Market Cap
$7.8B
LNC
LINCOLN NATIONAL CORP
$40.14 ▲ +1.03%
Prev close $39.73Market cap$7.8B
ConsensusHold
12-mo target$47.92 (+19.4%)
▲ Neutral
Analyst conviction 5/10
Insider Selling Cluster (2 insiders)34 New Institutional Positions16 Institutional Exits Traditional Finance
Snapshot
The big-picture read on LNC right now — valuation, ownership and activity at a glance.
Cap Size
Mid Cap
Analyst Consensus
Hold (47%)
Inst. Holders
50 funds
Inst. Value
$4.1B
Inst. Activity
34 buys / 16 sells
Insider Activity
$9.8K buy / $2.4M sell
Insider Net $
-$2.4M
SEC Reports
9
Congressional
1 trades
Price chart 30d -9.0%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Oct 1, 2026 short_volume
Short Volume: LNC — 73.3% short (0.7M / 0.9M)
Short: 686,110 | Exempt: 6 | TRF Vol: 936,259 | Short Ratio: 73.3% | Off-exchange volume (dark pool
Aug 24, 2026 Insider
Cohen Adam M was granted 23,597 shares
Interim CFO & CAO
Aug 24, 2026 Insider
Aug 19, 2026 SEC Cohen Adam M was granted 7,866 shares
Interim CFO & CAO
Two Lincoln National insiders sold a combined $896K in open-market transactions over a week, including a director and an
CLUSTER — Impact 2/10
Aug 17, 2026 Insider
Aug 10, 2026 SEC Woodroffe Sean sold 11,000 shares
EVP, Ch Ppl Comms Ent Srvc Off @ $45.28 ($498.1K)
Lincoln Financial announced that CFO Chris Neczypor is leaving to pursue an outside opportunity, unrelated to company pe
8-K — Impact 5/10
Lincoln National Corporation completed a $500M registered public offering of 6.800% Fixed-to-Fixed Reset Rate Subordinat
8-K — Impact 4/10
Jun 30, 2026 Inst.
NORGES BANK — NEW
2,290,874 shares ($81.0M)
Analyst ratings buy % +42.4%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
47% rate it Buy or better · 19 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Aug 24, 2026 | Morgan Stanley | MAINTAIN | Overweight | 55% |
| Jul 31, 2026 | Mizuho | MAINTAIN | Outperform | 52% |
| Jul 31, 2026 | Keefe, Bruyette & Woods | MAINTAIN | Outperform | 58% |
| Jul 22, 2026 | TD Cowen | MAINTAIN | Hold | 56% |
| Jul 21, 2026 | JP Morgan | MAINTAIN | Underweight | 55% |
| Jul 13, 2026 | Evercore ISI Group | MAINTAIN | In-Line | 59% |
| Jul 13, 2026 | Keefe, Bruyette & Woods | MAINTAIN | Outperform | 58% |
| Jul 10, 2026 | Jefferies | MAINTAIN | Buy | 53% |
| Jul 9, 2026 | Wells Fargo | MAINTAIN | Overweight | 54% |
| Jul 9, 2026 | Mizuho | MAINTAIN | Outperform | 52% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 2 | 7 | 8 | 1 | 1 | 47% | |
| Aug 1, 2026 | 2 | 7 | 8 | 1 | 1 | 47% | |
| Jul 1, 2026 | 2 | 6 | 9 | 1 | 1 | 42% | |
| Jun 1, 2026 | 2 | 6 | 9 | 1 | 1 | 42% | |
| May 1, 2026 | 2 | 6 | 8 | 1 | 1 | 44% | |
| Apr 1, 2026 | 2 | 6 | 9 | 1 | 1 | 42% | |
| Mar 1, 2026 | 2 | 4 | 10 | 1 | 1 | 33% | |
| Feb 1, 2026 | 1 | 2 | 10 | 6 | 2 | 14% |
Price targets
Where 12 covering analysts think LNC trades over the next 12 months.
$47.92 +19.4% upside Buy
Current$40.14 Low$35.00 Median$48.00 High$60.00 12 analysts
$35.00$60.00
Analyst rating Hold· 2.5/5 as of Oct 2, 2026
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
9 SEC filing reports analyzed · 2 bullish, 0 bearish, 0 mixed, 7 neutral · avg impact 3.9/10.
NEUTRALCLUSTER2/10
Two Lincoln National insiders sold a combined $896K in open-market transactions over a week, includi
Aug 19, 2026
NEUTRAL8-K5/10
Lincoln Financial announced that CFO Chris Neczypor is leaving to pursue an outside opportunity, unr
Aug 10, 2026
NEUTRAL8-K4/10
Lincoln National Corporation completed a $500M registered public offering of 6.800% Fixed-to-Fixed R
Jul 3, 2026
BULLISHCOURT-RULING6/10
The Third Circuit affirmed the District Court's summary judgment in favor of Lincoln National Life I
Jun 10, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Oct 1, 2026
short_volume
Short Volume: LNC — 73.3% short (0.7M / 0.9M)
Short: 686,110 | Exempt: 6 | TRF Vol: 936,259 | Short Ratio: 73.3% | Off-exchange volume (dark pool + OTC)
Sep 30, 2026
short_volume
Short Volume: LNC — 72.9% short (0.4M / 0.6M)
Short: 424,690 | Exempt: 0 | TRF Vol: 582,491 | Short Ratio: 72.9% | Off-exchange volume (dark pool + OTC)
Sep 29, 2026
short_volume
Short Volume: LNC — 80.6% short (0.5M / 0.6M)
Short: 465,003 | Exempt: 452 | TRF Vol: 576,866 | Short Ratio: 80.6% | Off-exchange volume (dark pool + OTC)
Sep 24, 2026
short_volume
Short Volume: LNC — 67.5% short (0.4M / 0.6M)
Short: 382,117 | Exempt: 1,392 | TRF Vol: 566,454 | Short Ratio: 67.5% | Off-exchange volume (dark pool + OTC)
Sep 21, 2026
short_volume
Short Volume: LNC — 63.7% short (0.4M / 0.6M)
Short: 370,844 | Exempt: 8,222 | TRF Vol: 582,551 | Short Ratio: 63.7% | Off-exchange volume (dark pool + OTC)
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $2.02 | $1.92–$2.16 | -1.2% | -0.7% | 5↑ 3↓ | $5.0B | 11 |
| Next Q | $2.03 | $1.82–$2.13 | -8.1% | +0.7% | 5↑ 2↓ | $5.0B | 11 |
| Current FY | $7.94 | $7.72–$8.05 | -3.6% | +0.8% | 9↑ 0↓ | $19.8B | 12 |
| Next FY | $8.70 | $8.45–$9.17 | 9.6% | +0.8% | 9↑ 0↓ | $20.6B | 13 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $2.015 | — |
| 7d ago | $2.022 | -0.006 |
| 30d ago | $2.029 | -0.014 |
| 60d ago | $2.019 | -0.004 |
| 90d ago | $2.017 | -0.002 |
Institutional ownership
Which big funds own LNC (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $4.1B total value (115,185,006 shares) as of 2026-Q2. Top holders: BlackRock,, VANGUARD, DIMENSIONAL. Net buying activity: 34 institutions added/increased vs 16 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| BlackRock, Inc. | 18,561,962 | $656.2M | 16.1% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 10,427,206 | $368.6M | 9.0% | — |
| DIMENSIONAL FUND ADVISORS LP | 8,571,956 | $303.0M | 7.4% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 8,347,042 | $295.1M | 7.2% | — |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 6,373,067 | $226.6M | 5.6% | — |
| STATE STREET CORP | 6,106,302 | $215.9M | 5.3% | — |
| JENNISON ASSOCIATES LLC | 3,772,433 | $133.4M | 3.3% | — |
| MORGAN STANLEY | 3,632,194 | $128.4M | 3.2% | — |
| GEODE CAPITAL MANAGEMENT, LLC | 3,193,783 | $112.9M | 2.8% | — |
| NORGES BANK | 2,290,874 | $81.0M | 2.0% | NEW |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| NORGES BANK | NEW | — | 2,290,874 | — | $81.0M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | DOUBLED | 683,040 | 1,922,320 | +181.4% | $68.0M |
| FIRST TRUST ADVISORS LP | TRIM | 2,128,355 | 1,441,914 | -32.3% | $51.0M |
| AMERICAN CENTURY COMPANIES INC | DOUBLED | 557,620 | 1,425,959 | +155.7% | $50.4M |
| BALYASNY ASSET MANAGEMENT L.P. | TRIM | 2,085,619 | 1,383,992 | -33.6% | $48.9M |
| D. E. Shaw & Co., Inc. | DOUBLED | 612,706 | 1,290,765 | +110.7% | $45.6M |
| CITADEL ADVISORS LLC | ADD | 769,829 | 968,858 | +25.9% | $34.2M |
| Allspring Global Investments Holdings, LLC | ADD | 542,220 | 765,306 | +41.1% | $27.7M |
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | ADD | 530,251 | 739,692 | +39.5% | $26.1M |
| Quantinno Capital Management LP | ADD | 583,257 | 733,102 | +25.7% | $25.9M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
21 insiders, 50 transactions. Net -$2.4M — $9.8K bought, $2.4M sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Cohen Adam M | Interim CFO & CAO | AWARD | 23,597 | — | — |
| Aug 24, 2026 | Cohen Adam M | Interim CFO & CAO | AWARD | 7,866 | — | — |
| Aug 17, 2026 | Woodroffe Sean | EVP, Ch Ppl Comms Ent Srvc Off | SELL | 11,000 | $45.28 | $498.1K |
| Aug 17, 2026 | Chesney Curtis W. | EVP, President of Annuities | GIFT | 637 | — | — |
| Aug 12, 2026 | KELLY GARY C | Director | SELL | 15,006.55 | $26.50 | $397.7K |
| Aug 9, 2026 | Neczypor Christopher M | EVP & CFO | TAX W/H | 2,464 | $46.03 | $113.4K |
| Jun 30, 2026 | LeFebvre Dale | Director | AWARD | 1,272.98 | $35.35 | $45.0K |
| Jun 30, 2026 | Ryan Owen | Director | AWARD | 1,272.98 | $35.35 | $45.0K |
| Jun 30, 2026 | Morris James T | Director | AWARD | 1,272.98 | $35.35 | $45.0K |
| Jun 30, 2026 | KELLY GARY C | Director | AWARD | 1,272.98 | $35.35 | $45.0K |
Congressional trades
LNC trades disclosed by members of Congress, with disclosure delay.
1 members · 1 buys / 0 sells
| Date | Member | Party | Chamber | Type | Amount | Asset | Disclosed |
|---|---|---|---|---|---|---|---|
| Jun 24, 2026 | Ro Khanna | D | HOUSE | BUY | $1,001 - $15,000 | Lincoln National Corp | Jul 8, 2026(15d) |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for LNC.
Shares short
12,142,574
Settlement Sep 15, 2026
Change vs prior
-12.1%
Semi-monthly cycle
Days to cover
6.5
At avg daily volume
Of shares outstanding
≈6.3%
Estimate — not % of float
All LNC filing & press-release reports (9)
- CLUSTER reportAug 19, 2026
- 8-K reportAug 10, 2026
- 8-K reportJul 3, 2026
- COURT-RULING reportJun 10, 2026
- 8-K reportMay 7, 2026
- 8-K reportApr 16, 2026
- DEFA14A reportApr 16, 2026
- CLUSTER reportMar 16, 2026
- EFFECT reportMar 2, 2026