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Lincoln National Corp Stock Research

LNC

22.11USD-0.26(-1.16%)Market Closed

Market Summary

USD22.11-0.26
Market Closed
-1.16%

LNC Alerts

LNC Stock Price

LNC RSI Chart

LNC Valuation

Market Cap

3.7B

Price/Earnings (Trailing)

-1.68

Price/Sales (Trailing)

0.2

EV/EBITDA

-0.16

Price/Free Cashflow

0.93

LNC Price/Sales (Trailing)

LNC Profitability

EBT Margin

-14.96%

Return on Equity

-54.3%

Return on Assets

-0.66%

Free Cashflow Yield

107.79%

LNC Fundamentals

LNC Revenue

Revenue (TTM)

18.8B

Revenue Y/Y

-8.86%

Revenue Q/Q

-12.57%

LNC Earnings

Earnings (TTM)

-2.2B

Earnings Y/Y

-97.27%

Earnings Q/Q

100.23%

Price Action

52 Week Range

20.4968.61
(Low)(High)

Last 7 days

-23.5%

Last 30 days

-36.2%

Last 90 days

-27.4%

Trailing 12 Months

-63.0%

LNC Financial Health

LNC Investor Care

Dividend Yield

8.14%

Dividend/Share (TTM)

1.8

Buy Backs (1Y)

4.50%

Diluted EPS (TTM)

-13.1

Peers (Alternatives to Lincoln National)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
44.9B
69.9B
-22.23% -11.88%
17.7
0.64
-1.66% -61.26%
40.0B
36.9B
-11.25% -6.12%
14.06
1.08
5.94% -22.39%
38.7B
60.0B
-23.24% -24.38%
125.56
0.61
-15.34% -118.62%
24.8B
12.1B
-11.42% 23.49%
41.48
2.05
1.63% -56.71%
17.0B
7.6B
- -
-9.57
0.74
-71.04% -207.85%
11.4B
5.2B
-12.33% 10.59%
15.47
2.19
2.00% -0.71%
MID-CAP
6.0B
2.7B
-5.96% 28.42%
16.2
2.22
0.38% -0.09%
3.7B
18.8B
-36.21% -63.05%
-1.68
0.2
-2.32% -258.51%
3.0B
8.5B
-28.34% -9.80%
596.07
0.35
18.64% 104.63%
2.9B
1.4B
-30.40% -12.58%
2.35
2.03
-61.63% 157.59%
2.5B
7.5B
-17.46% 33.60%
4.09
0.33
-4.15% -32.63%
SMALL-CAP
117.1M
101.8M
1.30% 58.54%
-6.91
1.15
-19.68% 11.97%
50.9M
192.4M
2.07% 5.11%
16.2
0.26
-8.30% -76.65%
41.4M
66.1M
0.80% 56.55%
-121.51
0.63
-2.59% 95.15%

Financials for Lincoln National

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-2.1%18,78419,19219,63519,38219,230
  S&GA Expenses-0.4%2,2412,251---
EBITDA-11.4%-2,528-2,2691,2381,738-
EBITDA Margin-13.8%-0.13*-0.12*0.17*0.09*-
Earnings Before Taxes-10.7%-2,811-2,5409651,4681,638
EBT Margin-13.1%-0.15*-0.13*0.13*0.08*-
Interest Expenses4.4%283271273270270
Net Income-10.7%-2,227-2,0128801,2841,405
Net Income Margin-13.1%-0.12*-0.10*0.12*0.07*-
Free Cahsflow17.3%4,0333,4373,0901,546-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.3%335,437324,683335,769365,929387,301
    Cash Equivalents127.1%3,3431,4721,5671,9602,612
  Goodwill0%1,1441,1441,7781,7781,778
Liabilities2.8%331,336322,466326,581351,217367,029
Shareholder's Equity85.0%4,1012,2179,18814,71220,272
  Retained Earnings-1.1%6,2396,3118,9858,8769,096
Shares Outstanding0.0%169169170172177
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations17.3%4,0333,4373,0901,546151
Cashflow From Investing-5.9%-11,643-10,998-8,798-4,996-3,567
Cashflow From Financing29.9%8,3416,4194,8864,0604,320
  Dividend Payments-0.6%310312315318319
  Buy Backs-54.2%5501,2001,3501,4001,105

Risks for LNC

What is the probability of a big loss on LNC?

82.7%


Probability that Lincoln National stock will be more than 20% underwater in next one year

51.1%


Probability that Lincoln National stock will be more than 30% underwater in next one year.

31.1%


Probability that Lincoln National stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LNC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Lincoln National was unfortunately bought at previous high price.

Drawdowns

Returns for LNC

Cumulative Returns on LNC

-1.7%


10-Year Cumulative Returns

-5.6%


7-Year Cumulative Returns

-19.5%


5-Year Cumulative Returns

-5.2%


3-Year Cumulative Returns

What are the long-term rolling returns for LNC?

FIve years rolling returns for Lincoln National.

Annualized Returns

Which funds bought or sold LNC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-20.1
-542,224
686,776
-%
2023-03-06
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL
unchanged
-
-456,088
1,062,910
0.40%
2023-03-06
Rockefeller Capital Management L.P.
added
36.41
-7,000
166,000
-%
2023-03-03
TIAA, FSB
reduced
-0.14
-159,749
371,251
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
69,212
69,212
-%
2023-02-28
Voya Investment Management LLC
reduced
-7.36
-1,110,710
2,044,290
-%
2023-02-27
REBALANCE, LLC
new
-
19,661
19,661
-%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-9.77
-928,639
1,589,360
-%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
-17.00
983
-%
2023-02-24
National Pension Service
unchanged
-
-1,427,020
3,178,970
0.01%

1–10 of 47

Latest Funds Activity

Are funds buying LNC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own LNC
No. of Funds

Lincoln National News

Investopedia

Markets Drop on Renewed Concerns About Banks.

Investopedia,
26 hours ago

Barchart

London South East

Schedule 13G FIlings of Lincoln National

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
11.86%
20,068,955
SC 13G/A
Feb 06, 2023
state street corp
5.61%
9,487,042
SC 13G
Feb 03, 2023
blackrock inc.
8.2%
13,817,891
SC 13G/A
Jan 11, 2023
hagan dan
0.0%
0
SC 13G/A
Feb 10, 2022
vanguard group inc
11.32%
20,457,515
SC 13G/A
Feb 01, 2022
blackrock inc.
7.8%
14,030,749
SC 13G/A
Jan 26, 2022
hagan dan
8.3%
1.5e+07
SC 13G/A
Feb 10, 2021
vanguard group inc
10.36%
20,020,255
SC 13G/A
Jan 29, 2021
blackrock inc.
7.8%
15,061,919
SC 13G/A
Jun 15, 2020
hagan dan
5.2%
1e+07
SC 13G

LNC Fair Value

Lincoln National fair value in different scenarios

The table shows the Fair Value estimates for Lincoln National for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

12.06

-45.45%

43.35

96.07%
Current Inflation

-

-

-

-

1.69

-92.36%

37.43

69.29%

19.00

-14.07%
Very High Inflation

-

-

-

-

-

-

-

-

16.54

-25.19%

Historical Lincoln National Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Lincoln National

View All Filings
Date Filed Form Type Document
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
S-3ASR
S-3ASR
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 21, 2023
4/A
Insider Trading
Feb 21, 2023
8-K
Current Report

Latest Insider Trading transactions for LNC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-23
Solon Kenneth S.
sold
-98,937
32.08
-3,084
evp & chief information ofc.
2023-02-19
Bronchetti Jayson R
sold (taxes)
-20,393
33.82
-603
evp, chief investment officer
2023-02-19
Solon Kenneth S.
sold (taxes)
-91,077
33.82
-2,693
evp & chief information ofc.
2023-02-19
Cooper Ellen
sold (taxes)
-93,309
33.82
-2,759
president & ceo
2023-02-19
Krow Jennifer Warne
sold (taxes)
-18,736
33.82
-554
evp, chief people officer
2023-02-19
Kennedy John Christopher
sold (taxes)
-20,799
33.82
-615
evp, president lfd
2023-02-19
Neczypor Christopher M
sold (taxes)
-18,262
33.82
-540
evp & cfo
2023-02-17
Krow Jennifer Warne
sold (taxes)
-1,792
33.82
-53.00
evp, chief people officer
2023-02-16
KELLY GARY C
bought
200,003
27.9
7,168
-
2023-02-15
Bronchetti Jayson R
acquired
-
-
10,718
evp, chief investment officer

1–10 of 50

Dennis R. Glass
10800
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities. The Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace. This segment offers individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and a range of plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders. The Group Protection segment offers group non-medical insurance products comprising short and long-term disability, statutory disability and paid family medical leave administration and absence management services, term life, dental, vision and accident, and critical illness benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is based in Radnor, Pennsylvania.

LNC Income Statement

2022-12-31
Consolidated Statements Of Comprehensive Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Insurance premiums$ 6,087$ 5,617$ 5,372
Fee income6,0546,8876,371
Net investment income5,5116,1155,510
Realized gain (loss)336(212)(513)
Amortization of deferred gain on business sold through reinsurance744641
Other revenues722777658
Total revenues18,78419,23017,439
Expenses   
Interest credited2,8702,9152,923
Benefits12,5468,5298,677
Commissions and other expenses5,0955,7915,064
Interest and debt expense283270284
Spark program expense1678768
Impairment of intangibles634  
Total expenses21,59517,59217,016
Income (loss) before taxes(2,811)1,638423
Federal income tax expense (benefit)(584)233(76)
Net income (loss)(2,227)1,405499
Unrealized investment gains (losses)(14,030)(2,535)3,192
Foreign currency translation adjustment(20)(2)5
Funded status of employee benefit plans(59)4761
Total other comprehensive income (loss), net of tax(14,109)(2,490)3,258
Comprehensive income (loss)$ (16,336)$ (1,085)$ 3,757
Net Income (Loss) Per Common Share   
Basic (in dollars per share)$ (13.02)$ 7.50$ 2.58
Diluted (in dollars per share)(13.10)7.432.56
Cash Dividends Declared Per Common Share$ 1.80$ 1.71$ 1.62

LNC Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:  
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,707; 2021 - $105,177; allowance for credit losses: 2022 - $22; 2021 - $19)$ 99,736$ 118,746
Trading securities3,4984,482
Equity securities427318
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $487; 2021 - $739)18,30117,991
Policy loans2,3592,364
Derivative investments3,7365,437
Other investments3,7394,292
Total investments131,796153,630
Cash and invested cash3,3432,612
Deferred acquisition costs and value of business acquired13,5886,081
Accrued investment income1,2531,189
Reinsurance recoverables, net of allowance for credit losses19,88220,295
Goodwill1,1441,778
Other assets20,89519,133
Separate account assets143,536182,583
Total assets335,437387,301
Liabilities  
Future contract benefits42,15141,030
Other contract holder funds120,800111,702
Short-term debt500300
Long-term debt5,9556,325
Payables for collateral on investments6,7128,946
Other liabilities11,68216,143
Separate account liabilities143,536182,583
Total liabilities331,336367,029
Contingencies and Commitments (See Note 13)
Stockholders' Equity  
Common stock – 800,000,000 shares authorized; 169,220,511 and 177,193,515 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively4,5444,735
Retained earnings6,2399,096
Accumulated other comprehensive income (loss)(7,668)6,441
Total stockholders' equity4,10120,272
Total liabilities and stockholders' equity335,437$ 387,301
Series C Preferred Stock [Member]  
Stockholders' Equity  
Preferred stock - 10,000,000 shares authorized493 
Series D Preferred Stock [Member]  
Stockholders' Equity  
Preferred stock - 10,000,000 shares authorized$ 493