Lincoln National Corp LNC Stock Analysis
- NYSE
- Stock
- Market closed · opens Monday 9:30 AM ET
$39.83 down $0.18, 0.45% at close Oct 16
Last close · Previous close $40.01
- Market cap
- At the Oct 16 close
- P/E ratio
- 3.40On last 12 months’ EPS
- Diluted EPS
- $11.70Last 12 months
- Dividend yield
- 4.52%Last 12 months
Price chart
$39.83down $0.18, 0.45%Fri, Oct 16 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$40.01Oct 15
- Volume1.81MOct 16 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume2.03MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $32.18 to $47.67; now $39.83
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Oct 16 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
LNC beat the S&P 500 in 1 of 7 periods.
| Period | LNC and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | LNC: down 5.1% S&P 500: up 1.5% | LNC trailed the S&P 500 by 6.6 percentage points Trailed |
| 3M | LNC: down 3.8% S&P 500: up 1.9% | LNC trailed the S&P 500 by 5.7 percentage points Trailed |
| YTD | LNC: down 6.3% S&P 500: up 12.8% | LNC trailed the S&P 500 by 19.1 percentage points Trailed |
| 1Y | LNC: up 9.7% S&P 500: up 16.8% | LNC trailed the S&P 500 by 7.1 percentage points Trailed |
| Long term | ||
| 3Y | LNC: up 94.7% S&P 500: up 81.5% +24.9% vs +22.0% a year | LNC beat the S&P 500 by 13.2 percentage points Beat |
| 5Y | LNC: down 28.2% S&P 500: up 83.1% −6.4% vs +12.9% a year | LNC trailed the S&P 500 by 111.3 percentage points Trailed |
| 10Y | LNC: up 20.8% S&P 500: up 319.6% +1.9% vs +15.4% a year | LNC trailed the S&P 500 by 298.8 percentage points Trailed |
$10,000 invested in LNC 10 years ago (Oct 14, 2016) would be worth about $12,083 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,964.
LNC trailed the S&P 500 in all 7 periods.
| Period | LNC and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | LNC: down 6.2% S&P 500: up 1.2% | LNC trailed the S&P 500 by 7.4 percentage points Trailed |
| 3M | LNC: down 4.9% S&P 500: up 1.7% | LNC trailed the S&P 500 by 6.6 percentage points Trailed |
| YTD | LNC: down 10.6% S&P 500: up 11.9% | LNC trailed the S&P 500 by 22.5 percentage points Trailed |
| 1Y | LNC: up 4.7% S&P 500: up 15.5% | LNC trailed the S&P 500 by 10.8 percentage points Trailed |
| Long term | ||
| 3Y | LNC: up 65.8% S&P 500: up 75.0% +18.4% vs +20.5% a year | LNC trailed the S&P 500 by 9.2 percentage points Trailed |
| 5Y | LNC: down 44.9% S&P 500: up 71.2% −11.2% vs +11.4% a year | LNC trailed the S&P 500 by 116.1 percentage points Trailed |
| 10Y | LNC: down 18.5% S&P 500: up 258.1% −2.0% vs +13.6% a year | LNC trailed the S&P 500 by 276.6 percentage points Trailed |
$10,000 invested in LNC 10 years ago (Oct 14, 2016) would be worth about $8,145 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,813.
All-time high
$85.91
Closing high on . Now 53.6% below that record.
Split-adjusted daily closes since Oct 5, 1984.
Stock splits
2
Latest: 2-for-1 on . One share bought before the first split is 4 shares today.
Both splits
- 2-for-1
- 2-for-1
Valuation
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q2 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $19.33Bup 46.2%
- Net income
- $2.36Bup 27.0%
- Diluted EPS
- $11.70up 15.0%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q3 FY24 (Sep 30, 2024) | $4.11B | −$528.00M | −$3.29 |
| Q4 FY24 (Dec 31, 2024) | $5.06B | $1.69B | $9.66 |
| Q1 FY25 (Mar 31, 2025) | $4.69B | −$722.00M | −$4.41 |
| Q2 FY25 (Jun 30, 2025) | −$647.00M | $1.42B | $8.21 |
| Q3 FY25 (Sep 30, 2025) | $4.56B | $445.00M | $2.12 |
| Q4 FY25 (Dec 31, 2025) | $4.92B | $754.00M | $3.96 |
| Q1 FY26 (Mar 31, 2026) | $5.31B | −$172.00M | −$1.10 |
| Q2 FY26 (Jun 30, 2026) | $4.54B | $1.33B | $6.72 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $17.72B | $3.78B | $19.96 |
| FY22 (Dec 31, 2022) | $18.81B | $1.36B | $7.78 |
| FY23 (Dec 31, 2023) | $11.65B | −$752.00M | −$4.92 |
| FY24 (Dec 31, 2024) | $18.44B | $3.28B | $18.41 |
| FY25 (Dec 31, 2025) | $18.21B | $1.18B | $5.83 |
Margins
- Gross 16.3%
- Operating 16.3%
- Net 12.2%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- −$1.33BLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow−$1.33BLast 12 months
- Capital spending$0.00Last 12 months
- −6.9%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $0.00Last 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$344.00MLast 12 months
- Total returned$344.00MLast 12 months
Balance sheet
- Not reportedAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$6.87BAs of Jun 30, 2026
- 0.60As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 22.0%Last 12 months
Over the last 12 months, Lincoln National’s net income was 22.0% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 0.6%Last 12 months
Over the last 12 months, Lincoln National’s net income was 0.6% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $1.00 |
| 2017 | $1.16 |
| 2018 | $1.32 |
| 2019 | $1.48 |
| 2020 | $1.60 |
| 2021 | $1.68 |
| 2022 | $1.80 |
| 2023 | $1.80 |
| 2024 | $1.80 |
| 2025 | $1.80 |
| 2026 (to date) | $1.80 |
Dividend details
- $1.80Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- Dividend yield4.52%Last 12 months
- $0.45Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly4 payments in the last 12 months
- up 2.4% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 15.4%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Lincoln National Corp
Lincoln Financial helps people to plan, protect and retire with confidence. As of December 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of September 30, 2024, the company had $324 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial is the marketing name for Lincoln National Corporation and its affiliates.
- Sector
- Financial Services
- Industry
- Insurance - Life
- Headquarters
- Pennsylvania, USA
- Website
- lfg.com (opens in a new tab)
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
LNC news
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LNC stock FAQ
What is LNC stock’s price today?
Lincoln National (LNC) traded at $39.83 at the close on , down $0.18 (0.45%) from the previous close of $40.01. Over the past 52 weeks it has traded between $32.18 and $47.67.
If you invested $1,000 in LNC 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in LNC on would be worth about $1,208 at the close on , a total return of +20.8%. The same $1,000 would be worth $718 if invested five years ago, $1,097 if invested one year ago, $1,091 if invested 20 years ago, and $4,026 if invested 30 years ago. Past performance doesn’t predict future returns.
What is LNC’s P/E ratio?
LNC trades at 3.4 times its diluted earnings over the four quarters to ($11.70 per share), at the close. (How the P/E ratio works.)
How much revenue does Lincoln National make?
Lincoln National reported $19.3 billion of revenue over the four quarters to , up 46.2% from the twelve months before. In its latest quarter (Q2 FY26, ended ) revenue was $4.5 billion, down 802.0% from a year earlier.
Is Lincoln National profitable?
Yes. Lincoln National earned $2.4 billion of net income over the four quarters to , a net margin of 12.2%, and its operating margin was 16.3% (what margins tell you).
What are LNC’s earnings per share?
LNC’s diluted earnings per share were $11.70 over the four quarters to , compared with $10.17 in the twelve months before. The latest quarter (Q2 FY26) brought $6.72 per share, against $8.21 a year earlier (how EPS works).
Does LNC pay a dividend?
Yes. Lincoln National pays a quarterly dividend. The most recent was $0.45 per share, with an ex-dividend date of . Over the last twelve months it paid $1.80 per share, a 4.52% yield at the close (how dividend yield works).
Based on the last 12 months’ payments ($1.80 per share), and if the next 12 months match the last 12, 100 shares would receive about $180 over 12 months, and $1,000 over 12 months would take about 556 shares, roughly $22,145 at the close. Dividends can change.
What is LNC’s 52-week high and low?
Over the past 52 weeks LNC has traded as low as $32.18 and as high as $47.67. At $39.83 at the close on , it is 16.4% below that high and 23.8% above the low.
What is LNC’s all-time high?
LNC’s highest closing price was $85.91 on , adjusted for stock splits. At $39.83 at the close on , it is 53.6% below that record.
Has LNC stock ever split?
Yes, twice: 2-for-1 on ; 2-for-1 on . One share bought before the first split would be 4 shares today.
How has LNC stock performed?
Including dividends and measured to the close on , LNC has returned −6.3% so far this year and +9.7% over the past year, and −28.2% over five years (−6.4% a year). Over the same periods the S&P 500, measured by SPY, returned +12.8%, +16.8% and +83.1%. Past performance doesn’t predict future returns.
What sector and industry is Lincoln National in?
Lincoln National is in the Financial Services sector and the Insurance - Life industry, and is headquartered in Pennsylvania, USA.
What exchange does LNC trade on?
Lincoln National trades on the NYSE under the ticker symbol LNC. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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