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$31.61 - $46.82
Previous CloseN/A
Volume432.94K
Average Volume (3M)1.78M
Market Cap
$6.89B
Enterprise Value$5.91B
Total Cash (Recent Filing)$7.34B
Total Debt (Recent Filing)$6.37B
Price to Earnings (P/E)―
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. Volume1,887,333
30 Day Avg. Volume1,781,134
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 Cap0.86
Enterprise Value/Revenue0.31
Enterprise Value/Gross Profit0.91
Enterprise Value/Ebitda2.59
Forecast
1Y Price Target
$42.00Price Target Upside13.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)7.69
Revenue Forecast (FY)$19.61B
Bulls Say, Bears Say
Bulls Say
Consistent Adjusted Operating Income GrowthSeven consecutive quarters of adjusted operating income growth signal durable improvement in core underwriting and fee earnings. Sustained operating income growth enhances internal capital generation, supports reinvestment and dividends, and indicates management execution beyond transient market moves.
Rebalanced Annuity Mix And Account Balance GrowthA shift toward spread-based and fixed annuity products increases earnings stability versus equity-sensitive offerings. Growing account balances in less market-sensitive products should produce steadier net investment spreads and fee revenue, lowering earnings volatility over multi-quarter horizons.
Strong Capital And Liquidity MetricsRobust regulatory capital and improved leverage provide a durable cushion against investment and underwriting stress, enabling continued product support and strategic flexibility. Adequate holding company liquidity reduces near-term refinancing risk and supports capital returns or opportunistic investments.
Bears Say
Inconsistent Cash GenerationVolatile operating cash flow undermines the reliability of earnings conversion to cash, increasing dependence on capital markets or parent liquidity for funding claims, growth and capital actions. For insurers, inconsistent cash generation raises long‑term execution risk and constrains capital allocation flexibility.
Large Variable Annuity OutflowsSustained variable annuity withdrawals erode fee-bearing account bases and spread income, pressuring long-term annuity profitability. Persistent outflows force higher acquisition/retention spending or product re-pricing and can magnify sensitivity to market moves, weakening durable revenue streams.
Elevated Disability Loss Ratios And PFML ExposureRising disability claims tied to PFML expansions and severities can structurally increase loss costs in Group Protection. If higher incidence persists, margins will require pricing, benefit or reserving adjustments, pressuring underwriting profitability and capital needs over multiple quarters.
Lincoln National News
LNC FAQ
What was Lincoln National’s price range in the past 12 months?
Lincoln National lowest stock price was $31.61 and its highest was $46.82 in the past 12 months.
What is Lincoln National’s market cap?
Lincoln National’s market cap is $6.89B.
When is Lincoln National’s upcoming earnings report date?
Lincoln National’s upcoming earnings report date is Jul 30, 2026 which is in 65 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:
$42.00 (13.85% Upside)
$42.00 (13.85% 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 $596.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▼ 1.6%
Last 30 Days ▼ 1.6%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
15.68%
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, 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
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
$42.00
▲(13.85% Upside)
Technical Analysis
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Jackson Financial Incorporation
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F&G Annuities & Life Inc
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Ownership Overview
1.14% Insiders
20.14% Mutual Funds
21.68% Other Institutional Investors
32.82% Public Companies and
Individual Investors