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LNC

Lincoln National Corporation

Financial Services · USD

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Price alert · LNC

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41.01 USD -0.36 -0.87%
As of Oct 30, 2026 Extended hours 41.00 -0.02%
Bid
40.94 × 300
Ask
41.02 × 300
40.53 Day range 41.42
32.59 52-week range 47.00
YTD
-7.90%
1 year
+0.79%
Open
41.42
Prev close
41.37
Mkt cap
7.85B
Vol
1.86M
Avg vol
1.92M
EPS
11.73
P/E
3.50
Div yield
4.35%
More statistics
Low
40.53
High
41.42
Forward P/E
4.70
Beta
1.15
Short ratio
0.00
Inst. own
86.96%
Dividend
1.80
Ex-div date
Oct 8, 2026
Earnings
Nov 5, 2026
50-d avg
41.73
200-d avg
38.99
1y target
47.83

MAX chart

Chart tools
Interval
LNC all-time price chart4.7625.245.766.286.7Dec 84Jun 93Sep 01Mar 10Jun 18Oct 26

Key statistics

Market cap
7.85B
Enterprise value
-29.40B
Trailing P/E
3.50
Forward P/E
4.70
PEG ratio
1.01
Price / sales
0.40
Price / book
0.76
EPS (TTM)
11.73
Beta
1.15
Dividend yield
4.35%
Payout ratio
15.35%
Profit margin
12.17%
Revenue (TTM)
19.39B
Revenue growth
12.60%
Free cash flow
2.07B
Total cash
45.55B
Total debt
7.24B
Return on equity
22.59%
Shares outstanding
191.45M
Short % of float
0.00%
50-day average
41.73
200-day average
38.99

Analyst view

Consensus: none

Price target (mean) 47.83 +16.6% upside
Target (low)
35.00
Target (mean)
47.83
Target (high)
57.00
Ratings (0m) 13 6 buy · 5 hold · 2 sell
  • Strong buy3
  • Buy3
  • Hold5
  • Sell1
  • Strong sell1

Next earnings

Nov 5, 2026

Expected Nov 5, 2026. Consensus EPS estimate 1.95.

Earnings history

Financials — quick view

All financials
LNC Revenue — quarterly 4.54B
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
LNC Net income — quarterly 1.33B
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
LNC EPS — quarterly 6.85
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Earnings

LNC recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Nov 5, 2026Sep 30, 20261.96———
Jul 30, 2026Jun 30, 20261.962.24+0.28+14.29%
May 7, 2026Mar 31, 20261.581.66+0.08+5.06%
Feb 12, 2026Dec 31, 20251.862.21+0.35+18.82%
Oct 30, 2025Sep 30, 20251.842.04+0.20+10.87%
Jul 31, 2025Jun 30, 20251.912.36+0.45+23.56%

Upgrades / downgrades

LNC analyst upgrades and downgrades
DateFirmActionFromTo
Oct 15, 2026JP MorganmainUnderweightUnderweight
Oct 12, 2026Wells FargomainOverweightOverweight
Oct 9, 2026Keefe, Bruyette & WoodsmainOutperformOutperform
Oct 7, 2026MizuhomainOutperformOutperform
Oct 7, 2026BarclaysmainOverweightOverweight
Oct 7, 2026Evercore ISI GroupmainIn-LineIn-Line

About Lincoln National Corporation

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders. Its Annuities segment offers variable, fixed, and registered index-linked annuities. The Group Protection segment offers group nonmedical insurance products consisting of short and long-term disability and administration services, statutory disability; paid family medical leave administration and absence management services; term life; life; supplemental health insurance; accident, critical illness, and hospital indemnity benefits and dental and vision products to the employer marketplace through various forms of employee-paid and employer-paid plans. Its Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and various plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. It distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, financial institutions, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.

Sector
Financial Services
Industry
Insurance - Life
Country
United States

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Insider holders

LNC insider holders
InsiderRelationLatest transactionDateShares held
BEAZER CRAIGT TGeneral CounselSaleJun 4, 2026103,906
BRONCHETTI JAYSON RChief Investment OfficerStock Award(Grant)Feb 18, 202587,139
COHEN ADAM MChief Financial OfficerStock Award(Grant)Aug 23, 202671,375
COOPER ELLEN GChief Executive OfficerStock Award(Grant)Feb 18, 2026768,244
KENNEDY JOHN CHRISTOPHEROfficerStock Award(Grant)Feb 18, 2026160,404
KROLL BRIANOfficerStock Award(Grant)Feb 18, 202670,536

Institution ownership

LNC institution ownership
Holder% heldSharesValueReported
Bain Capital Prairie, LLC9.80%18,759,497769.23MJun 29, 2026
Blackrock Inc.9.70%18,561,962761.13MJun 29, 2026
Vanguard Portfolio Management LLC5.45%10,427,206427.57MJun 29, 2026
Dimensional Fund Advisors LP4.48%8,571,956351.49MJun 29, 2026
Vanguard Capital Management LLC4.36%8,347,042342.27MJun 29, 2026
Massachusetts Financial Services Co.3.33%6,373,067261.33MJun 29, 2026

Fund ownership

LNC fund ownership
Holder% heldSharesValueReported
iShares Trust-iShares Core S&P Small-Cap ETF4.46%8,547,054350.47MSep 29, 2026
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund3.17%6,062,558248.60MJun 29, 2026
VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund2.29%4,386,827179.88MJun 29, 2026
iShares Trust-iShares Select Dividend ETF1.50%2,877,045117.97MSep 29, 2026
VANGUARD INDEX FUNDS-Vanguard Small-Cap Value Index Fund1.45%2,777,896113.91MJun 29, 2026
MFS SERIES TRUST XI-MFS Mid Cap Value Fund1.43%2,733,359112.08MJun 29, 2026
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