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Financial Services - Insurance - Life - NYSE - US
$ 30.33
-3.17 %
$ 5.18 B
Market Cap
1.59
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one LNC stock under the worst case scenario is HIDDEN Compared to the current market price of 30.3 USD, Lincoln National Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one LNC stock under the base case scenario is HIDDEN Compared to the current market price of 30.3 USD, Lincoln National Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one LNC stock under the best case scenario is HIDDEN Compared to the current market price of 30.3 USD, Lincoln National Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart LNC

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$40.0$40.0$38.0$38.0$36.0$36.0$34.0$34.0$32.0$32.0$30.0$30.0$28.0$28.0Nov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 Apr
FINANCIALS
18 B REVENUE
54.48%
4.02 B OPERATING INCOME
589.89%
3.28 B NET INCOME
535.51%
-2.01 B OPERATING CASH FLOW
3.23%
821 M INVESTING CASH FLOW
124.63%
3.62 B FINANCING CASH FLOW
-33.30%
5.08 B REVENUE
45.01%
0 OPERATING INCOME
100.00%
1.69 B NET INCOME
419.51%
222 M OPERATING CASH FLOW
922.22%
-717 M INVESTING CASH FLOW
-2.14%
283 M FINANCING CASH FLOW
-77.66%
Balance Sheet Lincoln National Corporation
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Current Assets 5.8 B
Cash & Short-Term Investments 5.8 B
Receivables 0
Other Current Assets 0
Non-Current Assets 1.14 B
Long-Term Investments 89.4 B
PP&E 0
Other Non-Current Assets -88.3 B
83.53 %1287.69 %Total Assets$6.9b
Current Liabilities 10.3 B
Accounts Payable 0
Short-Term Debt 300 M
Other Current Liabilities 10 B
Non-Current Liabilities 382 B
Long-Term Debt 5.86 B
Other Non-Current Liabilities 376 B
95.88 %Total Liabilities$392.6b
EFFICIENCY
Earnings Waterfall Lincoln National Corporation
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Revenue 18 B
Cost Of Revenue -453 M
Gross Profit 18.4 B
Operating Expenses 14 B
Operating Income 4.02 B
Other Expenses 747 M
Net Income 3.28 B
20b20b18b18b16b16b14b14b12b12b10b10b8b8b6b6b4b4b2b2b0018b453m18b(14b)4b(747m)3bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
102.52% GROSS MARGIN
102.52%
22.36% OPERATING MARGIN
22.36%
18.21% NET MARGIN
18.21%
39.61% ROE
39.61%
0.84% ROA
0.84%
-106.50% ROIC
-106.50%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Lincoln National Corporation
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5b5b4b4b3b3b2b2b1b1b00(1b)(1b)(2b)(2b)(3b)(3b)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 3.28 B
Depreciation & Amortization 96 M
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital -1.67 B
Others -5.28 B
Free Cash Flow -2.01 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Lincoln National Corporation
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Wall Street analysts predict an average 1-year price target for LNC of $34.1 , with forecasts ranging from a low of $24 to a high of $42 .
LNC Lowest Price Target Wall Street Target
24 USD -20.87%
LNC Average Price Target Wall Street Target
34.1 USD 12.57%
LNC Highest Price Target Wall Street Target
42 USD 38.48%
Price
Max Price Target
Min Price Target
Average Price Target
4242404038383636343432323030282826262424Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
1.73% DIVIDEND YIELD
0.45 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.002.001.801.801.601.601.401.401.201.201.001.000.800.800.600.600.400.400.200.200.000.000.20.250.290.330.370.40.420.450.450.450.450.20.250.290.330.370.40.420.450.450.450.450.20.250.290.330.370.40.420.450.450.450.20.800.251.000.291.160.331.320.371.480.41.600.421.680.451.800.451.800.451.800.902015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership Lincoln National Corporation
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
680 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
1.8 M USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Why Lincoln National (LNC) is Poised to Beat Earnings Estimates Again Lincoln National (LNC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. zacks.com - 2 weeks ago
Lincoln Financial to Report 2025 First Quarter Results on May 8 RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial (NYSE:LNC) announced today that it will report its results for the first quarter ended March 31, 2025 at 6:00 a.m. Eastern Time on Thursday, May 8, 2025. A conference call is scheduled for 8:00 a.m. Eastern Time on the same day. Earnings materials, including the 2025 first quarter Earnings Release, Earnings Supplement, and Statistical Supplement, will be available on the company's Investor Relations web page at www.lincolnfinancial.com/investor. C. businesswire.com - 3 weeks ago
Lincoln National Secures $825M Strategic Investment From Bain Capital The deal is likely to give LNC a cash boost, access to Bain Capital's expertise and more power to improve its long-term profitability. zacks.com - 3 weeks ago
It Ain't Over Until It's Over: 4 Dividend Value Stocks Are the Safest Way to Stay Invested A value stock is generally one that trades at a price lower than a company's fundamental value or what its performance suggests it should be worth. 247wallst.com - 3 weeks ago
Lincoln Financial Expands Financial Wellness Solutions to Empower Employee Wellbeing RADNOR, Pa.--(BUSINESS WIRE)--With household debt reaching over $18 trillion in the U.S.1, more and more employees seek financial wellness support from their employers in addition to traditional group benefits and retirement planning services. Lincoln's flexible wellness program, WellnessPATH® Marketplace, helps employers support their employees in taking action to address their financial concerns. Employees can easily access this one-stop shop for financial wellness benefits and products offer. businesswire.com - 1 month ago
Lincoln Financial Becomes Founding Partner of the Cobbs Creek Foundation PHILADELPHIA--(BUSINESS WIRE)--Lincoln Financial (NYSE: LNC) and the Cobbs Creek Foundation today announced a landmark partnership to further the advancement and development of infrastructure and programs at the Cobbs Creek Golf and Education Campus, currently under development in West Philadelphia. The partnership signifies a shared long-term commitment to the Philadelphia community, providing innovative programming and access to state-of-the-art facilities at the Cobbs Creek Golf and Educatio. businesswire.com - 1 month ago
Lincoln National Unveils Elite IUL Portfolio With New Growth Features LNC debuts its Elite IUL Portfolio, starting with WealthBuilderSM IUL, offering enhanced S&P-based indices, uncapped options and performance-boosting riders for long-term growth. zacks.com - 1 month ago
CORRECTING and REPLACING Lincoln Financial Launches First Product in New Elite Indexed Universal Life Portfolio RADNOR, Pa.--(BUSINESS WIRE)--Fifth paragraph, first sentence of release should read: Lincoln is adding new indexed accounts to the new Elite Indexed Universal Life Portfolio based on two S&P 500 indices, S&P 500 Dynamic Intraday TCA 15% Index and S&P 500 Daily Risk Control 10% Index, beginning with Lincoln WealthBuilderSM IUL. The updated release reads: LINCOLN FINANCIAL LAUNCHES FIRST PRODUCT IN NEW ELITE INDEXED UNIVERSAL LIFE PORTFOLIO Lincoln WealthBuilderSM IUL offers indexed. businesswire.com - 1 month ago
Compelling Reasons to Retain Lincoln National Stock Right Now LNC's robust Annuities and Group Protection segments, coupled with new products and a robust financial position, bode well. zacks.com - 1 month ago
Lincoln Financial Launches First Product in New Elite Indexed Universal Life Portfolio RADNOR, Pa.--(BUSINESS WIRE)--Today, Lincoln Financial (NYSE: LNC) launched Lincoln WealthBuilderSM IUL, the first product in a planned suite of Indexed Universal Life (IUL) issued by The Lincoln National Life Insurance Company. The new Elite IUL Portfolio will complement Lincoln's recently enhanced Variable Universal Life (VUL) offerings as the 120-year-old company continues its strategic shift to offering a diverse mix of protection and accumulation products. “According to Lincoln research, 8. businesswire.com - 1 month ago
LNC Unveils Private Market Funds to Meet Clients' Investment Needs Lincoln National partners with Bain Capital and Partners Group to launch two private market funds, enhancing investment options for clients. zacks.com - 1 month ago
Lincoln National: Insurance And Annuities Could Drive Business And Sustain Dividends Lincoln National gets a buy rating, agreeing with the latest consensus from Seeking Alpha analysts. The firm is in the top 7 of US life insurers, and could benefit from macro growth in life insurance and annuities demand. Its dividend yield is above average, while free cash flow also recently improved, which could continue to sustain the stable dividend. seekingalpha.com - 1 month ago
8. Profile Summary

Lincoln National Corporation LNC

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COUNTRY US
INDUSTRY Insurance - Life
MARKET CAP $ 5.18 B
Dividend Yield 1.73%
Description 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.
Contact 150 North Radnor-Chester Road, Radnor, PA, 19087 https://www.lfg.com
IPO Date March 17, 1980
Employees 9783
Officers Mr. Christopher Michael Neczypor Executive Vice President & Chief Financial Officer Ms. Ellen R. Gail Cooper C.F.A., F.S.A. Chairman, President & Chief Executive Officer Ms. Jennifer Charters Executive Vice President & Chief Information Officer Ms. Tina Madon Senior Vice President & Head of Investor Relations Mr. James Waltman Reid Executive Vice President & President of Workplace Solutions Mr. Adam Maxwell Cohen Senior Vice President, Treasurer & Chief Accounting Officer Mr. Craig Todd Beazer J.D. Executive Vice President & General Counsel Mr. Sean Nigel Woodroffe Executive Vice President and Chief People, Culture & Communications Officer Mr. Jayson Reagan Bronchetti C.A.I.A., C.F.A. Executive Vice President, Chief Investment Officer and Head of Headging & Sustainability Ms. Lucy Denise Gase Senior Vice President and Head of Administrative Services & Strategic Support