LNC - Lincoln National Corp Stock Price, Fair Value and News

27.24USD+0.39 (+1.45%)Market Closed

Market Summary

USD27.24+0.39

Market Closed

1.45%

LNC Stock Price

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LNC RSI Chart

LNC Valuation

Market Cap

4.6B

Price/Earnings (Trailing)

-6.06

Price/Sales (Trailing)

0.39

EV/EBITDA

-1.46

Price/Free Cashflow

-2.2

LNC Price/Sales (Trailing)

LNC Profitability

EBT Margin

-9.86%

Return on Equity

-10.91%

Return on Assets

-0.2%

Free Cashflow Yield

-45.53%

LNC Fundamentals

LNC Revenue

Revenue (TTM)

11.6B

Rev. Growth (Yr)

-81.8%

Rev. Growth (Qtr)

-83.37%

LNC Earnings

Earnings (TTM)

-752.0M

Earnings Growth (Yr)

-252.09%

Earnings Growth (Qtr)

-244.78%

Breaking Down LNC Revenue

Last 7 days

-8.4%

Last 30 days

-1.2%

Last 90 days

-0.4%

Trailing 12 Months

25.5%

How does LNC drawdown profile look like?

LNC Financial Health

LNC Investor Care

Dividend Yield

6.7%

Dividend/Share (TTM)

1.8

Shares Dilution (1Y)

0.26%

Diluted EPS (TTM)

-4.94

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
2023	17.9B	15.3B	14.8B	11.6B
2022	20.0B	20.8B	20.2B	18.8B
2021	17.5B	18.9B	18.8B	19.9B
2020	17.7B	16.9B	17.6B	17.4B
2019	16.8B	17.1B	17.4B	17.3B
2018	14.4B	14.8B	15.6B	16.4B
2017	13.6B	13.9B	13.8B	14.3B
2016	13.5B	13.4B	13.2B	13.3B
2015	13.7B	13.8B	14.1B	13.6B
2014	12.3B	12.6B	13.0B	13.6B
2013	11.7B	11.8B	11.8B	12.0B
2012	10.6B	10.7B	11.1B	11.5B
2011	10.6B	10.8B	10.7B	10.6B
2010	8.9B	9.6B	10.1B	10.4B
2009	9.0B	8.4B	8.2B	8.5B
2008	0	9.5B	9.4B	9.2B
2007	0	0	0	9.6B

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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Lincoln National Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 22, 2024	reid james waltman	acquired	-	-	1,849	evp, pres. workplace solutions
Feb 21, 2024	beazer craigt t	acquired	-	-	27,799	evp & general counsel
Feb 21, 2024	cooper ellen	acquired	-	-	128,985	president & ceo
Feb 21, 2024	reid james waltman	acquired	-	-	42,625	evp, pres. workplace solutions
Feb 21, 2024	rallis andrew	acquired	-	-	45,405	evp, chief risk officer
Feb 21, 2024	neczypor christopher m	acquired	-	-	48,184	evp & cfo
Feb 21, 2024	cohen adam m	acquired	-	-	9,677	cao
Feb 21, 2024	grove matthew	acquired	-	-	48,184	evp, pres. retail solutions
Feb 21, 2024	kennedy john christopher	acquired	-	-	21,498	evp, president lfd
Feb 21, 2024	woodroffe sean	acquired	-	-	29,652	evp, ch ppl culture comms offf

Which funds bought or sold LNC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 17, 2024	BARRETT & COMPANY, INC.	unchanged	-	5,952	38,316	0.02%
Apr 17, 2024	Annapolis Financial Services, LLC	unchanged	-	1,240	7,983	-%
Apr 17, 2024	ATTICUS WEALTH MANAGEMENT, LLC	reduced	-48.45	-5,097	7,986	-%
Apr 17, 2024	GRIMES & COMPANY, INC.	new	-	209,699	209,699	0.01%
Apr 17, 2024	NEW MEXICO EDUCATIONAL RETIREMENT BOARD	new	-	632,000	632,000	0.02%
Apr 16, 2024	GUYASUTA INVESTMENT ADVISORS INC	unchanged	-	-	728,190	0.05%
Apr 16, 2024	Register Financial Advisors LLC	added	32.69	250,780	689,986	0.36%
Apr 16, 2024	TOTH FINANCIAL ADVISORY CORP	unchanged	-	5,431	34,964	-%
Apr 16, 2024	Stratos Wealth Partners, LTD.	added	1.41	203,642	1,218,930	0.02%
Apr 16, 2024	180 WEALTH ADVISORS, LLC	added	4.98	84,135	454,791	0.08%

Are Funds Buying or Selling LNC?

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

Unveiling Lincoln National Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	12.78%	21,679,493	SC 13G/A
Jan 24, 2024	blackrock inc.	9.6%	16,334,997	SC 13G/A
Jan 22, 2024	state street corp	3.77%	6,403,200	SC 13G/A
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

Recent SEC filings of Lincoln National Corp

View All Filings

Date Filed	Form Type	Document
Apr 11, 2024	ARS	ARS
Apr 11, 2024	DEF 14A	DEF 14A
Apr 11, 2024	DEFA14A	DEFA14A
Apr 09, 2024	FWP	Prospectus Filed
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading

Peers (Alternatives to Lincoln National Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.2B	-1.03%	3157.55%	-4.8K	765.85	-10.27%	-34.69%
AJG	50.7B	10.1B	-9.17%	11.52%	52.27	5.04	17.79%	-12.97%
AIG	49.7B	46.8B	-3.62%	38.41%	13.64	1.06	-14.05%	-64.38%
TRV	48.2B	42.9B	-6.89%	20.14%	15.36	1.12	13.52%	12.15%
AFL	46.7B	18.7B	-5.02%	19.97%	10.03	2.5	-2.30%	5.45%
ACGL	34.2B	13.6B	-0.83%	25.45%	7.7	2.51	41.83%	201.02%
AFG	10.5B	7.8B	-4.34%	1.10%	12.32	1.34	11.18%	-5.12%
MID-CAP
UNM	9.6B	12.4B	-3.39%	21.63%	7.48	0.78	3.35%	-8.77%
AIZ	8.9B	11.1B	-4.66%	45.05%	13.82	0.8	9.21%	132.28%
LNC	4.6B	11.6B	-1.18%	25.53%	-6.06	0.39	-38.09%	-155.38%
AEL	4.4B	2.8B	-1.13%	46.23%	20.8	1.54	100.59%	-89.04%
SMALL-CAP
BRP	1.6B	1.2B	-10.23%	2.92%	-17.88	1.32	24.25%	-115.79%
AMSF	955.4M	306.9M	-2.89%	-6.99%	15.38	3.11	4.11%	11.70%
AMBC	633.6M	269.0M	-3.56%	-7.68%	140.81	2.36	-46.68%	-99.14%
AAME	40.0M	186.8M	-25.75%	-16.03%	-233.85	0.21	-0.56%	-111.21%

Lincoln National Corp News

Latest updates

Lincoln National Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-83.4%	699	4,203	2,929	3,814	3,841	4,672	5,577	4,720	5,229	5,238	4,862	4,533	4,135	5,361	3,517	4,425	4,344	4,638	4,310	3,965	4,531
EBITDA Margin	-233.1%	-0.07*	0.05*	-0.16*	-0.11*	0.05*	0.09*	0.21*	0.20*	0.13*	0.09*	0.10*	0.05*	-	-	-	-	-	-	-	-	-
Interest Expenses	-4.2%	81.00	84.00	84.00	83.00	78.00	71.00	68.00	66.00	67.00	73.00	65.00	65.00	66.00	66.00	84.00	68.00	72.00	113	70.00	71.00	69.00
Income Taxes	-309.4%	-379	181	91.00	-289	-37.00	-350	192	353	146	50.00	131	35.00	-53.50	62.00	-67.00	-18.00	49.00	-89.00	58.00	16.00	68.00
Earnings Before Taxes	-256.1%	-1,614	1,034	602	-1,170	-16.00	-2,126	1,032	1,835	854	366	776	254	90.00	460	-161	34.00	481	-250	421	268	467
EBT Margin	-423.9%	-0.10*	0.03*	-0.18*	-0.13*	0.04*	0.08*	0.20*	0.19*	0.11*	0.08*	0.08*	0.04*	-	-	-	-	-	-	-	-	-
Net Income	-244.8%	-1,235	853	511	-881	812	-1,776	840	1,482	708	316	645	219	143	398	-94.00	52.00	431	-161	363	252	399
Net Income Margin	-173.7%	-0.06*	0.09*	-0.09*	-0.06*	0.07*	0.06*	0.16*	0.16*	0.10*	0.07*	0.07*	0.04*	-	-	-	-	-	-	-	-	-
Free Cashflow	-4160.9%	-1,868	46.00	522	-774	594	650	1,889	476	-342	338	410	-623	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	10.0%	372,413	338,411	348,612	343,142	334,331	324,174	335,346	365,538	394,750	376,896	379,878	366,573	365,948	347,804	339,659	318,649	334,761	325,278	322,259	314,299	298,147
Cash Equivalents	33.1%	3,365	2,529	3,768	3,766	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	1,708	2,595	4,201	6,202	2,563	2,939	3,314	1,593	2,345
Goodwill	0%	1,144	1,144	1,144	1,144	1,144	1,144	1,778	1,778	1,778	1,778	1,778	1,778	1,778	1,778	1,778	1,778	1,778	1,778	1,778	1,778	1,782
Liabilities	9.0%	365,520	335,212	342,793	336,410	329,229	321,506	325,692	350,354	374,835	355,731	358,136	346,986	343,249	326,255	318,928	302,074	315,072	305,279	303,804	297,882	283,797
Shareholder's Equity	115.5%	6,893	3,199	5,819	6,732	5,102	2,783	7,065	6,354	19,915	21,165	21,742	19,587	5,082	21,549	5,081	3,004	5,162	19,999	5,241	2,453	8,551
Retained Earnings	-21.7%	4,778	6,102	5,362	4,940	5,924	6,762	9,445	9,346	5,196	9,360	9,242	8,769	8,686	8,647	8,327	8,500	8,854	8,559	8,878	8,679	8,551
Shares Outstanding	0.0%	170	170	170	170	169	169	170	172	177	186	189	191	-	-	-	-	-	-	-	-	-
Float	-	-	-	3,800	-	-	-	7,000	-	-	-	10,500	-	-	-	6,200	-	-	-	11,400	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-4160.9%	-1,868	46.00	522	-774	594	650	1,889	476	-342	338	410	-623	193	-630	516	455	171	-295	-1,231	-1,331	909
Cashflow From Investing	50.3%	-714	-1,438	-857	-325	-1,783	-3,115	-4,608	-2,140	-1,131	-917	-805	-731	-3,036	-3,081	-4,106	742	-3,214	-2,226	1,074	-1,133	-1,575
Cashflow From Financing	2134.0%	3,418	153	337	1,522	3,060	2,370	2,326	1,012	1,471	804	1,434	996	1,956	2,105	1,589	2,442	2,667	2,146	1,878	1,712	1,551
Dividend Payments	0%	76.00	76.00	76.00	77.00	76.00	77.00	78.00	79.00	78.00	80.00	81.00	80.00	78.00	77.00	77.00	79.00	76.00	74.00	76.00	77.00	72.00
Buy Backs	-	-	-	-	-	39.00	23.00	49.00	400	736	119	59.00	105	50.00	-	-	225	178	84.00	60.00	150	625

LNC Income Statement

2023-12-31

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Insurance premiums	$ 3,672	$ 6,087	$ 5,617
Fee income	5,467	5,603	6,039
Net investment income	5,879	5,515	6,111
Realized gain (loss)	(4,311)	840	(867)
Amortization of deferred gain (loss) on business sold through reinsurance	38	42	38
Other revenues	900	723	777
Total revenues	11,645	18,810	17,715
Expenses
Benefits	6,138	8,479	8,503
Interest credited	3,248	2,877	2,929
Market risk benefit (gain) loss	(2,264)	(3,246)	(3,753)
Policyholder liability remeasurement (gain) loss	(152)	2,766	(183)
Commissions and other expenses	5,339	5,125	5,219
Interest and debt expense	331	283	270
Spark program expense	153	167	87
Impairment of intangibles	0	634	0
Total expenses	12,793	17,085	13,072
Income (loss) before taxes	(1,148)	1,725	4,643
Federal income tax expense (benefit)	(396)	367	865
Net income (loss)	(752)	1,358	3,778
Unrealized investment gain (loss)	3,715	(18,059)	(3,287)
Market risk benefit non-performance risk gain (loss)	(671)	(210)	(923)
Policyholder liability discount rate remeasurement gain (loss)	(160)	2,012	591
Foreign currency translation adjustment	8	(20)	(2)
Funded status of employee benefit plans	(16)	(59)	47
Total other comprehensive income (loss), net of tax	2,876	(16,336)	(3,574)
Comprehensive income (loss)	$ 2,124	$ (14,978)	$ 204
Net Income (Loss) Per Common Share
Basic (in dollars per share)	$ (4.92)	$ 7.93	$ 20.17
Diluted (in dollars per share)	(4.92)	7.78	19.96
Cash Dividends Declared Per Preferred Share (in dollars per share)	4,098.44	0
Cash Dividends Declared Per Common Share (in dollars per share)	1.80	1.80	1.71
Series C Preferred Stock
Net Income (Loss) Per Common Share
Cash Dividends Declared Per Preferred Share (in dollars per share)	1,792.19	0	0
Series D Preferred Stock
Net Income (Loss) Per Common Share
Cash Dividends Declared Per Preferred Share (in dollars per share)	$ 2,306.25	$ 0	$ 0

LNC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Investments:
Fixed maturity available-for-sale securities, at fair value	$ 88,738	$ 99,736
Trading securities	2,359	3,498
Equity securities	306	427
Mortgage loans on real estate, net of allowance for credit losses	18,963	18,301
Policy loans	2,476	2,359
Derivative investments	6,474	3,594
Other investments	5,015	3,739
Total investments	124,331	131,654
Cash and invested cash	3,365	3,343
Deferred acquisition costs, value of business acquired and deferred sales inducements	12,397	12,235
Reinsurance recoverables, net of allowance for credit losses	29,843	19,953
Deposit assets, net of allowance for credit losses	28,789	11,628
Market risk benefit assets	3,894	2,807
Accrued investment income	1,082	1,253
Goodwill	1,144	1,144
Other assets	9,311	6,778
Separate account assets	158,257	143,536
Total assets	372,413	334,331
Liabilities
Policyholder account balances	120,737	114,435
Future contract benefits	39,864	38,826
Funds withheld reinsurance liabilities	17,641	5,740
Market risk benefit liabilities	1,716	2,078
Deferred front-end loads	5,901	5,091
Payables for collateral on investments	8,105	6,712
Short-term debt	250	500
Long-term debt	5,699	5,955
Other liabilities	7,350	6,356
Separate account liabilities	158,257	143,536
Total liabilities	365,520	329,229
Contingencies and Commitments (See Note 18)
Stockholders’ Equity
Common stock	4,605	4,544
Retained earnings	4,778	5,924
Accumulated other comprehensive income (loss)	(3,476)	(6,352)
Total stockholders’ equity	6,893	5,102
Total liabilities and stockholders’ equity	372,413	334,331
Series C Preferred Stock
Stockholders’ Equity
Preferred stock	493	493
Series D Preferred Stock
Stockholders’ Equity
Preferred stock	$ 493	$ 493

About Lincoln National Corp

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 company's 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. Its Annuities segment offers fixed, variable, and indexed variable annuities. The company's Group Protection segment offers group non-medical insurance products including 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. Its Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; 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 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 headquartered in Radnor, Pennsylvania.

CEO	Ms. Ellen Gail Cooper C.F.A., F.S.A.
WEBSITE	lfg.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	11316

Lincoln National Corp Frequently Asked Questions

What is the ticker symbol for Lincoln National Corp? What does LNC stand for in stocks?

LNC is the stock ticker symbol of Lincoln National Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Lincoln National Corp (LNC)?

As of Wed Apr 17 2024, market cap of Lincoln National Corp is 4.56 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of LNC stock?

You can check LNC's fair value in chart for subscribers.

What is the fair value of LNC stock?

You can check LNC's fair value in chart for subscribers. The fair value of Lincoln National Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Lincoln National Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for LNC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Lincoln National Corp a good stock to buy?

The fair value guage provides a quick view whether LNC is over valued or under valued. Whether Lincoln National Corp is cheap or expensive depends on the assumptions which impact Lincoln National Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for LNC.

What is Lincoln National Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, LNC's PE ratio (Price to Earnings) is -6.06 and Price to Sales (PS) ratio is 0.39. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. LNC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Lincoln National Corp's stock?

In the past 10 years, Lincoln National Corp has provided -0.033 (multiply by 100 for percentage) rate of return.