Lincoln National Corporation (LNC)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Lincoln National Corporation (LNC) trades at $36.86 with AI Score 43/100 (Grade C). Lincoln National Corporation is a Fortune 500 company operating in the insurance and retirement marketplace. Market cap: $7.05B, Sector: Financial services.
Last analyzed: May 10, 2026LNC stock analysis for 2026: Analysts have set a consensus price target of $43.00 for Lincoln National Corporation, suggesting 16.7% upside from the current price of $36.86. The AI MoonshotScore is 43/100, indicating a neutral outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
LNC: the 1 perspectives are evenly split.
Lincoln National Corporation (LNC) Financial Services Profile
Lincoln National Corporation (LNC) is a diversified financial services company providing annuities, retirement plan services, life insurance, and group protection benefits. With a history dating back to 1905, LNC serves individuals and employers across the United States, distributing its products through various intermediaries in a competitive insurance landscape.
What Is the Investment Thesis for LNC?
Lincoln National Corporation presents a compelling investment case based on its diversified business model, strong market position, and attractive valuation. With a P/E ratio of 3.96 and a dividend yield of 5.03%, LNC offers value to investors seeking income and potential capital appreciation. The company's focus on annuities, retirement plan services, life insurance, and group protection provides diversification and resilience across different economic cycles. Growth catalysts include increasing demand for retirement income solutions, expansion of group protection offerings, and strategic partnerships. However, investors may want to evaluate potential risks such as interest rate fluctuations, regulatory changes, and competition from other financial services providers. Monitoring key metrics such as sales growth, expense ratios, and return on equity will be crucial in assessing LNC's long-term performance.
Based on FMP financials and quantitative analysis
LNC Key Highlights
- Market capitalization of $7.06 billion reflects Lincoln National's significant presence in the financial services sector.
- P/E ratio of 3.96 suggests the company may be undervalued compared to its earnings.
- Profit margin of 9.1% indicates healthy profitability in a competitive industry.
- Gross margin of 34.4% demonstrates the company's ability to manage costs effectively.
- Dividend yield of 5.03% provides an attractive income stream for investors.
Who Are LNC's Competitors?
LNC is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| PRU Prudential Financial, Inc. | $107.00 | +0.46% | $37.16B | 46 |
| SYF Synchrony Financial | $72.80 | +0.65% | $24.49B | 44 |
| EQH Equitable Holdings, Inc. | $44.13 | +1.19% | $12.42B | 48 |
| ZION Zions Bancorporation, National Association | $67.09 | +0.98% | 10B | 53 |
| PRI Primerica, Inc. | $284.35 | +1.93% | $8.87B | 45 |
| PUK Prudential plc | $26.41 | +1.42% | $33.02B | 67 |
| JXN-PA Jackson Financial Inc. | $25.54 | -0.16% | $7.37B | 64 |
| AEL American Equity Investment Life Holding Company | $56.47 | +0.55% | $4.49B | 64 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are LNC's Key Strengths?
- Diversified business model across insurance and retirement segments.
- Established brand reputation and strong market presence.
- Extensive distribution network through various intermediaries.
- Solid financial performance and profitability.
What Are LNC's Weaknesses?
- Exposure to interest rate fluctuations and market volatility.
- Dependence on intermediaries for product distribution.
- Potential for regulatory changes and compliance costs.
- Intense competition in the financial services industry.
What Could Drive LNC Stock Higher?
- Increasing demand for retirement income solutions due to aging population.
- Expansion of group protection benefits as employers prioritize employee well-being.
- Digital transformation initiatives to improve customer experience and efficiency.
- Potential strategic partnerships or acquisitions to expand market reach.
- Favorable regulatory changes that support growth in the insurance and retirement sectors.
What Are the Key Risks for LNC?
- Economic downturn and market volatility impacting investment returns.
- Rising interest rates and inflation affecting profitability.
- Regulatory changes and compliance costs increasing expenses.
- Intense competition from other financial services providers.
- Cybersecurity threats and data breaches compromising customer information.
What Are the Growth Opportunities for LNC?
- Expansion of Retirement Plan Services: The defined contribution retirement plan market continues to grow as more employers shift from defined benefit plans. Lincoln National can capitalize on this trend by expanding its retirement plan services offerings, including recordkeeping, compliance testing, and participant education. The market size for retirement plan services is estimated to be in the trillions of dollars, providing significant growth potential for LNC. Timeline: Ongoing.
- Growth in Group Protection Benefits: The demand for group protection benefits, such as short and long-term disability, term life, dental, and vision, is increasing as employers seek to attract and retain talent. Lincoln National can expand its market share by offering comprehensive and competitive group protection solutions. The group benefits market is estimated to be worth billions of dollars annually. Timeline: Ongoing.
- Strategic Partnerships and Acquisitions: Lincoln National can pursue strategic partnerships and acquisitions to expand its product offerings, geographic reach, and distribution channels. This includes partnering with other financial institutions, technology companies, and healthcare providers. Strategic M&A can accelerate growth and enhance LNC's competitive position. Timeline: Ongoing.
- Digital Transformation and Innovation: Investing in digital technologies and innovation can improve customer experience, streamline operations, and reduce costs. Lincoln National can leverage digital channels to reach new customers, enhance product offerings, and improve efficiency. This includes developing mobile apps, online portals, and data analytics capabilities. Timeline: Ongoing.
- Increasing Annuity Sales: With increasing longevity and concerns about retirement security, the demand for annuities is expected to grow. Lincoln National can capitalize on this trend by offering innovative annuity products that provide guaranteed income and protection against market volatility. The annuity market is estimated to be worth hundreds of billions of dollars annually. Timeline: Ongoing.
What Opportunities Does LNC Have?
- Expansion of retirement plan services and group protection benefits.
- Strategic partnerships and acquisitions to enhance growth.
- Digital transformation and innovation to improve customer experience.
- Increasing demand for annuities and retirement income solutions.
What Threats Does LNC Face?
- Economic downturn and market volatility.
- Rising interest rates and inflation.
- Regulatory changes and compliance costs.
- Competition from other financial services providers.
What Are LNC's Competitive Advantages?
- Established brand reputation and strong market presence.
- Diversified product portfolio across insurance and retirement segments.
- Extensive distribution network through various intermediaries.
- Scale and efficiency in operations, leading to cost advantages.
What Does LNC Do?
Founded in 1905 and headquartered in Radnor, Pennsylvania, Lincoln National Corporation has evolved into a prominent player in the U.S. insurance and retirement market. The company operates through four key segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers a range of annuity products, including fixed, variable, and indexed variable annuities, catering to diverse investment preferences and retirement income needs. The Retirement Plan Services segment focuses on providing retirement plan products and services to employers, primarily in the defined contribution space, offering recordkeeping, compliance testing, and participant education. The Life Insurance segment provides various life insurance products, including term, universal, and variable universal life insurance, along with riders for critical illness and long-term care. The Group Protection segment offers non-medical insurance products, such as short and long-term disability, term life, dental, vision, accident, and critical illness benefits. Lincoln National distributes its products through a network of consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries, reaching a broad customer base across the United States.
What Products and Services Does LNC Offer?
- Offers fixed, variable, and indexed variable annuities.
- Provides retirement plan products and services to employers.
- Offers individual and group variable annuities, group fixed annuities, and mutual fund-based programs.
- Provides plan recordkeeping, compliance testing, participant education, and trust and custodial services.
- Offers term insurance, universal life insurance, variable universal life insurance, and indexed universal life insurance products.
- Provides critical illness and long-term care riders.
- Offers group non-medical insurance products comprising short and long-term disability.
- Provides statutory disability and paid family medical leave administration and absence management services.
How Does LNC Make Money?
- Generates revenue from premiums on life insurance and group protection products.
- Earns fees from retirement plan services, including recordkeeping and administration.
- Receives investment income from its portfolio of assets.
- Profits from the spread between investment returns and payments to annuity holders.
What Industry Does LNC Operate In?
Lincoln National Corporation operates in the highly competitive financial services industry, specifically within the insurance and retirement sectors. The industry is characterized by evolving customer needs, regulatory changes, and technological advancements. Key trends include the increasing demand for retirement income solutions, the growing popularity of group protection benefits, and the rise of digital distribution channels. Lincoln National competes with other major players such as Prudential Financial, Inc. (PRU), Equitable Holdings, Inc. (EQH), and Primerica, Inc. (PRI). The company's success depends on its ability to innovate, adapt to changing market conditions, and maintain a strong competitive position.
Who Are LNC's Key Customers?
- Individuals seeking retirement income and financial security.
- Employers offering retirement plans and group benefits to their employees.
- Consultants, brokers, and financial advisors who distribute Lincoln National's products.
- Third-party administrators who manage employee benefits programs.
LNC Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Lincoln National's future, indicating that executives believe the stock is undervalued.
- Community sentiment has turned increasingly positive, with discussions highlighting the company's strong fundamentals and growth potential in the insurance sector.
- Analysts have noted a favorable shift in the regulatory environment, which could benefit insurance companies like Lincoln National.
- Recent product innovations and expansions into new markets have sparked optimism among investors, reflecting a bullish outlook on revenue growth.
Bear Case
- Concerns about macroeconomic factors, including rising interest rates, have led some investors to question the sustainability of Lincoln National's profit margins.
- Social sentiment shows a segment of the community worried about potential market volatility, which could adversely affect the company's performance.
- Insider selling activity has raised eyebrows, leading to skepticism about the company's near-term prospects among some investors.
- Mixed reviews regarding the effectiveness of recent strategic initiatives have resulted in a cautious view from parts of the trading community.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
LNC Latest News
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Lincoln National Corporation's Board of Directors Declares Quarterly Cash Dividend
businesswire.com · May 28, 2026
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A Look At Lincoln National (LNC) Valuation After Recent Mixed Share Performance
Yahoo! Finance: LNC News · May 26, 2026
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Why This Fund Sold Off $11 Million of a Stock That's Up 325% in a Year
Yahoo! Finance: LNC News · May 21, 2026
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What to Know About This Fund's $27 Million Bet on a Cash-Generating Oil Producer
Yahoo! Finance: LNC News · May 21, 2026
LNC Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for LNC.
Price Targets
Consensus target: $43.00
LNC MoonshotScore
What does this score mean?
The MoonshotScore rates LNC's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Lincoln National Corporation's Board of Directors Declares Quarterly Cash Dividend
A Look At Lincoln National (LNC) Valuation After Recent Mixed Share Performance
Why This Fund Sold Off $11 Million of a Stock That's Up 325% in a Year
What to Know About This Fund's $27 Million Bet on a Cash-Generating Oil Producer
Latest Lincoln National Corporation Analysis
Leadership: Ellen R. Gail Cooper
CEO
Ellen R. Gail Cooper serves as the CEO of Lincoln National Corporation, leading a workforce of 9,783 employees. Her career spans several decades in the financial services industry, with a focus on insurance and retirement solutions. She has held various leadership positions, demonstrating expertise in strategic planning, product development, and operational management. Cooper's background includes a strong emphasis on customer service and innovation, driving growth and profitability. Her educational credentials include advanced degrees in business administration and finance.
Track Record: Under Ellen Cooper's leadership, Lincoln National Corporation has focused on expanding its digital capabilities and enhancing customer experience. She has overseen the launch of new products and services, including innovative annuity solutions and group protection benefits. Key milestones include improved financial performance, increased market share, and enhanced employee engagement. Her strategic decisions have positioned the company for long-term growth and success.
Lincoln National Corporation Financial Services Stock: Key Questions Answered
What does Lincoln National Corporation do?
Lincoln National Corporation is a financial services company that operates in the insurance and retirement marketplace. The company provides a range of products and services, including annuities, retirement plan services, life insurance, and group protection benefits. Lincoln National serves individuals and employers across the United States, distributing its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. The company's diversified business model and strong market presence position it as a key player in the financial services industry.
What do analysts say about LNC stock?
Analyst consensus on Lincoln National Corporation (LNC) stock is mixed, with varying opinions on its valuation and growth prospects. Key valuation metrics such as P/E ratio and dividend yield are often cited as attractive, suggesting potential value for investors. Growth considerations include the company's ability to expand its retirement plan services and group protection benefits. However, analysts also highlight potential risks such as interest rate fluctuations, regulatory changes, and competition. Investors should conduct their own research and consider their individual investment objectives before making any decisions.
What are the main risks for LNC?
Lincoln National Corporation faces several risks, including economic downturns, market volatility, rising interest rates, and regulatory changes. An economic downturn could negatively impact investment returns and reduce demand for insurance and retirement products. Market volatility could also affect investment performance and profitability. Rising interest rates could increase borrowing costs and reduce the value of fixed-income investments. Regulatory changes and compliance costs could increase expenses and impact the company's business model. Intense competition from other financial services providers also poses a risk to LNC's market share and profitability.
How does Lincoln National Corporation make money in financial services?
Lincoln National Corporation generates revenue through several key channels within the financial services sector. A primary source is the premiums collected from life insurance and group protection policies. Additionally, the company earns fees from providing retirement plan services, including recordkeeping, administration, and investment management. Investment income, derived from the company's portfolio of assets, also contributes significantly to revenue. Furthermore, Lincoln National profits from the spread between the returns on its investments and the payments made to annuity holders, a crucial aspect of its annuity business segment.
What is Lincoln National Corporation's credit quality and risk management approach?
Lincoln National Corporation maintains a focus on managing credit risk through a diversified investment portfolio and rigorous underwriting standards. The company's credit quality is monitored closely by rating agencies, reflecting its ability to meet financial obligations. LNC employs a comprehensive risk management framework that includes stress testing, scenario analysis, and risk mitigation strategies. This framework aims to protect the company's capital and ensure its long-term financial stability in various economic conditions. The company's approach reflects a commitment to prudent financial management and regulatory compliance.
What are the key factors to evaluate for LNC?
Lincoln National Corporation (LNC) holds an AI score of 43/100 (low). P/E: 3.9x vs the S&P 500's ~20-25x. Analysts target $43.00 (+17%). Not financial advice.
How frequently does LNC data refresh on this page?
LNC prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven LNC's recent stock price performance?
Lincoln National Corporation (LNC) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified business model across insurance and retirement segments. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- Financial data is as of the latest available reporting period.