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LNC Stock Chart & Stats
$41.36
$0.53(1.30%)
At close: 4:00 PM EDT
$41.36
$0.53(1.30%)
Day’s Range― - ―
52-Week Range$32.18 - $46.82
Previous CloseN/A
Volume1.39M
Average Volume (3M)1.70M
Market Cap
$8.19B
Enterprise Value$14.17K
Total Cash (Recent Filing)$44.66B
Total Debt (Recent Filing)$6.37B
Price to Earnings (P/E)4.7
Beta1.03
Next Earnings
Nov 04, 2026EPS Estimate
2.03Next Dividend Ex-DateN/A
Dividend Yield4.34%
Share Statistics
EPS (TTM)9.03
Shares Outstanding191,213,200
10 Day Avg. Volume1,710,153
30 Day Avg. Volume1,702,440
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)0.75
Price to Sales (P/S)0.45
P/FCF Ratio-48.71
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$45.64Price Target Upside10.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)7.67
Revenue Forecast (FY)$19.70B
Bulls Say, Bears Say
Bulls Say
Capital & Liquidity StrengthConsistently strong regulatory capital (RBC >420%) and a stabilized leverage ratio near management's 25% target provide lasting financial flexibility. This reduces forced asset sales under stress, supports dividends, strategic reinsurance and subordinated debt refinancings, and cushions earnings volatility over the next several quarters.
Diversified, Spread-Focused Annuity MixA deliberate shift toward spread-based products (RILA, FIAs, fixed annuities) increases predictable spread income and reduces sensitivity to equity market swings that affect VA guarantees. Higher fixed/spread balances support margin durability and fee stability, aiding medium-term earnings predictability as the business mix rebalances.
Sustained Operating Income GrowthSeven consecutive quarters of adjusted operating income growth indicates consistent operational execution across segments. Persistent improvement reflects cost discipline, product mix gains, and alternative income contributions, which together enhance the durability of core earnings beyond transitory market-driven GAAP swings.
Bears Say
Inconsistent Cash GenerationLarge swings in operating cash flow undermine the predictability of internally generated funds used for dividends, buybacks, and reinvestment. Even with recent positive TTM cash flow, the history of big reversals means management may need recurring access to capital markets or reinsurance to smooth liquidity, raising structural execution risk.
Variable Annuity Outflows & Balance VolatilitySustained variable annuity outflows reduce fee and spread-bearing account bases, compress long-term revenue and require active hedging that can elevate funding and capital needs. Persistent net outflows can materially lower future spread income and increase earnings sensitivity to markets and liquidity management over the medium term.
Elevated Disability Loss RatioA higher disability loss ratio driven by paid family and medical leave expansions and adverse LTD resolutions signals underwriting pressure in Group Protection. If PFML rollouts and severity trends persist, margins will remain impaired and pricing or reserving actions may be required, weighing on multi-quarter profitability.
Lincoln National News
LNC FAQ
What was Lincoln National’s price range in the past 12 months?
Lincoln National lowest stock price was $32.18 and its highest was $46.82 in the past 12 months.
What is Lincoln National’s market cap?
Lincoln National’s market cap is $8.19B.
When is Lincoln National’s upcoming earnings report date?
Lincoln National’s upcoming earnings report date is Nov 04, 2026 which is in 96 days.
How were Lincoln National’s earnings last quarter?
Lincoln National released its earnings results on Jul 30, 2026. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.958 by $0.282.
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 4.34%. 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 $2.24 in its last earnings report, beating expectations of $1.958. 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:
$45.64 (10.34% Upside)
$45.64 (10.34% Upside)
Blogger Sentiment
Bullish
LNC Sentiment 100%
Sector Average 58%
Sector Average 58%
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 ▲ 2.6%
Last 30 Days ▲ 9.7%
Last 30 Days ▲ 9.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
24.74%
12-Months-Change
Fundamentals
Return on Equity
4.34%
Trailing 12-Months
Asset Growth
6.82%
Trailing 12-Months
Company Description
Lincoln National
Lincoln National Corporation (LNC) is a U.S. holding company whose primary operations are conducted through its insurance and retirement businesses. The company provides annuities and life insurance products, and offers group protection benefits such as employer-sponsored disability and other workplace-related insurance coverages. It distributes products through a mix of independent advisors/brokers, financial institutions, and employer/worksite channels.
LNC Company Deck
LNC Earnings Call
Q2 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
All Analysts
Top Analysts
Average Price Target
$45.64
▲(10.34% Upside)
Technical Analysis
1 Day
3 Days
1 Week
1 Month
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Ownership Overview
1.01% Insiders
20.35% Mutual Funds
0.93% Other Institutional Investors
52.83% Public Companies and
Individual Investors










