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Lincoln National (LNC)
NYSE:LNC
LNC Stock Chart & Stats
$34.08
-$0.69(-2.17%)
At close: 4:00 PM EST
$34.08
-$0.69(-2.17%)
Day’s Range― - ―
52-Week Range$27.58 - $46.82
Previous CloseN/A
Volume432.94K
Average Volume (3M)2.30M
Market Cap
$6.56B
Enterprise Value$3.25B
Total Cash (Recent Filing)$9.50B
Total Debt (Recent Filing)$6.27B
Price to Earnings (P/E)5.9
Beta1.17
Next Earnings
May 07, 2026EPS Estimate
1.69Next Dividend Ex-DateN/A
Dividend Yield3.93%
Share Statistics
EPS (TTM)2.21
Shares Outstanding190,090,410
10 Day Avg. Volume3,180,526
30 Day Avg. Volume2,302,866
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/Ebitda2.06
Forecast
1Y Price Target
$47.44Price Target Upside39.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)8.05
Revenue Forecast (FY)$20.04B
Bulls Say, Bears Say
Bulls Say
Capital Strength & LiquidityA materially stronger RBC ratio and meaningful reduction in leverage create durable solvency and regulatory headroom. This improves ability to support underwriting, weather shocks, raise subsidiary dividends and fund capital returns without forcing asset sales or aggressive de-risking.
Annuities Scale And Mix ShiftLarge, growing annuity balances provide a stable fee and spread base; management’s shift toward spread-based products increases earnings stability and reduces market sensitivity, supporting more predictable investment spread income and durable operating earnings.
Improving Cash Generation MetricsA meaningful step-up in adjusted operating income and higher cash conversion enhances internal funding for remittances and dividends. Sustained improvement in cash conversion would materially strengthen financial flexibility and reduce reliance on holding-company funding.
Bears Say
Historically Weak Cash FlowPersistent negative operating/free cash flow undermines earnings quality and limits durable capital formation. Even with recent improvement, inconsistent cash generation risks constraining remittances, capital returns and reinvestment without sustained conversion gains.
Retirement Plan Services OutflowsOngoing participant-driven outflows shrink the fee-bearing asset base, pressuring recurring revenues and margins. If structural, this requires either pricing or cost actions to defend profits, reducing growth optionality and making earnings more sensitive to retention.
Reporting Reallocation & VA Mix PressureA structural reporting change lowers reported annuities operating income and complicates comparability, while persistent VA outflows and an intentional pullback in VA volumes reduce scale and earnings upside. Together they constrain measured operating performance and ROA.
Lincoln National News
LNC FAQ
What was Lincoln National’s price range in the past 12 months?
Lincoln National lowest stock price was $27.58 and its highest was $46.82 in the past 12 months.
What is Lincoln National’s market cap?
Lincoln National’s market cap is $6.56B.
When is Lincoln National’s upcoming earnings report date?
Lincoln National’s upcoming earnings report date is May 07, 2026 which is in 64 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 1.69.
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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$47.44 (39.20% Upside)
$47.44 (39.20% 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 $627.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 11.4%
Last 30 Days ▲ 12.2%
Last 30 Days ▲ 12.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-7.13%
12-Months-Change
Fundamentals
Return on Equity
12.27%
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
$47.44
▲(39.20% Upside)
Technical Analysis
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Ownership Overview
0.85% Insiders
20.00% Mutual Funds
9.78% Other Institutional Investors
44.11% Public Companies and Individual Investors