Lincoln National Corp (LNC)

Over the past six months, Lincoln National Corp.'s stock has experienced notable events, including a 0.95% increase over the past 30 days and a 12.45% increase over the past 12 months as of November 18, 2025. The company reported adjusted operating income of $397 million in Q3 2025, with annuities sales reaching $4.5 billion. Analyst ratings are mixed, with a consensus "Hold" rating and an average target price of $42.82. The Board of Directors declared a quarterly cash dividend of $0.45 per share.

There are indications of seasonality in the demand for Lincoln National Corp.'s products and services. Management has acknowledged seasonal expense increases and plan terminations in Retirement Plan Services, which are expected to put pressure on fourth-quarter flows. Lower ending account balances and fewer fee days in the annuities business are anticipated to result in lower earnings in the first quarter relative to the fourth quarter.

Lincoln National Corporation, operating as Lincoln Financial Group, is an American holding company involved in insurance and investment management. It operates in the Financials sector, specifically in the Insurance - Life industry, with core business segments including Annuities, Life Insurance, Group Protection, and Retirement Plan Services. Major products include annuities for tax-deferred investment growth, life insurance products such as term life and universal life, group non-medical insurance products, and retirement plan solutions for employers and employees.

Lincoln National Corporation is headquartered in Radnor, Pennsylvania, and primarily operates in the United States. Its services and products are distributed through financial intermediaries, with a strong presence and focus within the U.S. market.

In 2025, Lincoln National Corporation was ranked #1 in the Insurance: Life & Health industry for "superior brand trust." The company has been focused on strategic pivots to boost its capital base and improve earnings stability, and has introduced initiatives like digital transformation and product enhancements.

Lincoln National Corp. has a diverse ownership structure, with institutional investors holding approximately 53.92% of the stock, insiders owning about 0.84%, and public companies and individual investors holding around 45.24%. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and State Street Corp.