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LNC

Lincoln National Corporation

LNC

NYSE·Financial Services·Insurance - Life·Mkt cap $6.9B

$37.00

+2.13%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$32.18 - $46.82

P/E

4.10

Fwd P/E

4.82

Beta

1.17

Div Yield

4.97%

Avg Vol

1.8M

Shares Out

191.2M

Mkt Cap

$6.9B

Price action

Price chart

Up 3.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • 118+ years of industry experience and brand heritage dating to 1905
  • Comprehensive product portfolio addressing multiple customer needs across life stages
  • Extensive distribution network through brokers, agents, and financial advisors
  • Integrated platform offering retirement, protection, and group benefit solutions

Bear Case

1 risk

  • Average volatility.

Growth

Stable outlook

Rising retirement income demand from aging baby boomer population

Value

Deep value opportunity - significant discount to sector peers

Momentum

Stable

+3.9% over 3m

Quality

Stable

Strong fundamentals

Dividend

Solid

4.97% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 30, 2026

Q2 26 RECAP

MAY 7, 2026

Reported EPS of $1.66 vs $1.58 consensus (+5.1% surprise). Revenue of $5.3B vs $4.9B expected (+7.5%). Beat on both top and bottom lines.

EPS beat +5.1%
Rev beat +7.5%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+5.1%

Next: Jul 30, 2026

Revenue trend · last 8Q

+15%

-10%

+10%

-3%

+14%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$4.5B

$4.1B

$5.0B

$4.6B

$4.1B

$4.5B

$4.8B

$5.3B

Margins · last 8Q

Gross

Operating

Profit

-3.2%

Wall Street consensus

10 analysts · 40% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

4

40%

Hold

5

50%

Sell

1

10%

Median Price Target

$40.00

+8.1% vs $37.00

Low $37.00
Median $40.00
High $48.00

Latest: National Bank Financial · $40.00 · May 21, 2026

3 analysts covering

vs Industry

How LNC stacks vs Insurance - Life

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.

Related

Peers & themes

Peers

No peer data available.

Themes

No themes assigned.