LNC- Lincoln National Corporation
Financial Services · Insurance - Life
Price & Performance
Performance
Analysis & Verdict
Analyst Ratings
HoldWall Street consensus from 12 analysts
12-Month Price Target
$47.92
Based on analyst estimates; price targets are opinions, not guarantees.
Fair Value Estimates
Current price: $44.04
Graham Number
√(22.5 × EPS × Book Value)
$120.24
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$29.60
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
9/10
90% score
Pays dividends
15Y hist.15+ years of dividend history
Dividend consistency (5Y+)
15 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
22.6%Return on equity - measures how efficiently capital is used
Positive profit margin
12.2%Net profit margin must be positive - company earns more than it spends
Revenue growth (annual)
+12.6%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
+76.8%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
63.80×Low financial leverage reduces risk of distress
Current ratio above 1
2.18×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$86M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
4.11%Stock must distribute income to shareholders
Financials
Revenue & Results
Key Statistics
Earnings
Next Earnings
Oct 29, 2026
44
days
EPS (TTM)
$11.87
P/E (TTM)
3.7
Fwd P/E
5.1
SEC Filings & Reported Financials
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Insider Transactions
SEC Form 4 · officers, directors & 10% owners
Dividends & Income
Dividends
Current DY
4.11%
5Y Avg Annual
$1.7100
Last Payment
$0.4500
Ex-Date
07/10/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest07/10/2026 | 08/03/2026 | $0.4500 | 4.09% |
04/10/2026 | 05/04/2026 | $0.4500 | 4.09% |
01/12/2026 | 02/05/2026 | $0.4500 | 4.09% |
10/10/2025 | 11/03/2025 | $0.4500 | 4.09% |
07/10/2025 | 08/03/2025 | $0.4500 | 4.09% |
04/10/2025 | 05/04/2025 | $0.4500 | 4.09% |
01/10/2025 | 02/03/2025 | $0.4500 | 4.09% |
10/10/2024 | 11/03/2024 | $0.4500 | 4.09% |
Magic Number
Shares needed to self-fund your next purchase
$44.04
Price
$0.4500
Last div. (quarterly)
98
shares
Own 98 LNC shares ($4,315.92) and each quarterly dividend pays for 1 new share - the snowball runs on its own.
Investment target
$4,315.92
New shares / year
+4 shares
Dividend Calculator
4.09% yieldEstimate LNC dividend income at the current rate.
Per year
$408.72
Per month
$34.06
≈ 227.1 shares at $1.8/share a year. Estimate only - dividends can be cut or raised.
Tools & Simulators
LNC vs Peers, Indexes & Commodities
?Click a card below to plot it on the chart
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Parameters
Final value
$426,404.61
Total invested
$130,000.00
Total interest
$296,404.61
Balance over time
Period breakdown
| Period | Balance | Invested | Interest |
|---|---|---|---|
| Start | $10,000.00 | $10,000.00 | $0.00 |
| Year 1 | $17,270.27 | $16,000.00 | $1,270.27 |
| Year 2 | $25,267.56 | $22,000.00 | $3,267.56 |
| Year 3 | $34,064.59 | $28,000.00 | $6,064.59 |
| Year 4 | $43,741.32 | $34,000.00 | $9,741.32 |
| Year 5 | $54,385.72 | $40,000.00 | $14,385.72 |
| Year 6 | $66,094.55 | $46,000.00 | $20,094.55 |
| Year 7 | $78,974.28 | $52,000.00 | $26,974.28 |
| Year 8 | $93,141.97 | $58,000.00 | $35,141.97 |
| Year 9 | $108,726.44 | $64,000.00 | $44,726.44 |
| Year 10 | $125,869.35 | $70,000.00 | $55,869.35 |
| Year 11 | $144,726.56 | $76,000.00 | $68,726.56 |
| Year 12 | $165,469.48 | $82,000.00 | $83,469.48 |
| Year 13 | $188,286.70 | $88,000.00 | $100,286.70 |
| Year 14 | $213,385.63 | $94,000.00 | $119,385.63 |
| Year 15 | $240,994.47 | $100,000.00 | $140,994.47 |
| Year 16 | $271,364.18 | $106,000.00 | $165,364.18 |
| Year 17 | $304,770.87 | $112,000.00 | $192,770.87 |
| Year 18 | $341,518.22 | $118,000.00 | $223,518.22 |
| Year 19 | $381,940.31 | $124,000.00 | $257,940.31 |
| Year 20 | $426,404.61 | $130,000.00 | $296,404.61 |
What is compound interest?
Compound interest means that the interest you earn in one period is added to your principal, so in the next period you earn interest on a larger base. This creates exponential growth: the longer your time horizon, the more dramatic the effect.
Which rate should I use?
The S&P 500 has historically returned ~10%/year before inflation over long periods - use this for an all-equity US index fund scenario. A balanced growth portfolio (stocks + bonds) is closer to 7%. High-yield savings accounts (HYSA) are currently paying around 4-5% with FDIC insurance and zero market risk. Bonds historically return ~4% annualized.
Formula used
FV = PV × (1+r)^n + PMT × ((1+r)^n − 1) / rwhere r is the monthly rate, n is the number of months, PV is the initial investment, and PMT is the monthly contribution. Annual rates are converted to monthly viar = (1 + annual%)^(1/12) − 1.
For educational purposes only. Not financial advice. Past returns do not guarantee future results.
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About Lincoln National Corporation
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders. Its Annuities segment offers variable, fixed, and registered index-linked annuities. The Group Protection segment offers group nonmedical insurance products consisting of short and long-term disability and administration services, statutory disability; paid family medical leave administration and absence management services; term life; life; supplemental health insurance; accident, critical illness, and hospital indemnity benefits and dental and vision products to the employer marketplace through various forms of employee-paid and employer-paid plans. Its Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and various plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. It distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, financial institutions, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.
Sector
Financial Services
Industry
Insurance - Life
Location
Radnor, United States
Employees
9,423
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Lincoln National Corporation (LNC) stock trades at $44.04, up 0.46% on the day. With a market capitalization of $8.43 billion, LNC is a mid-cap financial services stock. It trades at a price-to-earnings (P/E) ratio of 3.7, a forward P/E of 5.1 and earnings per share (EPS) of $11.87. Over the most recent period the company reported 13% year-over-year revenue growth and a net profit margin of 12.2%. Below you'll find LNC's full fundamentals, fair-value estimates, dividend history, earnings and our buy, hold or avoid verdict for 2026.
LNC - Frequently Asked Questions
Is Lincoln National Corporation (LNC) a good stock to buy in 2026?
Lincoln National Corporation (LNC) shows strengths such as revenue growth of 13% and a 23% return on equity, while risks include high leverage (debt/equity of 63.8). Whether LNC is a good buy in 2026 depends on your time horizon and risk tolerance - review the full bull case, bear case and fair-value estimates above. This is informational analysis, not financial advice.
What is LNC's stock price today?
Lincoln National Corporation (LNC) trades at $44.04, up 0.46% on the session. Prices on this page update throughout the trading day.
Does LNC pay a dividend?
Yes. Lincoln National Corporation pays an annual dividend of $1.80 per share, a dividend yield of 4.11%. The most recent ex-dividend date was October 9, 2026. Its payout ratio is about 15% of earnings.
Is LNC overvalued?
With a P/E ratio of 3.7×, LNC trades at a relatively modest valuation for the financial services sector. Its PEG ratio is 1.01. See the Fair Value Estimates section above for Graham Number and dividend-based price targets.
What is LNC's market cap?
Lincoln National Corporation (LNC) has a market capitalization of $8.43 billion, classifying it as a mid-cap stock in the Financial Services sector.
Disclaimer: This page - including any buy/hold/avoid view, fair value or price estimate - is generated from market data for informational and educational purposes only and does not constitute financial, investment or trading advice. Data may be delayed or inaccurate. Always do your own research and consult a licensed financial advisor before making any investment decision.