
At close: 4:00 PM EST
$34.20
-$0.69(-2.17%)
Day’s Range― - ―
52-Week Range$28.98 - $46.82
Previous CloseN/A
Volume432.94K
Average Volume (3M)2.32M
Market Cap
$6.50B
Enterprise Value$3.27B
Total Cash (Recent Filing)$46.40B
Total Debt (Recent Filing)$6.27B
Price to Earnings (P/E)6.9
Beta1.03
Next Earnings
May 07, 2026EPS Estimate
1.6Next Dividend Ex-DateN/A
Dividend Yield3.93%
Share Statistics
EPS (TTM)2.21
Shares Outstanding190,090,410
10 Day Avg. Volume1,638,368
30 Day Avg. Volume2,316,971
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 Cap0.50
Enterprise Value/Revenue0.18
Enterprise Value/Gross Profit0.89
Enterprise Value/Ebitda2.07
Forecast
1Y Price Target
$42.56Price Target Upside24.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)7.74
Revenue Forecast (FY)$19.84B
Bulls Say, Bears Say
Bulls Say
Strengthened Capital & LiquidityManagement rebuilt statutory capital and holding-company liquidity, restoring RBC above target and improving leverage. This durable capital buffer reduces insolvency risk, supports regulatory flexibility, funds subsidiary remittances, and enables meaningful capital returns without aggressive balance-sheet repairs.
Annuities Scale & Mix Toward Spread ProductsRecord annuity account growth and a deliberate shift to spread‑based products increase stable net investment spread income and lower market sensitivity. Scale in annuities and a more capital‑efficient mix support recurring earnings, improve predictability, and strengthen long‑term franchise economics.
Improved Cash Conversion & Remittance GuidanceMaterial improvement in cash conversion and explicit medium‑term remittance targets indicate better earnings-to-cash dynamics. Higher subsidiary remittances and clearer cash flow outlook enhance holding‑company flexibility to fund dividends, prefunding, or targeted reinvestment without overreliance on external financing.
Bears Say
Persistent Weak Cash GenerationDespite recent improvement, historical negative operating and free cash flow in multiple years signals structural earnings-to-cash conversion risk. This weak cash generation can force dependence on credit lines, restrict sustainable shareholder returns, and leave the company vulnerable in downside scenarios.
Retirement Plan Services Net OutflowsSustained net outflows in Retirement Plan Services shrink the fee-bearing asset base and pressure recurring revenue. If persistent, outflows require margin restoration through expense cuts or pricing, reducing medium‑term profitability and forcing greater reliance on other, potentially more volatile segments.
Competitive Pressure And VA OutflowsIntensifying RILA competition and ongoing VA outflows constrain growth in higher‑margin annuity niches. Management's intentional volume discipline improves risk profile but limits top‑line expansion and ROA upside; competitive pricing pressure could compress margins and slow durable earnings growth.
Lincoln National News
LNC FAQ
What was Lincoln National’s price range in the past 12 months?
Lincoln National lowest stock price was $28.98 and its highest was $46.82 in the past 12 months.
What is Lincoln National’s market cap?
Lincoln National’s market cap is $6.50B.
When is Lincoln National’s upcoming earnings report date?
Lincoln National’s upcoming earnings report date is May 07, 2026 which is in 23 days.
How were Lincoln National’s earnings last quarter?
Lincoln National released its earnings results on Feb 12, 2026. The company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.899 by $0.311.
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 1.6.
How many shares outstanding does Lincoln National have?
Lincoln National has 190,090,410 shares outstanding.
What happened to Lincoln National’s price movement after its last earnings report?
Lincoln National reported an EPS of $2.21 in its last earnings report, beating expectations of $1.899. Following the earnings report the stock price went up 5.636%.
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
Underperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$42.56 (24.44% Upside)
$42.56 (24.44% Upside)
Blogger Sentiment
Bullish
LNC Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 188.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $724.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 7.7%
Last 30 Days ▼ 7.7%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
20.46%
12-Months-Change
Fundamentals
Return on Equity
12.03%
Trailing 12-Months
Asset Growth
7.54%
Trailing 12-Months
Company Description
Lincoln National
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.
LNC Company Deck
LNC Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call communicated substantial progress: multi-quarter and multi-year earnings growth, record annuity account balances, strong alternative investment returns, improved capital ratios and liquidity, and a meaningful improvement in free cash flow conversion. Management also highlighted several strategic shifts (more spread-based annuity mix, Bermuda affiliate expansion, captive consolidation) that strengthen durability of earnings. Near-term headwinds include ongoing variable annuity outflows, Retirement Plan Services outflows, higher G&A/variable compensation in Q4, and technical reporting changes that will shift ~$50 million of NII out of annuities operating income in 2026. Overall, the positive operational and capital progress materially outweighs the manageable near-term and reporting-related challenges.View all LNC earnings summariesLNC Stock 12 Month Forecast
Average Price Target
$42.56
▲(24.44% Upside)
Technical Analysis
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Ownership Overview
1.15% Insiders
20.23% Mutual Funds
21.61% Other Institutional Investors
31.61% Public Companies and
Individual Investors