LNC
Lincoln National Corporation
NYSEUSDEQUITY
Financial Services
DELAYED
Buy
+20/100
Last price
42.08
▲ 1.17 (2.86%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
41.49
Prev close
40.91
Day high
42.76
Day low
41.27
Volume
3.07M
Market cap
$8.06B
P/E (TTM)
3.49
52W range
32.18 – 47.67
Day trading desk
Gap from prior close
+1.42%
Prior close 40.91
VWAP
42.09
-0.01% from price
Relative volume
2.73×
Unusually busy
Session range
3.89%
41.17 – 42.77
Position in range
57%
Mid range
ATR (14D)
1.10
2.62% of price
Prior day high
41.28
PDH
Prior day low
40.19
PDL
Bid / ask spread
—
Quote not published
Session volume
5.50M
Avg 2.01M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+2.83%
+0.9%
1M
-7.46%
-8.6%
3M
+8.68%
+4.2%
6M
+20.47%
+2.3%
YTD
-5.50%
-19.8%
1Y
+2.41%
-14.0%
3Y
+70.43%
-11.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on LNC open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-33.90K
Net selling
Buy transactions
2
32.10K shares
Sell transactions
3
66.00K shares
Net transactions
+5
Buys less sells
Sell : buy shares
2.1 : 1
Mixed
Insider-held shares
652.84K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 24, 26 | COHEN ADAM M Chief Financial Officer |
STOCK | 31.46K | $0 | Direct |
| Aug 17, 26 | WOODROFFE SEAN NIGEL Officer |
SELL | 11.00K | $498.08K | Direct |
| Aug 17, 26 | CHESNEY CURTIS W Officer |
STOCK | 637 | $0 | Direct |
| Jun 5, 26 | BEAZER CRAIGT T General Counsel |
SELL | 30.00K | $1.03M | Direct |
| Jun 1, 26 | WOODROFFE SEAN NIGEL Officer |
SELL | 25.00K | $868.75K | Direct |
| Mar 13, 26 | CHARTERS JENNIFER Chief Technology Officer |
BUY | 300 | $9.78K | Direct |
| Mar 9, 26 | WOODROFFE SEAN NIGEL Officer |
SELL | 8.00K | $261.92K | Direct |
| Mar 2, 26 | WOODROFFE SEAN NIGEL Officer |
SELL | 10.00K | $344.60K | Direct |
| Feb 19, 26 | REID JAMES WALTMAN Officer |
STOCK | 79.97K | $0 | Direct |
| Feb 19, 26 | WOODROFFE SEAN NIGEL Officer |
STOCK | 75.81K | $0 | Direct |
| Feb 19, 26 | RALLIS ANDREW Officer |
STOCK | 30.55K | $0 | Direct |
| Feb 19, 26 | KROLL BRIAN Officer |
STOCK | 20.57K | $0 | Direct |
| Feb 19, 26 | CHARTERS JENNIFER Chief Technology Officer |
STOCK | 18.70K | $0 | Direct |
| Feb 19, 26 | MORRISS JOHN G. Chief Investment Officer |
STOCK | 13.72K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BEAZER CRAIGT T |
General Counsel | 103.91K | Sale |
BRONCHETTI JAYSON R |
Chief Investment Officer | 87.14K | Stock Award(Grant) |
COHEN ADAM M |
Chief Financial Officer | 71.38K | Stock Award(Grant) |
COOPER ELLEN G |
Chief Executive Officer | 768.24K | Stock Award(Grant) |
KENNEDY JOHN CHRISTOPHER |
Officer | 160.40K | Stock Award(Grant) |
KROLL BRIAN |
Officer | 70.54K | Stock Award(Grant) |
NECZYPOR CHRISTOPHER M. |
Chief Financial Officer | 194.08K | Stock Award(Grant) |
RALLIS ANDREW |
Officer | 212.53K | Stock Award(Grant) |
REID JAMES WALTMAN |
Officer | 177.84K | Stock Award(Grant) |
WOODROFFE SEAN NIGEL |
Officer | 119.95K | Sale |
Fundamentals
Market cap$8.06B
Enterprise value$-29.27B
Revenue (TTM)$19.39B
Gross profit$5.25B
EBITDA—
Net income$2.27B
EPS (TTM)$12.07
Free cash flow$2.07B
Total cash$45.55B
Total debt$7.24B
Book value / share$54.14
Shares outstanding191.45M
Float171.56M
Short % of float7.10%
Dividend yield4.40%
Beta (5Y)1.15
Valuation & profitability ratios
Trailing P/E3.49
Forward P/E4.82
PEG ratio1.01
Price / sales—
Price / book0.78
EV / revenue-1.51
EV / EBITDA—
Gross margin27.08%
Operating margin4.61%
Profit margin12.17%
Return on equity22.59%
Return on assets0.28%
Debt / equity63.80
Current ratio2.18
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $18.34B | $17.99B | $11.71B | $18.93B | +2.0% |
| Operating revenue | $18.34B | $17.99B | $11.71B | $18.93B | +2.0% |
| Selling, general & admin | $2.65B | $2.74B | $2.54B | $2.41B | -3.3% |
| Net interest income | -$408.00M | -$461.00M | -$445.00M | -$391.00M | +11.5% |
| Pre-tax income | $1.34B | $4.02B | -$1.15B | $1.73B | -66.7% |
| Tax provision | $161.00M | $747.00M | -$396.00M | $367.00M | -78.4% |
| Net income | $1.18B | $3.27B | -$752.00M | $1.36B | -64.1% |
| Net income to common | $1.09B | $3.18B | -$834.00M | $1.36B | -65.9% |
| Basic EPS | 5.94 | 18.66 | -4.92 | 7.93 | -68.2% |
| Diluted EPS | 5.83 | 18.41 | -4.92 | 7.78 | -68.3% |
| EBIT | $1.56B | $4.36B | -$817.00M | $2.01B | -64.1% |
| Basic shares | 182.70M | 170.60M | 169.60M | 171.03M | +7.1% |
| Diluted shares | 186.70M | 173.10M | 170.70M | 172.70M | +7.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $9.50B | $5.80B | $3.37B | $3.34B | +63.8% |
| Cash & short-term investments | $34.77B | $92.91B | $92.10B | $103.08B | -62.6% |
| Accounts receivable | $28.01B | $28.75B | $29.84B | $19.95B | -2.6% |
| Goodwill & intangibles | $1.14B | $1.14B | $1.14B | $1.14B | 0.0% |
| Total assets | $417.20B | $390.83B | $372.41B | $334.33B | +6.7% |
| Current debt | $400.00M | $300.00M | $250.00M | $500.00M | +33.3% |
| Long-term debt | $6.03B | $6.05B | $5.87B | $6.13B | -0.4% |
| Total debt | $6.43B | $6.36B | $6.12B | $6.63B | +1.2% |
| Total liabilities | $406.30B | $382.56B | $365.52B | $329.23B | +6.2% |
| Retained earnings | $8.39B | $7.64B | $4.78B | $5.92B | +9.7% |
| Shareholder equity | $10.91B | $8.27B | $6.89B | $5.10B | +31.9% |
| Net tangible assets | $9.76B | $7.13B | $5.75B | $3.96B | +37.0% |
| Shares issued | 190.05M | 170.38M | 169.67M | 169.22M | +11.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $1.18B | $3.27B | -$752.00M | $1.36B | — | -64.1% |
| Change in working capital | -$1.95B | -$2.42B | -$3.61B | $5.13B | — | +19.3% |
| Operating cash flow | -$167.00M | -$2.01B | -$2.07B | $3.61B | — | +91.7% |
| Investing cash flow | -$4.01B | $821.00M | -$3.33B | -$11.65B | — | -588.8% |
| Share buybacks | — | $0 | $0 | -$550.00M | -$1.10B | — |
| Dividends paid | -$416.00M | -$398.00M | -$387.00M | -$310.00M | — | -4.5% |
| Financing cash flow | $7.88B | $3.62B | $5.43B | $8.77B | — | +117.6% |
| Free cash flow | -$167.00M | -$2.01B | -$2.07B | $3.61B | — | +91.7% |
| End cash position | $9.50B | $5.80B | $3.37B | $3.34B | — | +63.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $4.57B | $5.32B | $4.97B | $4.59B | $4.07B | — | -14.1% |
| Operating revenue | $4.57B | $5.32B | $4.97B | $4.59B | $4.07B | — | -14.1% |
| Net interest income | -$82.00M | -$81.00M | -$262.00M | -$79.00M | $13.00M | — | -1.2% |
| Pre-tax income | $1.64B | -$246.00M | $915.00M | $524.00M | $848.00M | — | +767.9% |
| Tax provision | $311.00M | -$74.00M | $161.00M | $79.00M | $149.00M | — | +520.3% |
| Net income | $1.33B | -$172.00M | $754.00M | $445.00M | $699.00M | — | +874.4% |
| Net income to common | $1.32B | -$206.00M | $743.00M | $411.00M | $688.00M | — | +741.3% |
| Basic EPS | 6.85 | -1.08 | 3.89 | 2.15 | 3.88 | — | +734.3% |
| Diluted EPS | 6.72 | -1.10 | 3.80 | 2.12 | 3.80 | — | +710.9% |
| EBIT | $1.73B | -$165.00M | $996.00M | $603.00M | — | -$869.00M | +1,145.5% |
| Basic shares | 192.86M | 191.89M | 191.10M | 190.80M | 177.20M | — | +0.5% |
| Diluted shares | 196.42M | 196.50M | 196.30M | 195.00M | 180.60M | — | -0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $10.16B | $7.34B | $9.50B | $10.67B | $7.14B | +38.4% |
| Cash & short-term investments | $39.42B | $34.77B | $34.77B | $33.91B | $30.08B | +13.4% |
| Accounts receivable | $27.23B | $27.69B | $28.01B | $28.66B | $28.44B | -1.7% |
| Goodwill & intangibles | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | 0.0% |
| Total assets | $429.80B | $406.16B | $417.20B | $415.27B | $399.06B | +5.8% |
| Current debt | $400.00M | $400.00M | $400.00M | $0 | $0 | 0.0% |
| Long-term debt | $6.46B | $5.97B | $6.03B | $5.77B | $5.77B | +8.3% |
| Total debt | $6.87B | $6.37B | $6.43B | $5.77B | $5.77B | +7.8% |
| Total liabilities | $418.45B | $395.95B | $406.30B | $404.82B | $389.52B | +5.7% |
| Retained earnings | $9.32B | $8.09B | $8.39B | $7.73B | $7.41B | +15.2% |
| Shareholder equity | $11.35B | $10.21B | $10.91B | $10.45B | $9.55B | +11.1% |
| Net tangible assets | $10.21B | $9.07B | $9.76B | $9.31B | $8.40B | +12.5% |
| Shares issued | 191.43M | 191.21M | 190.05M | 189.92M | 189.57M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $1.33B | -$172.00M | $754.00M | $446.00M | $699.00M | +874.4% |
| Change in working capital | -$524.00M | -$349.00M | -$794.00M | -$610.00M | $215.00M | -50.1% |
| Operating cash flow | -$558.00M | $138.00M | $233.00M | -$1.14B | $1.01B | -504.3% |
| Investing cash flow | $2.58B | -$3.45B | -$3.91B | $2.21B | -$266.00M | +174.6% |
| Dividends paid | -$98.00M | -$120.00M | -$97.00M | -$120.00M | -$88.00M | +18.3% |
| Financing cash flow | $800.00M | $1.16B | $2.51B | $2.45B | $2.11B | -31.0% |
| Free cash flow | -$558.00M | $138.00M | $233.00M | -$1.14B | $1.01B | -504.3% |
| End cash position | $10.16B | $7.34B | $9.50B | $10.67B | $7.14B | +38.4% |
Options analytics
Put / call volume
0.40
Call-heavy session
Put / call open interest
1.16
Positioning, not flow
Max pain
40.00
-4.9% from spot
ATM implied vol
28.4%
Nearest strike to spot
Skew (10% OTM)
+4.4%
Puts bid over calls
Call volume
164
Contracts, this expiry
Put volume
66
Contracts, this expiry
Heaviest call OI
40.00
2.96K contracts
Heaviest put OI
30.00
2.13K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.96 | 2.24 | +14.5% |
| Mar 2026 | 1.60 | 1.66 | +4.0% |
| Dec 2025 | 1.90 | 2.21 | +16.5% |
| Sep 2025 | 1.87 | 2.04 | +9.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 2.01 | 11 | $4.99B | +4.5% |
| Next quarter | 2.05 | 11 | $5.02B | +2.6% |
| Current year | 7.94 | 13 | $19.82B | +3.9% |
| Next year | 8.73 | 13 | $20.62B | +4.1% |
Analyst targets & ownership
Mean target$48.08
High target$60.00
Low target$35.00
Implied upside14.27%
Analyst count12
ConsensusHOLD
Strong buy / Buy3 / 3
Hold5
Sell / Strong sell1 / 1
Held by insiders0.34%
Held by institutions86.97%
Institutions holding777
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
40.92
+2.82% from price
SMA 20
41.86
+0.51% from price
SMA 50
43.34
-2.92% from price
SMA 100
40.38
+4.21% from price
SMA 200
39.38
+6.86% from price
EMA 12
41.25
+2.01% from price
EMA 26
41.90
+0.42% from price
EMA 50
41.98
+0.23% from price
RSI (14)
51.0
Neutral
MACD (12,26,9)
-0.65
Hist -0.01
ATR (14)
1.10
2.62% of price
Realised vol 30D
26.8%
Annualised
Bollinger upper
44.37
20, 2σ
Bollinger lower
39.36
20, 2σ
50 / 200 cross
Golden
43.34 vs 39.38
Trend bias
Above 200
+6.86%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.09
More volatile than market
Correlation to SPY
0.41
Loosely linked
Realised vol 30D
26.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-29.9%
Peak to trough
Max drawdown 5Y
-74.9%
Peak to trough
ATR 14
1.10
2.62% of price
Beta (reported)
1.15
5Y monthly, from filing
Short interest
Shares short
12.14M
Prior 10.35M
Change vs prior
+17.3%
Shorts adding
% of float
7.10%
Normal
% of shares out
6.34%
Against total outstanding
Days to cover
6.6
Crowded exit
Float
171.56M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 6, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Oct 5, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Aug 24, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Jul 31, 26 | Mizuho | MAINTAINED | Outperform | Outperform |
| Jul 31, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jul 22, 26 | TD Cowen | MAINTAINED | Hold | Hold |
| Jul 21, 26 | JP Morgan | MAINTAINED | Underweight | Underweight |
| Jul 13, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Jul 13, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jul 10, 26 | Jefferies | MAINTAINED | Buy | Buy |
| Jul 9, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Jul 9, 26 | Mizuho | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate$1.80 / yr
Forward yield4.40%
5-year avg yield4.59%
Payout ratio15.35%
Ex-dividend dateOct 9, 2026
Next pay dateNov 2, 2026
Last split2:1
Split dateJun 22, 1999
SEC filings
Tender Offer/Acquisition Reports
SC TO-I/A · 2026-09-09
Periodic Financial Reports
10-Q · 2026-07-30
Corporate Changes & Voting Matters
8-K · 2026-06-29
Annual report of employee stock purchase
11-K · 2026-06-25
Corporate Changes & Voting Matters
8-K · 2026-06-01
Periodic Financial Reports
10-Q · 2026-05-07
Annual Report to Shareholders
ARS · 2026-04-16
Corporate Changes & Voting Matters
8-K · 2026-03-31
Headlines
UBS Adjusts Price Target on Lincoln National to $46 From $44, Keeps Neutral Rating
MT Newswires · 14h ago
1 Safe-and-Steady Stock with Promising Prospects and 2 We Question
StockStory · 5d ago
Lincoln National Reports Closing of $6.3 Billion Reinsurance Transaction With Talcott
MT Newswires · 5d ago
Lincoln Financial Closes $6.3 Billion Reinsurance Transaction with Talcott
Business Wire · 5d ago
Lincoln Financial and EBRI Research Highlights the Critical Importance of Benefits Education and Communication
Business Wire · 6d ago
Lincoln Financial to Report 2026 Third Quarter Results on November 5
Business Wire · 6d ago
The Zacks Analyst Blog Highlights Reinsurance Group, Lincoln National and Voya Financial
Zacks · 7d ago
Q2 Earnings Highs And Lows: Lincoln Financial Group (NYSE:LNC) Vs The Rest Of The Life Insurance Stocks
StockStory · 7d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.