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Lincoln National Corp Stock Research

LNC

24.72USD-0.17(-0.68%)Market Closedas of 26 Sep 2023, 09:44 am
Watchlist

Market Summary

USD24.72-0.17
Market Closedas of 26 Sep 2023, 09:44 am
-0.68%

LNC Alerts

LNC Stock Price

LNC RSI Chart

LNC Valuation

Market Cap

4.2B

Price/Earnings (Trailing)

-3.17

Price/Sales (Trailing)

0.28

EV/EBITDA

-0.13

Price/Free Cashflow

4.26

LNC Price/Sales (Trailing)

LNC Profitability

EBT Margin

-22.77%

Return on Equity

-14.91%

Return on Assets

-0.29%

Free Cashflow Yield

23.5%

LNC Fundamentals

LNC Revenue

Revenue (TTM)

17.9B

LNC Earnings

Earnings (TTM)

-1.0B

Price Action

52 Week Range

18.5052.67
(Low)(High)

Last 7 days

-4.2%

Last 30 days

-2.3%

Last 90 days

0.4%

Trailing 12 Months

-41.7%

LNC Financial Health

LNC Investor Care

Dividend Yield

7.23%

Dividend/Share (TTM)

1.8

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for LNC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-10
Reid James Waltman
sold (taxes)
-71,405
26.31
-2,714
evp workplace solutions
2023-08-10
Grove Matthew
sold (taxes)
-231,186
26.31
-8,787
evp retail solutions
2023-08-09
Neczypor Christopher M
acquired
-
-
4,930
evp & cfo
2023-05-24
Rallis Andrew
acquired
-
-
94,795
evp, chief risk officer
2023-05-24
Woodroffe Sean
acquired
-
-
246,239
evp, ch ppl culture comms offf
2023-05-24
Kennedy John Christopher
acquired
-
-
47,327
evp, president lfd
2023-05-11
KELLY GARY C
bought
200,025
25.52
7,837
-
2023-02-23
Solon Kenneth S.
sold
-98,937
32.08
-3,084
evp & chief information ofc.
2023-02-19
Krow Jennifer Warne
sold (taxes)
-18,736
33.82
-554
evp, chief people officer
2023-02-19
Bronchetti Jayson R
sold (taxes)
-20,393
33.82
-603
evp, chief investment officer

1–10 of 50

Which funds bought or sold LNC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Baystate Wealth Management LLC
unchanged
-
24.00
168
-%
2023-09-20
BARCLAYS PLC
reduced
-57.26
-24,991,000
24,009,000
0.01%
2023-09-19
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL
added
8.67
191,114
968,576
0.41%
2023-09-12
Farther Finance Advisors, LLC
added
16.93
6,236
24,549
-%
2023-08-30
CHAPIN DAVIS, INC.
unchanged
-
36,453
285,421
0.14%
2023-08-28
DT Investment Partners, LLC
unchanged
-
13,180
56,540
0.01%
2023-08-25
EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC
reduced
-0.16
51,000
404,000
0.06%
2023-08-24
Harvest Investment Advisors, LLC
sold off
-100
-663,517
-
-%
2023-08-23
WOLVERINE TRADING, LLC
reduced
-62.96
-536,166
408,834
-%
2023-08-22
Old North State Trust, LLC
sold off
-100
-88,000
-
-%

1–10 of 44

Latest Funds Activity

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

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

Recent SEC filings of Lincoln National

View All Filings
Date Filed Form Type Document
Sep 14, 2023
3
Insider Trading
Sep 11, 2023
8-K
Current Report
Aug 11, 2023
4
Insider Trading
Aug 11, 2023
4
Insider Trading
Aug 11, 2023
4
Insider Trading
Aug 07, 2023
13F-HR
Fund Holdings Report
Aug 03, 2023
10-Q
Quarterly Report
Aug 02, 2023
8-K
Current Report
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading

Peers (Alternatives to Lincoln National)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
49.3B
69.5B
4.23% 5.87%
22.14
0.7
4.01% -58.32%
38.7B
63.9B
3.54% 10.69%
125.56
0.61
4.97% -6.22%
38.4B
37.8B
3.84% 9.06%
17.2
0.99
8.33% -37.32%
25.2B
12.4B
0.67% 24.34%
20.79
1.9
12.64% 55.58%
11.7B
5.2B
-0.31% 11.18%
17.54
2.22
1.78% -46.10%
-
12.0B
- -
-
-
34.59% 179.04%
MID-CAP
7.2B
2.7B
-0.30% 61.74%
15.81
2.62
-1.39% 16.12%
4.2B
17.9B
-2.32% -41.67%
-3.17
0.28
-26.53% -139.84%
4.2B
1.9B
0.39% 50.54%
3.52
1.58
38.34% -32.53%
3.3B
5.4B
2.88% 10.52%
2.05
1.73
-77.15% -71.29%
2.8B
7.5B
5.23% 68.72%
5.24
0.38
-1.40% -38.58%
SMALL-CAP
91.9M
169.0M
10.36% -17.43%
-7.44
0.54
-0.92% 29.17%
39.6M
-
-3.00% -34.24%
59.97
0.21
-4.23% -77.34%

Lincoln National News

MarketBeat
Lincoln National Co. (NYSE:LNC) Shares Purchased by AE Wealth ....
MarketBeat,
5 hours ago
The Motley Fool
Investing.com Australia
InvestorsObserver
Marketscreener.com

Returns for LNC

Cumulative Returns on LNC

-2.7%


10-Year Cumulative Returns

-5.5%


7-Year Cumulative Returns

-15.4%


5-Year Cumulative Returns

-3.3%


3-Year Cumulative Returns

Risks for LNC

What is the probability of a big loss on LNC?

85.4%


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

61.9%


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

41.9%


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

Financials for Lincoln National

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-14.8%15,256,000,00017,904,000,00018,810,000,00020,198,000,00020,764,000,00020,049,000,00019,862,000,00018,768,000,00018,891,000,00017,546,000,00017,438,000,00017,647,000,00016,924,000,00017,717,000,00017,257,000,00017,444,000,00017,070,000,00016,780,000,00016,424,000,00015,562,000,00014,809,000,000
  S&GA Expenses---2,240,000,000---2,252,000,000---2,072,000,000---2,210,000,000---1,953,000,000--
EBITDA100.0%--3,777,000,000-789,000,000-2,269,000,0001,238,000,0001,738,000,0001,908,000,0001,760,000,0001,845,000,000931,000,000707,000,0001,104,000,000441,000,0001,009,000,0001,245,000,000------
EBITDA Margin100.0%--0.21-0.04-0.120.170.090.100.090.100.050.040.060.030.060.07------
Interest Expenses5.3%316,000,000300,000,000283,000,000272,000,000274,000,000271,000,000270,000,000269,000,000262,000,000281,000,000284,000,000290,000,000337,000,000323,000,000326,000,000323,000,000279,000,000277,000,000297,000,000291,000,000285,000,000
Earnings Before Taxes-13.0%-3,732,000,000-3,302,000,000-297,000,000573,000,0004,087,000,0003,831,000,0002,250,000,0001,485,000,0001,579,000,000642,000,000423,000,000814,000,000104,000,000686,000,000919,000,000906,000,0001,688,000,0001,718,000,0001,885,000,0001,030,000,0001,008,000,000
EBT Margin100.0%--0.23-0.06-0.130.130.080.090.080.080.040.020.050.010.040.05------
Net Income-32.8%-1,333,000,000-1,004,000,0001,359,000,0001,255,000,0003,346,000,0003,151,000,0001,888,000,0001,323,000,0001,405,000,000666,000,000499,000,000787,000,000228,000,000685,000,000885,000,000853,000,0001,504,000,0001,526,000,0001,641,000,0002,058,000,0001,986,000,000
Net Income Margin100.0%--0.060.07-0.100.120.070.070.070.070.040.030.040.010.040.05------
Free Cashflow-100.0%-2,359,000,0003,609,000,0003,437,000,0003,090,000,0001,546,000,000151,000,000301,000,000-668,000,000-563,000,000534,000,000512,000,000847,000,000-900,000,000-2,686,000,000------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets1.6%348,612343,142334,217324,174335,346365,538394,750376,896379,878366,573365,948347,804339,659318,649334,761325,278322,259314,299298,147303,850298,832
    Cash Equivalents0.1%3,7683,7663,3431,4721,5671,9602,6122,6142,3891,3501,7082,5954,2016,2022,5632,9393,3141,5932,3451,4601,775
  Goodwill0%1,1441,1441,1441,1441,7781,7781,7781,7781,7781,7781,7781,7781,7781,7781,7781,7781,7781,7781,7821,7571,750
Liabilities1.9%342,793336,410329,115321,506325,692350,354374,835355,731358,136346,986343,249326,255318,928302,074315,072305,279303,804297,882283,797288,780283,655
Shareholder's Equity-13.6%5,8196,7325,1022,6689,33114,25519,91521,16521,74219,58722,69921,54920,73116,57519,68919,99918,45516,41714,35015,07015,177
  Retained Earnings8.5%5,3624,9405,9246,7629,4459,3465,1969,3609,2428,7698,6868,6478,3278,5008,8548,5598,8788,6798,5518,6158,302
Shares Outstanding0.1%170170169169170172177186189191192193193193197198201203206215217
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-57.9%9922,3593,6093,0482,361882-217318-650-544534512847-900-2,686-1,948-1,2514721,9431,2131,218
Cashflow From Investing38.2%-6,080-9,831-11,646-10,994-8,796-4,993-3,584-5,489-7,653-10,954-9,481-9,659-8,804-3,624-5,499-3,860-3,501-6,353-5,815-5,644-4,557
Cashflow From Financing-21.4%7,2899,2788,7686,8045,6134,7214,7055,1906,4916,6468,0928,8038,8449,1338,4037,2876,2915,2174,5893,9263,136
  Dividend Payments-0.6%306308310312315318319319316312311309306305303299297294289281275
  Buy Backs---5501,2001,3501,4001,1055053051552753254756255501,0751,1001,267900600650

LNC Income Statement

2023-06-30
Consolidated Statements Of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues    
Insurance premiums$ 1,612$ 1,498$ 3,191$ 2,975
Fee income1,3651,4092,7442,867
Net investment income1,5081,3982,9742,809
Realized gain (loss)(1,784)1,101(2,612)1,282
Amortization of deferred gain on business sold through reinsurance9111922
Other revenues219160427342
Total revenues2,9295,5776,74310,297
Expenses    
Benefits2,1921,9544,4834,110
Interest credited8087101,5931,407
Market risk benefit (gain) loss(2,023)477(1,404)(881)
Policyholder liability remeasurement (gain) loss(110)85(228)126
Commissions and other expenses1,3351,2072,6372,460
Interest and debt expense8468166134
Spark program expense41446475
Total expenses2,3274,5457,3117,431
Income (loss) before taxes6021,032(568)2,866
Federal income tax expense (benefit)91192(198)545
Net income (loss)511840(370)2,321
Other comprehensive income (loss), net of tax:    
Unrealized investment gain (loss)(513)(6,655)1,261(14,153)
Market risk benefit non-performance risk gain (loss)(924)354101374
Policyholder liability discount rate remeasurement gain (loss)112710(90)1,521
Foreign currency translation adjustment5(14)8(19)
Funded status of employee benefit plans(30)10(32)13
Total other comprehensive income (loss), net of tax(1,350)(5,595)1,248(12,264)
Comprehensive income (loss)(839)(4,755)878(9,943)
Net Income (Loss) Available to Common Stockholders    
Net income (loss)511840(370)2,321
Preferred stock dividends declared(11) (36) 
Deferred units of LNC stock in our deferred compensation plans2(7)(2)(7)
Net income (loss) available to common stockholders$ 502$ 833$ (408)$ 2,314
Net Income (Loss) Per Common Share    
Basic (in dollars per share)$ 2.95$ 4.91$ (2.40)$ 13.44
Diluted (in dollars per share)2.944.83(2.41)13.25
Cash Dividends Declared Per Preferred Share562.501,817.19
Cash Dividends Declared Per Common Share0.450.450.900.90
Series C Preferred Stock [Member]    
Net Income (Loss) Per Common Share    
Cash Dividends Declared Per Preferred Share 635.94
Series D Preferred Stock [Member]    
Net Income (Loss) Per Common Share    
Cash Dividends Declared Per Preferred Share$ 562.50$ 1,181.25

LNC Balance Sheet

2023-06-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Investments:  
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2023 - $111,354; 2022 - $111,707; allowance for credit losses: 2023 - $25; 2022 - $22)$ 100,890$ 99,736
Trading securities2,9433,498
Equity securities403427
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2023 - $404; 2022 - $487)18,46018,301
Policy loans2,4232,359
Derivative investments5,1553,594
Other investments4,1953,739
Total investments134,469131,654
Cash and invested cash3,7683,343
Deferred acquisition costs, value of business acquired and deferred sales inducements12,31612,235
Reinsurance recoverables, net of allowance for credit losses19,03019,443
Market risk benefit assets3,9062,807
Accrued investment income1,2771,253
Goodwill1,1441,144
Other assets19,45618,802
Separate account assets153,246143,536
Total assets348,612334,217
Liabilities  
Policyholder account balances117,598114,435
Future contract benefits39,71138,826
Market risk benefit liabilities1,5482,078
Deferred front-end loads5,4505,052
Payables for collateral on investments7,0626,712
Short-term debt500500
Long-term debt5,9545,955
Other liabilities11,72412,021
Separate account liabilities153,246143,536
Total liabilities342,793329,115
Contingencies and Commitments (See Note 14)
Stockholders' Equity  
Common stock – 800,000,000 shares authorized; 169,630,880 and 169,220,511 shares issued and outstanding as of June 30, 2023, and December 31, 2022, respectively4,5754,544
Retained earnings5,3625,924
Accumulated other comprehensive income (loss)(5,104)(6,352)
Total stockholders' equity5,8195,102
Total liabilities and stockholders' equity348,612334,217
Series C Preferred Stock [Member]  
Stockholders' Equity  
Preferred stock - 10,000,000 shares authorized493493
Series D Preferred Stock [Member]  
Stockholders' Equity  
Preferred stock - 10,000,000 shares authorized$ 493$ 493
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.