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.
Company profile
Ticker
LNC, LNC-PD
Exchange
Website
CEO
Ms. Ellen R. Gail Cooper C.F.A., F.S.A.
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LINCOLN NATIONAL CORP ET AL
SEC CIK
Corporate docs
Subsidiaries
First Penn-Pacific Life Insurance Company • Jefferson-Pilot Investments, Inc. • Lincoln Financial Securities Corporation • Lincoln Insurance Services Limited • Lincoln Investment Management Company • Lincoln Financial Limited Liability Company • Lincoln National Management Corporation • Lincoln National Reinsurance Company (Barbados) Limited • Lincoln Financial Reinsurance Company • The Lincoln National Life Insurance Company ...
IRS number
351140070
LNC stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Amendments to Articles of Incorporation or Bylaws
18 Sep 24
8-K
Departure of Directors or Certain Officers
26 Aug 24
10-Q
2024 Q2
Quarterly report
1 Aug 24
8-K
Lincoln Financial Group Reports 2024 Second Quarter Results
1 Aug 24
FWP
Free writing prospectus
28 May 24
FWP
Free writing prospectus
28 May 24
S-8
Registration of securities for employees
24 May 24
8-K
Departure of Directors or Certain Officers
24 May 24
S-3ASR
Automatic shelf registration
20 May 24
8-K
Departure of Directors or Certain Officers
15 May 24
Transcripts
LNC
Earnings call transcript
2024 Q2
1 Aug 24
LNC
Earnings call transcript
2024 Q1
2 May 24
LNC
Earnings call transcript
2023 Q4
8 Feb 24
LNC
Earnings call transcript
2023 Q3
2 Nov 23
LNC
Earnings call transcript
2023 Q2
3 Aug 23
LNC
Earnings call transcript
2023 Q2
3 Aug 23
LNC
Earnings call transcript
2023 Q1
10 May 23
LNC
Earnings call transcript
2022 Q4
9 Feb 23
LNC
Earnings call transcript
2022 Q3
3 Nov 22
LNC
Earnings call transcript
2022 Q2
4 Aug 22
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 5.48 bn | 5.48 bn | 5.48 bn | 5.48 bn | 5.48 bn | 5.48 bn |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 286.33 mm | 136.17 mm |
Cash used (since last report) | n/a | n/a | n/a | n/a | 1.14 bn | 542.88 mm |
Cash remaining | n/a | n/a | n/a | n/a | 4.33 bn | 4.93 bn |
Runway (months of cash) | n/a | n/a | n/a | n/a | 15.1 | 36.2 |
Institutional ownership, Q2 2024
74.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 532 |
Opened positions | 89 |
Closed positions | 51 |
Increased positions | 171 |
Reduced positions | 174 |
13F shares | Current |
---|---|
Total value | 3.72 tn |
Total shares | 126.39 mm |
Total puts | 4.71 mm |
Total calls | 2.66 mm |
Total put/call ratio | 1.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 20.71 mm | $644.08 bn |
BLK BlackRock | 16.27 mm | $505.94 bn |
STT State Street | 6.15 mm | $191.20 bn |
Massachusetts Financial Services | 4.57 mm | $142.15 bn |
MS Morgan Stanley | 3.91 mm | $121.55 bn |
Geode Capital Management | 3.22 mm | $100.19 bn |
PFG Principal Financial | 3.09 mm | $95.98 bn |
Citadel Advisors | 3.00 mm | $93.19 bn |
Dimensional Fund Advisors | 2.83 mm | $87.97 bn |
NTRS Northern Trust | 2.77 mm | $86.07 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Sep 24 | Lachman M Leanne | Phantom Stock Unit Common Stock | Grant | Acquire A | No | No | 31.51 | 1,428.12 | 45.00 k | 30,625.68 |
30 Sep 24 | Connelly Deirdre P | Phantom Stock Unit Common Stock | Grant | Acquire A | No | No | 31.51 | 1,428.12 | 45.00 k | 36,793.79 |
30 Sep 24 | Cunningham William H DR | Phantom Stock Unit Common Stock | Grant | Acquire A | No | No | 31.51 | 1,904.16 | 60.00 k | 171,056.31 |
30 Sep 24 | Utter LYNN M | Phantom Stock Unit Common Stock | Grant | Acquire A | No | No | 31.51 | 2,300.86 | 72.50 k | 52,320.71 |
30 Sep 24 | Janet Liang | Phantom Stock Unit Common Stock | Grant | Acquire A | No | No | 31.51 | 2,300.86 | 72.50 k | 26,579.01 |
News
Wall Street's Most Accurate Analysts Give Their Take On 3 Financials Stocks Delivering High-Dividend Yields
18 Oct 24
Corebridge Enhances Retirement Solutions With MarketLock Annuity
10 Oct 24
Wells Fargo Maintains Equal-Weight on Lincoln National, Raises Price Target to $29
10 Oct 24
TD Cowen Initiates Coverage On Lincoln National with Hold Rating, Announces Price Target of $34
9 Oct 24
Where Lincoln National Stands With Analysts
2 Oct 24
Press releases
Lincoln Financial Appoints Jennifer Charters as EVP, Chief Information Officer
22 Oct 24
Lincoln Financial to Report 2024 Third Quarter Results on October 31
3 Oct 24
Lincoln Financial Launches New Tool, Helping Parents Prepare Earlier, With Personalized Guidance for Growing Families
19 Sep 24
Lincoln Financial Mourns the Death of Board Member Michael F. Mee
18 Sep 24
New Look, Same Promise: Lincoln Financial Refreshes Brand, Keeping Its Iconic Namesake at the Forefront
16 Sep 24