Lincoln National (LNC) Stock Overview
Through its subsidiaries, operates multiple insurance and retirement businesses in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
LNC Community Fair Values
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Analyst Price Targets
Lincoln National Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$34.77 |
| 52 Week High | US$46.82 |
| 52 Week Low | US$31.61 |
| Beta | 1.19 |
| 1 Month Change | 1.67% |
| 3 Month Change | -11.59% |
| 1 Year Change | -0.66% |
| 3 Year Change | 77.58% |
| 5 Year Change | -50.45% |
| Change since IPO | 776.09% |
Recent News & Updates
Narrative Update • May 01
LNC: Cash Generation And Capital Return Progress Will Drive Future Repricing Potential
Analysts have trimmed their fair value estimate for Lincoln National to about $54.40 from roughly $58.77, reflecting lower P/E assumptions and a higher discount rate, while also factoring in slightly stronger revenue growth and profit margins, consistent with recent reductions in Street price targets across the life insurance group. Analyst Commentary Recent Street research on Lincoln National shows a mix of cautious price target resets and selective optimism, with several firms revisiting assumptions around cash flow, private credit exposure, and capital return.
Narrative Update • Apr 16
LNC: Cash Flow And Balance Sheet Progress Will Counter Private Credit Concerns
Lincoln National's updated analyst price target has shifted from $38.00 to $34.00 as analysts factor in a higher discount rate, slightly lower modeled revenue growth and profit margins, and a reduced future P/E multiple, even as recent research highlights differences in views on cash flow strength and private credit exposure risk across the life insurance group. Analyst Commentary Recent Street research around Lincoln National points to a mixed setup, with several firms trimming price targets while others highlight improving fundamentals.Recent updates
Narrative Update • May 01
LNC: Cash Generation And Capital Return Progress Will Drive Future Repricing Potential
Analysts have trimmed their fair value estimate for Lincoln National to about $54.40 from roughly $58.77, reflecting lower P/E assumptions and a higher discount rate, while also factoring in slightly stronger revenue growth and profit margins, consistent with recent reductions in Street price targets across the life insurance group. Analyst Commentary Recent Street research on Lincoln National shows a mix of cautious price target resets and selective optimism, with several firms revisiting assumptions around cash flow, private credit exposure, and capital return.Narrative Update • Apr 16
LNC: Cash Flow And Balance Sheet Progress Will Counter Private Credit Concerns
Lincoln National's updated analyst price target has shifted from $38.00 to $34.00 as analysts factor in a higher discount rate, slightly lower modeled revenue growth and profit margins, and a reduced future P/E multiple, even as recent research highlights differences in views on cash flow strength and private credit exposure risk across the life insurance group. Analyst Commentary Recent Street research around Lincoln National points to a mixed setup, with several firms trimming price targets while others highlight improving fundamentals.
Narrative Update • Apr 01
LNC: Rising Free Cash Flow And Deleveraging Will Support Future Share Repurchases
Analyst price targets for Lincoln National have moved slightly lower, with the blended fair value estimate easing from about $46.17 to $45.46 as analysts factor in updated views on cash flow quality, private credit exposure, and life insurance sector valuation pressures, alongside improving commentary on free cash flow and leverage. Analyst Commentary Recent research updates on Lincoln National reflect a mix of optimism around execution and balance sheet progress, alongside continued caution on sector risks and earnings quality.Narrative Update • Mar 18
LNC: Cash Flow Progress Will Likely Offset Private Credit And Loss Cost Risks
The analyst fair value estimate for Lincoln National has been reduced by $1 to $38 as analysts update models for cash flow, private credit exposure, and post-Q4 earnings. They continue to highlight company-specific efforts related to free cash flow, leverage, and capital returns.Narrative Update • Mar 04
LNC: Rising Free Cash Flow And Deleveraging Will Support Future Capital Returns
Narrative Update: Lincoln National Lincoln National's updated analyst price target of about $46.17, compared with the prior $44.00, reflects analysts' mixed but generally constructive views that factor in recent rating upgrades, revised life insurance sector targets, and ongoing attention to cash flow, leverage, and valuation pressures across the group. Analyst Commentary Recent Street research on Lincoln National reflects a mix of optimism around execution and balance sheet progress, alongside caution on sector wide pressures and valuation risk.Seeking Alpha • Feb 25
Lincoln National: Valuation And Fundamentals In Sync Outweigh Technical Caution
Summary Lincoln National has robust fundamentals, resilient growth, and prudent investment diversification despite macroeconomic headwinds. LNC’s valuation is now more attractive, trading at 0.87x tangible book value, with target prices ranging from $41.59 to $57.35 depending on risk allowances. Strong business diversification, premium client focus, and high capital adequacy (RBC ratio >420%) underpin sustainability and dividend longevity. I upgrade LNC from hold to buy as technicals signal emerging buying opportunities, though caution remains warranted. Read the full article on Seeking AlphaNarrative Update • Feb 18
LNC: Capital Strength And Cash Flow Will Support Future Repricing Potential
Narrative Update The analyst price target for Lincoln National has been lifted by $1, reflecting updated assumptions around fair value and growth, as several firms recently fine tuned their views on life insurers, capital strength, cash flow, and sales trends heading into upcoming results. Analyst Commentary Recent Street research on Lincoln National has been mixed, but there is a clear cluster of bullish analysts who are fine tuning their price targets around updated expectations for capital strength, cash flow, and sales trends across life insurers.Narrative Update • Feb 04
LNC: Capital Strength And Cash Flow Will Support Future Repricing Potential
Analysts have inched their price targets on Lincoln National higher overall, with recent adjustments in the low single dollar range as they weigh updated views on capital strength, cash flow, life insurance sales trends, and margin assumptions against cautious commentary on pricing and loss cost pressures across insurance lines. Analyst Commentary Recent research has clustered around relatively small price target moves, but the tone of several reports is constructive.Narrative Update • Jan 20
LNC: Capital Strength And Margins Will Support Future Repricing Potential
Narrative Update on Lincoln National Analysts have lifted their price targets on Lincoln National by low single digit dollar amounts, with recent moves such as Wells Fargo's adjustment to $41 and other revisions reflecting updated views on sales trends, capital, and margin assumptions for life insurers. Analyst Commentary Recent price target moves on Lincoln National have been relatively modest in dollar terms, but together they give you a clearer view of how the Street is thinking about valuation, balance sheet strength, and execution risk for life insurers.Analysis Article • Jan 09
Lincoln National (NYSE:LNC) Has Announced A Dividend Of $0.45
The board of Lincoln National Corporation ( NYSE:LNC ) has announced that it will pay a dividend on the 2nd of...Narrative Update • Jan 06
LNC: Rising Loss Costs Will Likely Erode Future Earnings Stability
Analysts have trimmed their price target on Lincoln National to US$43 from US$44, citing less constructive pricing trends in key insurance lines and rising loss costs. They added that they view sector valuations as not especially expensive.Narrative Update • Dec 22
LNC: Future Earnings Stability Will Likely Mask Weather Driven Downside Risk
Analysts have lifted their fair value estimate for Lincoln National to about $39 per share, up roughly $8 from prior levels. They cite calmer catastrophe experience, supportive investment and fee income tailwinds, and favorable claims trends that are expected to underpin steadier earnings and justify a higher future earnings multiple.Analysis Article • Dec 16
Lincoln National (NYSE:LNC) Will Pay A Dividend Of $0.45
The board of Lincoln National Corporation ( NYSE:LNC ) has announced that it will pay a dividend on the 2nd of...Narrative Update • Dec 08
LNC: Earnings Durability And Calmer Claims Environment Will Support Steady Performance
Analysts have nudged their blended price target for Lincoln National moderately higher, from $40 to roughly the low $40s. They cite a calmer underwriting environment, supportive investment income tailwinds, and growing confidence in the company’s capital light pivot and earnings durability, despite lingering concerns about distributable earnings and capital returns.Narrative Update • Nov 24
LNC: Earnings Resilience And Sector Tailwinds Will Support Steady Performance Ahead
Lincoln National’s analyst price target has increased by $2, to $42 per share, as analysts cite continued earnings resilience, sector tailwinds, and improved claims experience supporting the outlook. Analyst Commentary Analysts are divided in their perspective on Lincoln National, with several highlighting both positive developments and ongoing concerns influencing the company’s outlook and valuation.Analysis Article • Nov 18
Lincoln National (NYSE:LNC) Is Paying Out A Dividend Of $0.45
The board of Lincoln National Corporation ( NYSE:LNC ) has announced that it will pay a dividend on the 2nd of...Narrative Update • Nov 09
LNC: Shares Will Likely See Stability As Profits And Capital Levels Improve
Lincoln National’s analyst price target has increased modestly from $43.75 to $44.00. Analysts attribute this slight upward revision to continued earnings growth, improved capital levels, and sector tailwinds.Narrative Update • Oct 26
Resilient Earnings And Capital-Light Model Will Drive Future Turnaround Momentum
The analyst price target for Lincoln National has increased modestly to $43.75, up from $43.42. Analysts highlight steady revenue growth, improved profit margins, and favorable trends in claims experience, which support the company's ongoing turnaround.Narrative Update • Oct 12
Diversified Transformation And Digital Modernization Will Unlock Market Opportunity
Lincoln National's analyst price target has increased to approximately $43.42 from $42.75, as analysts cite improving revenue growth, slightly higher profit margins, and positive trends in earnings quality as key factors supporting a more favorable outlook. Analyst Commentary Recent research updates on Lincoln National reflect a range of analyst views as the company continues to execute its turnaround strategy.Analysis Article • Sep 26
Lincoln National (NYSE:LNC) Is Paying Out A Dividend Of $0.45
Lincoln National Corporation ( NYSE:LNC ) has announced that it will pay a dividend of $0.45 per share on the 3rd of...Narrative Update • Sep 24
Diversified Transformation And Digital Modernization Will Unlock Market Opportunity
Analysts have raised Lincoln National’s price target as they grow more confident in the company’s capital-light pivot, profitability improvements, and turnaround progress, with the consensus fair value edging up from $41.73 to $42.75. Analyst Commentary Bullish analysts highlight Lincoln National's successful shift toward a capital-light business model, supporting more sustainable and profitable earnings growth.Analysis Article • Sep 11
Lincoln National (NYSE:LNC) Has Affirmed Its Dividend Of $0.45
Lincoln National Corporation ( NYSE:LNC ) will pay a dividend of $0.45 on the 3rd of November. The dividend yield will...Narrative Update • Sep 09
Diversified Transformation And Digital Modernization Will Unlock Market Opportunity
Lincoln National’s price target saw a modest increase to $41.73, reflecting analysts’ improved outlook driven by strong quarterly performance, early turnaround progress, and strategic benefits from the Bain partnership. Analyst Commentary Strong quarterly performance exceeded high expectations.Analysis Article • Aug 30
The Market Lifts Lincoln National Corporation (NYSE:LNC) Shares 26% But It Can Do More
The Lincoln National Corporation ( NYSE:LNC ) share price has done very well over the last month, posting an excellent...Analysis Article • Aug 18
Lincoln National (NYSE:LNC) Has Affirmed Its Dividend Of $0.45
The board of Lincoln National Corporation ( NYSE:LNC ) has announced that it will pay a dividend on the 3rd of...Analysis Article • Jun 28
Lincoln National's (NYSE:LNC) Dividend Will Be $0.45
Lincoln National Corporation ( NYSE:LNC ) has announced that it will pay a dividend of $0.45 per share on the 1st of...Analysis Article • May 26
Lincoln National (NYSE:LNC) Has Affirmed Its Dividend Of $0.45
Lincoln National Corporation ( NYSE:LNC ) has announced that it will pay a dividend of $0.45 per share on the 1st of...Analysis Article • May 16
Shareholders May Be More Conservative With Lincoln National Corporation's (NYSE:LNC) CEO Compensation For Now
Key Insights Lincoln National's Annual General Meeting to take place on 22nd of May CEO Ellen R. Cooper's total...Seeking Alpha • Mar 19
Lincoln National: Insurance And Annuities Could Drive Business And Sustain Dividends
Summary Lincoln National gets a buy rating, agreeing with the latest consensus from Seeking Alpha analysts. The firm is in the top 7 of US life insurers, and could benefit from macro growth in life insurance and annuities demand. Its dividend yield is above average, while free cash flow also recently improved, which could continue to sustain the stable dividend. Exposure to a large debt securities and real estate loan portfolio could present an asset risk, due to interest rates, however, the firm also received an investment-grade rating from Fitch. Read the full article on Seeking AlphaSeeking Alpha • Jan 13
Lincoln National: We Have A Significant Potential Upside Going Into 2025-2027
Summary Lincoln National's fundamentals have improved significantly, with a BBB+ rating, stable dividend, and strong earnings growth, making it a top investment pick. The company's valuation is highly attractive, trading at less than 4.6x P/E, with potential for 100-200% total RoR in the next few years. LNC's latest earnings report shows strong performance across all segments, particularly in annuities and Group Protection, with improved RBC and leverage ratios. Despite past challenges, LNC is on a recovery path, and I maintain a "Buy" rating with a price target of $55/share. Read the full article on Seeking AlphaSeeking Alpha • Oct 31
Why Lincoln National Remains Interesting And Why Q3 2024 Matters Only A Little
Summary Lincoln National is an insurance company investment that I have covered for several years, and that since the trough years ago has seen a substantial positive RoR. I continue to invest in Lincoln National given its low valuation, good yield, and good upside. I consider Lincoln National's position going into 3Q24, which is to be published today. Read the full article on Seeking AlphaShareholder Returns
| LNC | US Insurance | US Market | |
|---|---|---|---|
| 7D | -5.8% | -0.7% | 2.6% |
| 1Y | -0.7% | -10.0% | 26.2% |
Return vs Industry: LNC exceeded the US Insurance industry which returned -9.9% over the past year.
Return vs Market: LNC underperformed the US Market which returned 31.1% over the past year.
Price Volatility
| LNC volatility | |
|---|---|
| LNC Average Weekly Movement | 5.8% |
| Insurance Industry Average Movement | 4.3% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: LNC has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: LNC's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1905 | 9,423 | Ellen R. Cooper | www.lincolnfinancial.com |
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.
Lincoln National Corporation Fundamentals Summary
| LNC fundamental statistics | |
|---|---|
| Market cap | US$6.85b |
| Earnings (TTM) | US$1.63b |
| Revenue (TTM) | US$18.88b |
4.1x
P/E Ratio0.4x
P/S RatioIs LNC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LNC income statement (TTM) | |
|---|---|
| Revenue | US$18.88b |
| Cost of Revenue | US$13.76b |
| Gross Profit | US$5.13b |
| Other Expenses | US$3.50b |
| Earnings | US$1.63b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 30, 2026
| Earnings per share (EPS) | 8.53 |
| Gross Margin | 27.16% |
| Net Profit Margin | 8.64% |
| Debt/Equity Ratio | 62.4% |
How did LNC perform over the long term?
See historical performance and comparisonDividends
5.2%
Current Dividend Yield21%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 12:59 |
| End of Day Share Price | 2026/05/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Lincoln National Corporation is covered by 30 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Taylor Scott | Barclays |
| Jay Gelb | Barclays |