LNC

LINCOLN NATIONAL CORP

NYSE · Life Insurance · Inc. IN · CIK 0000059558
$37.30 +1.91% $7.1B
Insider Selling Cluster (2 insiders)19 New Institutional Positions20 Institutional Exits
Vol
Market Cap$7.1B
Cap SizeMid Cap
Analyst ConsensusHold (42%)
Inst. Holders50 funds
Inst. Value$3.4B
Inst. Activity19 buys / 20 sells
Insider Activity1B / 3S
Insider Net $-$1.5M
SEC Reports6
Exchange NYSE·Sector Life Insurance·Inc. IN·CIK 0000059558·Prev Close $36.60

Recent Activity

Jun 10, 2026 SEC
The Third Circuit affirmed the District Court's summary judgment in favor of Lincoln National Life Insurance Co., ruling
COURT-RULING — Impact 6/10
Jun 10, 2026 short_volume
Short Volume: LNC — 67.6% short (0.4M / 0.6M)
Short: 386,408 | Exempt: 0 | TRF Vol: 571,270 | Short Ratio: 67.6% | Off-exchange volume (dark pool
Jun 10, 2026 Event
Lincoln National Life Insurance Co v. Retirement Value LLC
Court ruling from Court of Appeals for the Third Circuit. Docket: 24-2663
Jun 1, 2026 Insider
Woodroffe Sean sold 25,000 shares
EVP, Ch Ppl Comms Ent Srvc Off @ $34.75 ($868.8K)
Jun 1, 2026 Insider
Rallis Andrew surrendered for taxes 20,052 shares
EVP, Chief Risk Officer @ $34.63 ($694.4K)
May 24, 2026 Insider
Woodroffe Sean surrendered for taxes 45,150 shares
EVP, Ch Ppl Comms Ent Srvc Off @ $36.03 ($1.6M)
May 7, 2026 SEC
Lincoln National reported Q1 2026 adjusted operating income of $326M ($1.66/share), up 16% YoY, with revenues of $5.31B
8-K — Impact 6/10
Apr 16, 2026 SEC
Brian Kroll, Executive Vice President and Head of Retail Life and Annuity Solutions at Lincoln National Corporation, ann
8-K — Impact 3/10

Price Targets

$42.58 +14.2% upside Buy
Current $37.30 Low $33.00 Median $41.00 High $56.00 12 analysts
$33.00 $56.00

Analyst Ratings

Hold42% buy · 19 analysts
2Strong Buy
6Buy
9Hold
1Sell
1Strong Sell
Recent Analyst Actions
DateFirmActionRating
May 21, 2026 Morgan Stanley MAINTAIN Overweight → Overweight
May 13, 2026 Keefe, Bruyette & Woods MAINTAIN Outperform → Outperform
May 12, 2026 Evercore ISI Group MAINTAIN In-Line → In-Line
May 12, 2026 Wells Fargo MAINTAIN Overweight → Overweight
May 7, 2026 JP Morgan MAINTAIN Underweight → Underweight

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $2.03 ▼ -3.4% $1.65 — $2.19 -14% YoY 13
Next Q $2.02 ▲ +1.0% $1.83 — $2.20 -1% YoY 12
Current FY $7.73 $7.49 — $7.90 -6% YoY 12
Next FY $8.33 ▼ -1.3% $8.00 — $8.79 8% YoY 13

Latest Reports

BULLISH COURT-RULING 6/10
The Third Circuit affirmed the District Court's summary judgment in favor of Lincoln National Life Insurance Co., ruling
Jun 10, 2026
BULLISH 8-K 6/10
Lincoln National reported Q1 2026 adjusted operating income of $326M ($1.66/share), up 16% YoY, with revenues of $5.31B
May 7, 2026

Top Institutional Holders

FundValueMove
BlackRock, Inc.$656.7M—
VANGUARD PORTFOLIO MANAGEMENT LLC$369.5M—
VANGUARD CAPITAL MANAGEMENT LLC$293.6M—
DIMENSIONAL FUND ADVISORS LP$275.3M—
MASSACHUSETTS FINANCIAL SERVICES CO$209.8M—

Recent Insider Trades

DateInsiderTypeValue
Jun 1, 2026Woodroffe SeanSELL$868.8K
Jun 1, 2026Rallis AndrewF$694.4K
May 24, 2026Woodroffe SeanF$1.6M
May 24, 2026Rallis AndrewF$1.2M
May 24, 2026Kennedy JohnF$857.6K
50 institutional holders with $3.4B total value (95,845,934 shares) as of 2026-Q1. Top holders: BlackRock,, VANGUARD, VANGUARD. Net selling activity: 20 institutions trimmed/exited vs 19 added.

Top Institutional Holders — 2026-Q1

#FundSharesValue% of TrackedLast Move
1BlackRock, Inc.18,498,104$656.7M19.3%—
2VANGUARD PORTFOLIO MANAGEMENT LLC10,409,654$369.5M10.9%—
3VANGUARD CAPITAL MANAGEMENT LLC8,270,901$293.6M8.6%—
4DIMENSIONAL FUND ADVISORS LP7,755,506$275.3M8.1%—
5MASSACHUSETTS FINANCIAL SERVICES CO /MA/5,881,332$209.8M6.2%—
6STATE STREET CORP5,891,295$209.1M6.1%—
7JENNISON ASSOCIATES LLC3,823,152$135.7M4.0%ADD +58.7%
8MORGAN STANLEY3,692,842$131.1M3.8%—
9CHARLES SCHWAB INVESTMENT MANAGEMENT INC2,135,814$75.8M2.2%—
10FIRST TRUST ADVISORS LP2,128,355$75.6M2.2%TRIM -55.5%
11BALYASNY ASSET MANAGEMENT L.P.2,085,619$74.0M2.2%ADD +90.2%
12JUPITER ASSET MANAGEMENT LTD1,796,671$63.8M1.9%DOUBLED +151.1%
13GOLDMAN SACHS GROUP INC1,785,407$63.4M1.9%—
14Invesco Ltd.1,541,270$54.7M1.6%—
15HSBC HOLDINGS PLC1,499,854$53.2M1.6%—
16VICTORY CAPITAL MANAGEMENT INC1,465,981$52.0M1.5%ADD +82.4%
17BANK OF AMERICA CORP /DE/1,428,845$50.7M1.5%—
18VANGUARD FIDUCIARY TRUST CO1,067,314$37.9M1.1%—
19SUSQUEHANNA INTERNATIONAL GROUP, LLP834,600$29.6M0.9%—
20CITADEL ADVISORS LLC769,829$27.3M0.8%—

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
FIRST TRUST ADVISORS LPTRIM4,784,3702,128,355-55.5%$75.6M2026-Q1
JUPITER ASSET MANAGEMENT LTDDOUBLED715,6331,796,671+151.1%$63.8M2026-Q1
VICTORY CAPITAL MANAGEMENT INCADD803,8291,465,981+82.4%$52.0M2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIPDOUBLED112,156683,040+509.0%$24.2M2026-Q1
CAISSE DE DEPOT ET PLACEMENT DU QUEBECNEW—530,251—$18.8M2026-Q1
Hudson Bay Capital Management LPADD380,224487,155+28.1%$17.3M2026-Q1
Allianz Asset Management GmbHNEAR_EXIT868,881200,801-76.9%$7.1M2026-Q1
COMMONWEALTH EQUITY SERVICES, LLCADD148,514190,592+28.3%$6.8M2026-Q1
Gotham Asset Management, LLCTRIM304,861140,126-54.0%$5.0M2026-Q1
FIFTH THIRD BANCORPDOUBLED26,359103,301+291.9%$3.7M2026-Q1
CAPTRUST FINANCIAL ADVISORSADD62,562101,155+61.7%$3.6M2026-Q1
SCHRODER INVESTMENT MANAGEMENT GROUPTRIM148,19191,294-38.4%$3.1M2026-Q1
Mitsubishi UFJ Trust & Banking CorpTRIM121,80684,920-30.3%$3.0M2026-Q1
CAPITAL FUND MANAGEMENT S.A.ADD58,97776,562+29.8%$2.7M2026-Q1
HighTower Advisors, LLCADD40,46159,087+46.0%$2.1M2026-Q1
O'SHAUGHNESSY ASSET MANAGEMENT, LLCTRIM72,76453,528-26.4%$1.9M2026-Q1
Cerity Partners LLCTRIM119,29643,750-63.3%$1.6M2026-Q1
AmundiNEAR_EXIT425,47441,545-90.2%$1.5M2026-Q1
STATE OF WISCONSIN INVESTMENT BOARDADD30,12441,102+36.4%$1.5M2026-Q1
EXCHANGE TRADED CONCEPTS, LLCTRIM111,00540,797-63.2%$1.4M2026-Q1
Grantham, Mayo, Van Otterloo & Co. LLCADD20,01830,550+52.6%$1.1M2026-Q1
Independent Advisor AllianceADD22,47030,069+33.8%$1.1M2026-Q1
Pinnacle Financial Partners, Inc.DOUBLED5,10829,411+475.8%$1.0M2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLCTRIM35,34026,311-25.5%$917.7K2026-Q1
MARSHALL WACE, LLPNEAR_EXIT980,95323,244-97.6%$825.2K2026-Q1
21 unique insiders with 44 transactions. Net insider value: -$1.5M ($9.8K bought, $1.5M sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Jun 1, 2026Woodroffe SeanEVP, Ch Ppl Comms Ent Srvc OffSELL25,000$34.75$868.8K
Jun 1, 2026Rallis AndrewEVP, Chief Risk OfficerTAX W/H20,052$34.63$694.4K
May 24, 2026Woodroffe SeanEVP, Ch Ppl Comms Ent Srvc OffTAX W/H45,150$36.03$1.6M
May 24, 2026Rallis AndrewEVP, Chief Risk OfficerTAX W/H32,281$36.03$1.2M
May 24, 2026Kennedy John ChristopherEVP, Chief Dist. & Brand OffTAX W/H23,801$36.03$857.6K
Mar 31, 2026LeFebvre DaleDirectorAWARD1,267.61$35.50$45.0K
Mar 31, 2026Morris James TDirectorAWARD1,267.61$35.50$45.0K
Mar 31, 2026Ryan OwenDirectorAWARD1,267.61$35.50$45.0K
Mar 31, 2026CUNNINGHAM WILLIAM H DRDirectorAWARD1,690.14$35.50$60.0K
Mar 31, 2026Connelly Deirdre PDirectorAWARD1,267.61$35.50$45.0K
Mar 31, 2026JOHNSON ERIC GDirectorAWARD1,267.61$35.50$45.0K
Mar 31, 2026KELLY GARY CDirectorAWARD1,267.61$35.50$45.0K
Mar 31, 2026LACHMAN M LEANNEDirectorAWARD1,267.61$35.50$45.0K
Mar 31, 2026Davis Reginald EDirectorAWARD1,267.61$35.50$45.0K
Mar 13, 2026Charters JenniferEVP, Chief Information OfficerBUY300$32.61$9.8K
Mar 9, 2026Woodroffe SeanEVP, Ch Ppl Comms Ent Srvc OffSELL8,000$32.74$261.9K
Mar 2, 2026Woodroffe SeanEVP, Ch Ppl Comms Ent Srvc OffSELL10,000$34.46$344.6K
Feb 27, 2026Woodroffe SeanEVP, Ch Ppl Comms Ent Srvc OffI10,204.08$34.30$350.0K
Feb 19, 2026Reid James WaltmanEVP, Pres. Workplace SolutionsAWARD42,810——
Feb 19, 2026Reid James WaltmanEVP, Pres. Workplace SolutionsTAX W/H20,697$40.10$829.9K
Feb 19, 2026Woodroffe SeanEVP, Ch Ppl Culture Comms OffAWARD53,368——
Feb 19, 2026Woodroffe SeanEVP, Ch Ppl Culture Comms OffTAX W/H19,037$40.10$763.4K
Feb 19, 2026Charters JenniferEVP, Chief Information OfficerAWARD18,704——
Feb 19, 2026Beazer CraigT TEVP & General CounselAWARD30,142——
Feb 19, 2026Beazer CraigT TEVP & General CounselTAX W/H11,413$40.10$457.7K
Feb 19, 2026Cohen Adam MCAOAWARD8,266——
Feb 19, 2026Cohen Adam MCAOTAX W/H2,272$40.10$91.1K
Feb 19, 2026Morriss John GEVP, Chief Investment OfficerAWARD13,716——
Feb 19, 2026Kroll BrianEVP, Head of Life & AnnuitiesAWARD20,574——
Feb 19, 2026Neczypor Christopher MEVP & CFOAWARD48,925——
Feb 19, 2026Neczypor Christopher MEVP & CFOTAX W/H19,970$40.10$800.8K
Feb 19, 2026Kennedy John ChristopherEVP, Chief Dist. & Brand OffAWARD22,026——
Feb 19, 2026Kennedy John ChristopherEVP, Chief Dist. & Brand OffTAX W/H7,353$40.10$294.9K
Feb 19, 2026Adhya NilanjanEVP Chf AI Data Analytics OffAWARD19,951——
Feb 19, 2026Cooper EllenChairman, President & CEOAWARD189,295——
Feb 19, 2026Cooper EllenChairman, President & CEOTAX W/H80,413$40.10$3.2M
Feb 19, 2026Rallis AndrewEVP, Chief Risk OfficerAWARD30,549——
Feb 15, 2026Cooper EllenPresident & CEOTAX W/H18,669$40.88$763.2K
Feb 15, 2026Beazer CraigT TEVP & General CounselTAX W/H4,195$40.88$171.5K
Feb 15, 2026Reid James WaltmanEVP Workplace SolutionsTAX W/H7,338$40.88$300.0K
Feb 15, 2026Neczypor Christopher MEVP & CFOTAX W/H5,162$40.88$211.0K
Feb 15, 2026Kennedy John ChristopherEVP, Chief Dist. & Brand OffTAX W/H3,069$40.88$125.5K
Feb 15, 2026Cohen Adam MCAOTAX W/H1,260$40.88$51.5K
Feb 13, 2026KELLY GARY CDirectorI35,474.99$40.88$1.5M
6 SEC filing reports analyzed. Sentiment: 2 bullish, 0 bearish, 0 mixed, 4 neutral. Avg impact: 4.0/10.
BULLISH COURT-RULING 6/10
The Third Circuit affirmed the District Court's summary judgment in favor of Lincoln National Life I
Jun 10, 2026
BULLISH 8-K 6/10
Lincoln National reported Q1 2026 adjusted operating income of $326M ($1.66/share), up 16% YoY, with
May 7, 2026
NEUTRAL 8-K 3/10
Brian Kroll, Executive Vice President and Head of Retail Life and Annuity Solutions at Lincoln Natio
Apr 16, 2026
NEUTRAL DEFA14A 3/10
Lincoln National Corporation is holding its 2026 annual meeting of shareholders, with proposals to e
Apr 16, 2026
NEUTRAL CLUSTER 2/10
Lincoln National Corp's EVP and Chief Information Officer, Jennifer Charters, purchased $9,783 worth
Mar 16, 2026
NEUTRAL EFFECT 4/10
Lincoln National Corp's registration statement on Form S-4 has become effective as of February 27, 2
Mar 2, 2026
∅

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Hold (42% buy). Based on 19 analysts: 2 strong buy, 6 buy, 9 hold, 1 sell, 1 strong sell.

Analyst Price Targets

$42.58 mean target +14.2% upside Buy (2.62)
$33.00 Low $56.00 High
MetricValue
Current Price$37.30
Target Low$33.00
Target Mean$42.58
Target Median$41.00
Target High$56.00
# Analysts12
RecommendationBuy (2.62)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
 $2.03 $1.65 $2.19 -13.9% -3.4% 3↑ 5↓ $4.9B 3.4% 13
Next Q
2026-09-30
 $2.02 $1.83 $2.20 -1.2% +1.0% 5↑ 2↓ $4.9B 2.0% 12
Current FY
2026-12-31
 $7.73 $7.49 $7.90 -6.1% +0.4% 4↑ 6↓ $19.6B 2.6% 12
Next FY
2027-12-31
 $8.33 $8.00 $8.79 7.8% -1.3% 2↑ 7↓ $20.2B 3.1% 13

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$2.031
7d ago$2.031
30d ago$2.102-0.071
60d ago$2.187-0.156
90d ago$2.189-0.159
12 analyst firms have rated this stock: 1 upgrades, 0 downgrades, 1 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
May 21, 2026 Morgan Stanley MAINTAIN Overweight Overweight
May 13, 2026 Keefe, Bruyette & Woods MAINTAIN Outperform Outperform
May 12, 2026 Evercore ISI Group MAINTAIN In-Line In-Line
May 12, 2026 Wells Fargo MAINTAIN Overweight Overweight
May 7, 2026 JP Morgan MAINTAIN Underweight Underweight
Apr 14, 2026 B of A Securities MAINTAIN Neutral Neutral
Apr 13, 2026 Mizuho MAINTAIN Outperform Outperform
Apr 10, 2026 Wells Fargo MAINTAIN Overweight Overweight
Apr 9, 2026 UBS MAINTAIN Neutral Neutral
Apr 8, 2026 Barclays MAINTAIN Equal-Weight Equal-Weight
Mar 11, 2026 Barclays MAINTAIN Equal-Weight Equal-Weight
Mar 9, 2026 TD Cowen MAINTAIN Hold Hold
Mar 3, 2026 Morgan Stanley MAINTAIN Overweight Overweight
Feb 25, 2026 Wells Fargo UPGRADE Equal-Weight Overweight
Feb 23, 2026 Morgan Stanley MAINTAIN Overweight Overweight
Jan 13, 2026 Wells Fargo MAINTAIN Equal-Weight Equal-Weight
Dec 23, 2025 Piper Sandler MAINTAIN Neutral Neutral
Dec 16, 2025 Mizuho INITIATE — Outperform
Dec 15, 2025 Jefferies MAINTAIN Buy Buy

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 20262691142%
May 1, 20262681144%
Apr 1, 20262691142%
Mar 1, 202624101133%
Feb 1, 202612106214%
Jan 1, 202624101133%
Strong BuyBuyHoldSellStrong Sell
∅

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

∅

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

Jun 10, 2026
short_volume
Short Volume: LNC — 67.6% short (0.4M / 0.6M)
Short: 386,408 | Exempt: 0 | TRF Vol: 571,270 | Short Ratio: 67.6% | Off-exchange volume (dark pool + OTC)
Jun 10, 2026
Enforcement
Lincoln National Life Insurance Co v. Retirement Value LLC
Court ruling from Court of Appeals for the Third Circuit. Docket: 24-2663
Jun 5, 2026
short_volume
Short Volume: LNC — 61.7% short (0.4M / 0.6M)
Short: 366,489 | Exempt: 2 | TRF Vol: 593,656 | Short Ratio: 61.7% | Off-exchange volume (dark pool + OTC)
Jun 3, 2026
short_volume
Short Volume: LNC — 65.6% short (0.6M / 0.9M)
Short: 582,544 | Exempt: 0 | TRF Vol: 887,710 | Short Ratio: 65.6% | Off-exchange volume (dark pool + OTC)
Jun 1, 2026
short_volume
Short Volume: LNC — 65.0% short (0.4M / 0.6M)
Short: 367,829 | Exempt: 9 | TRF Vol: 565,877 | Short Ratio: 65.0% | Off-exchange volume (dark pool + OTC)
May 29, 2026
short_volume
Short Volume: LNC — 68.3% short (0.4M / 0.6M)
Short: 421,706 | Exempt: 2,797 | TRF Vol: 617,343 | Short Ratio: 68.3% | Off-exchange volume (dark pool + OTC)
May 28, 2026
short_volume
Short Volume: LNC — 61.2% short (0.3M / 0.5M)
Short: 318,530 | Exempt: 114 | TRF Vol: 520,614 | Short Ratio: 61.2% | Off-exchange volume (dark pool + OTC)
May 27, 2026
short_volume
Short Volume: LNC — 63.4% short (0.5M / 0.8M)
Short: 498,891 | Exempt: 0 | TRF Vol: 787,270 | Short Ratio: 63.4% | Off-exchange volume (dark pool + OTC)
May 26, 2026
short_volume
Short Volume: LNC — 67.8% short (0.4M / 0.5M)
Short: 351,857 | Exempt: 736 | TRF Vol: 518,915 | Short Ratio: 67.8% | Off-exchange volume (dark pool + OTC)
May 21, 2026
short_volume
Short Volume: LNC — 67.8% short (0.4M / 0.6M)
Short: 379,159 | Exempt: 0 | TRF Vol: 558,873 | Short Ratio: 67.8% | Off-exchange volume (dark pool + OTC)
May 18, 2026
dark_pool
Dark Pool: LNC — 1.8M shares, 45,116 trades
Week starting 2026-05-18. Total ATS volume: 1,770,897 shares across 45,116 trades.
May 11, 2026
dark_pool
Dark Pool: LNC — 2.9M shares, 51,621 trades
Week starting 2026-05-11. Total ATS volume: 2,884,195 shares across 51,621 trades.
May 7, 2026
earnings_calendar
LNC Q1 2026 Earnings Before Market Open — 2026-05-07
May 4, 2026
dark_pool
Dark Pool: LNC — 3.1M shares, 57,065 trades
Week starting 2026-05-04. Total ATS volume: 3,067,531 shares across 57,065 trades.
Apr 27, 2026
short_volume
Short Volume: LNC — 58.2% short (0.4M / 0.7M)
Short: 389,934 | Exempt: 81 | TRF Vol: 670,424 | Short Ratio: 58.2% | Off-exchange volume (dark pool + OTC)
Apr 27, 2026
dark_pool
Dark Pool: LNC — 2.3M shares, 46,528 trades
Week starting 2026-04-27. Total ATS volume: 2,292,141 shares across 46,528 trades.