Lincoln Financial (LNC)
Financials · Life & Health Insurance · NYSE
Lincoln Financial is a leading provider of life insurance, annuities, and retirement solutions dedicated to helping Americans plan for their financial future.
What Lincoln Financial does
Lincoln Financial is a diversified financial services company that provides a range of insurance and retirement products, including annuities, life insurance, and group protection. The company operates through its subsidiaries to offer wealth protection, accumulation, and retirement income solutions to individuals and employers.
Themes: retirement planning, insurance / risk management, wealth management, annuities and protection
Fundamentals
- Price$39.55 as of 2026-10-20 close
- Market cap$7.6B as of 2026-07-24 (share count; price 2026-10-20)
- 1-year return+1.4% 2025-10-20 close $39.00 → 2026-10-20 close $39.55
- P/E3.33 as of 2026-10-20
- Net margin+6.5% FY2025, SEC XBRL
- ROE+10.8% FY2025, SEC XBRL
- ROICn/a No figure: it is a bank or insurer, whose operating income and debt are not what ROIC divides.
- Debt / equity0.60 borrowings, leases excluded / equity — 10-Q/10-K balance sheet 2026-06-30
- Revenue growth (YoY)-1.3% FY2025, SEC XBRL
- Revenue CAGR (3y)-1.1% SEC XBRL
- Beta1.37 as of 2026-09-03
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +4.3%; 17-year non-decreasing per-share dividend streak (SEC XBRL).
How LNC compares in its sector
- price-to-earnings ratiobottom 10% 487 covered Financials peers, as of 2026-10-20
- net profit marginmiddle range 343 covered Financials peers, as of 2026-09-03
- return on equitymiddle range 558 covered Financials peers, as of 2026-09-03
- 3-year revenue CAGRbottom 25% 347 covered Financials peers
- indicated dividend yieldtop 25% 440 covered Financials peers, as of 2026-09-03
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
LNC is not currently in any published Top 10 list. Its scores are below.
Top 10 score
50.1 #694 of 1,265 scored · #137 of 173 in Financials
Valuation 99th (price to earnings 3.3, price to book 0.7) and financial health 56th (debt to equity 0.6); weakest is growth (15th, revenue growth year over year -1.2%, 3-year revenue CAGR -1.1%).
Scores as of 20 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, LNC's dividend was covered by reported results (earnings payout 28%). This describes past coverage, not a forecast.
- Earnings payout28% dividends / net income
- Free-cash-flow payoutnot assessable operating cash flow was not positive that year
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
Quarterly results
| Quarter | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Q2 FY2026 2026-06-30 | $4.5B | $1.3B | $6.72 | -$558M† |
| Q1 FY2026 2026-03-31 | $5.3B | -$172M | -$1.10 | $138M |
| Q4 FY2025 2025-12-31 | $4.9B† | $754M† | $3.96† | $233M† |
| Q3 FY2025 2025-09-30 | $4.6B | $445M | $2.12 | -$1.1B† |
| Q2 FY2025 2025-06-30 | $4.0B | $699M | $3.80 | $1.0B† |
| Q1 FY2025 2025-03-31 | $4.7B | -$722M | -$4.41 | -$272M |
| Q4 FY2024 2024-12-31 | $5.1B† | $1.7B† | $9.66† | $222M† |
| Q3 FY2024 2024-09-30 | $4.1B | -$528M | -$3.29 | -$27M† |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-06-30
- Cash and equivalents$10.2B includes restricted cash (the filer tags no unrestricted total)
- Total debt$6.9B borrowings only; leases excluded
- Net debt-$3.3B total debt − cash − short-term investments
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How Lincoln Financial looks technically
Lincoln Financial (LNC) is trading 0.8% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 52 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 38, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative). It made a new 20-day low about 2 trading days ago. It is 17.0% below its highest point of the past year. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 3% of the past ~6 months), which often precedes a bigger move.
Trend
8
| Distance from the 200-day | it is trading 0.8% above its 200-day average, the long-term trend line — a longer-term uptrend | +0.8% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $42.30 | $42.30 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $39.24 | $39.24 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 14 calendar days ago — the swings before that are what the structure reading is measured on | 14 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 42.77. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 52 trading days ago — a "golden cross", a bullish long-term signal | 52 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend) | 17.0 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 38, neither overbought (above 70) nor oversold (below 30) | 38.1 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($38.88 to $42.77) — its "stochastic" reading is 17 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 17.2 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative) | 4 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $47.66 | $47.66 |
|---|---|---|
| From the 52-week high | it is 17.0% below its 52-week high (its highest price of the past year) | -17.0% |
| Above the 52-week low | it is 22.9% above its 52-week low (its lowest price of the past year) | +22.9% |
| Below the 52-week high | it is 17.0% below its highest point of the past year | 17.0% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $86.68 (set on 2018-01-29) | $86.68 |
| Given back of the 52-week move | over the past year its closes ranged ($32.59 to $47.00), and it has given back around half of its rise from last year’s low — 52% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $37.63 to $38.09. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 51.7% |
| From the all-time high | it is 54.4% below its all-time high | -54.4% |
| Nearest price level | it is trading 1.1% below a resistance level at $39.96 — a price it turned at five times since 2025-02-14, most recently on 2026-07-24. Since 2024-10-21 it has 8 such levels below the current price and 4 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +1.1% |
| All-time low | its lowest closing price on record is $4.76 (set on 2008-11-20) | $4.76 |
| Above the all-time low | it is 730.9% above its all-time low | +730.9% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 3% of the past ~6 months), which often precedes a bigger move | 3rd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.10 between its high and its low — about 2.8% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.10 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $39.17 and $41.98 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $39.17 – $40.57 – $41.98 |
| Typical daily range (% of price) | its price moves about 2.8% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.8% |
| Stretch from the 200-day average | it is trading 0.3 daily ranges above its 200-day average price (0.8% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 0.3 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.71× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 0.3% since the prior reading | -0.3% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a hammer | 3 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 3 sessions ago |
|---|---|---|
| Since a bearish engulfing | 2 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 2 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-10-20 0.3% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | +0.3% |
|---|---|---|
| Gap filled | a 3.0% gap up opened on 2026-09-01 has been "filled" 34 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 34 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 7.2 percentage points (the stock lost 6.3% while the market gained 1.0%) | -7.3% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 8.6 percentage points (the stock lost 5.0% while the market gained 3.6%) | -8.6% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 2.0 percentage points (the stock gained 6.5% while the market gained 8.5%) | -2.0% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 13.2 percentage points (the stock gained 1.4% while the market gained 14.6%) | -13.2% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: a fresh 20-day low, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 4.8% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-14 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 6.8% of the share price. | -4.8% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 1% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $39.21 — a volume-weighted average of daily closes over 198 sessions, not a true tick-by-tick VWAP. | +0.9% |
|---|---|---|
| Vs the average paid since it last reported | the price is 8% below the average price paid since it last reported on 2026-07-30 (its 10-Q), so the typical buyer over that stretch is under water. That average is $42.97 — a volume-weighted average of daily closes over 58 sessions, not a true tick-by-tick VWAP. | -8.0% |
Price levels it has turned at before
LNC last closed at $39.55 on 2026-10-20. Since 2024-10-21 it has turned at 8 prices below its last close and 4 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $39.96 | Resistance | 1.1% above the last close | turned there five times · 2025-02-14 to 2026-07-24 |
| $38.62 | Support | 2.4% below the last close | turned there 9 times · 2025-03-26 to 2026-10-01 |
| $41.88 | Resistance | 5.9% above the last close | turned there four times · 2025-09-23 to 2026-08-20 |
| $36.74 | Support | 7.1% below the last close | turned there four times · 2024-11-06 to 2026-05-27 |
| $42.81 | Resistance | 8.2% above the last close | turned there four times · 2025-11-06 to 2026-10-06 |
| $35.69 | Support | 9.8% below the last close | turned there five times · 2024-11-25 to 2026-06-30 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $42.77.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $31.41 and $35.75 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $42.77.
This reading has stood for 6 trading days, since 2026-10-13.
Read from daily closes as of 2026-10-20.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Near 200-day moving-average support · Trading above the 200-day moving average · Trading below the 50-day moving average · Broke down to a new 20-day low · MACD just crossed bearish (12/26/9) · in a Bollinger Band volatility squeeze | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low · bollinger bands
Based on daily closing prices as of 2026-10-20. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (2.54 mean, 1=Strong Buy…5=Strong Sell) — 12 analysts
- Mean price target$47.83 range $35.00 – $57.00; median $48.00
Analyst estimates, as of 2026-10-17. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for LNC
- Consensus EPS estimate$1.95 next reporting period, as of 2026-10-17
- Estimate change, 30 days-$0.07704 (-3.8%) from $2.03, on 2026-09-12, 35-day window
- Readings revised upward20% of 10 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Sensitivity to interest rate fluctuations and market volatility impacting investment returns and liabilities.","Credit risk and potential losses within the investment portfolio, including mortgage loans and fixed maturity securities.","Regulatory and legislative changes affecting insurance products and capital requirements."]
What changed in the latest 10-Q
AI-assisted comparison of LNC's 10-Q filed 2026-07-30 against the prior one filed 2026-05-07.
Management's Discussion & Analysis (MD&A)
- Reworded:
- In the filing dated 2026-07-30, the MD&A states it covers results of operations for the three and six months ended June 30, 2026, compared with the corresponding periods in 2025, whereas the filing dated 2026-05-07 covers only the three months ended March 31, 2026, compared with the corresponding period in 2025.
- In the filing dated 2026-07-30, the financial condition reference is as of June 30, 2026, compared with December 31, 2025, whereas the filing dated 2026-05-07 references financial condition as of March 31, 2026, compared with December 31, 2025.
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 2 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-16. The 5 days since 2026-10-16 have not been checked yet.
- Last 90 days · read to 2026-10-160 buys · 2 sells ($895754) — 2 selling insiders
- Last 180 days · read to 2026-10-160 buys · 4 sells ($3M) — 3 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-17. Based on Form 4 filings read through 2026-10-16; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about LNC's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 2 matched disclosures for LNC from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Institutional ownership (13F)
5 institutional 13F filers reported holding LNC as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 28,740,529
- Reported value $1,015,977,697
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 3 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about LNC's institutional holders → See what each manager we track holds →
Short interest (FINRA)
LNC had 14,527,545 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
LNC had 7.59% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 7.09 days to cover at the same settlement.
- Reported short interest (shares) 14,527,545
- Short interest (% of shares outstanding) 7.59%
- Prior settlement (shares) 12,142,574
- Reported change 19.64%
- Days to cover (reported) 7.09
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Prudential Financial (PRU)
- MetLife (MET)
- Manulife Financial (MFC)
- Principal Financial Group (PFG)
- Aflac (AFL)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Lincoln Financial (LNC) do?
Lincoln Financial is a diversified financial services company that provides a range of insurance and retirement products, including annuities, life insurance, and group protection. The company operates through its subsidiaries to offer wealth protection, accumulation, and retirement income solutions to individuals and employers.
What sector is Lincoln Financial (LNC) in?
Lincoln Financial (LNC) is classified in the Financials sector. Its industry is Life & Health Insurance. It trades on NYSE.
Does LNC pay a dividend?
Yes — Lincoln Financial (LNC) pays a dividend, with an indicated yield of about 4.27% and 17-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.
Who are Lincoln Financial's (LNC) competitors?
Notable peers of Lincoln Financial (LNC) include Prudential Financial, MetLife, Manulife Financial, Principal Financial Group and Aflac. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in LNC?
Yes — we hold 2 matched STOCK Act disclosures for LNC from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Lincoln Financial (LNC) overbought or oversold right now?
Lincoln Financial (LNC) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 38, in the neutral middle (as of 2026-10-20). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on LNC come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-20.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.