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Lincoln National Corp (LNC) stock

LNCNYSELife InsuranceFiscal year ends December 31Also trades as LNC.PD
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 20/3048% below fair value
$41.80−0.76 (-1.79%)

Close on Nov 12, 2026Market cap $8.00BP/E 2.6Yield 4.31%

Lincoln National Corp grew revenue 10.3% to $20.25B over the twelve months to Sep 30, 2026. At the latest close the market valued the company at $8.00B, 2.6 times its earnings.

Revenue
$20.25B
+10.3% vs. a year earlier
EPS, diluted
$16.19
+45.3% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$8.00B
P/E ratio
2.6
Price to sales
0.40
Price to book
0.85
Dividend yield
4.31%
Free cash flow yield
–

Fundamentals

Revenue
$20.25B
Net income
$3.31B
EPS, diluted
$16.19
Book value per share
$47.92
Diluted shares
197M

Trading

Next earnings
Feb 11, 2027 (estimated, before the open)
Previous close
$42.56
Open
$42.62
Day's range
$41.71 – $42.84
Volume
1,684,096
Average volume (20 days)
2,076,737
Index membership
S&P SmallCap 600 (since Nov 2023), Russell 1000, Russell 3000
Beta (5 years)
1.38
52-week range
$32.18 – $47.66
RSI (14 days)
56.8
Volatility (1 year)
34.9%
Relative volume
0.68×
WACC
11.8%

On 2 of our idea lists: Undervalued and financially sound, Breakout quarter

Index membership is inferred from the holdings of funds that track each index (SPSM, IJR, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2010, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodLNCS&P 500DifferenceLNC per yearS&P 500 per year
1 month+3.2%-2.7%+5.9 pts
3 months-4.2%-1.7%−2.4 pts
Year to date-1.7%+11.9%−13.6 pts
1 year+4.7%+12.0%−7.3 pts
3 years+122.4%+78.2%+44.2 pts+30.5%+21.2%
5 years-26.2%+73.2%−99.5 pts-5.9%+11.6%
10 years+3.1%+309.6%−306.5 pts+0.3%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$20.25B+10.3% YoY

Net income

$3.31B+57.1% YoY

EPS, diluted

$16.19+45.3% YoY
Reported periodTrailing twelve months

Press releases

Releases Lincoln National filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Lincoln National

Life Insurance

Lincoln National Corporation operates insurance and retirement businesses through several core operating segments, including Annuities, Life Insurance, Group Protection, and Retirement Plan Services. The company offers a wide range of wealth accumulation, wealth protection, and retirement income solutions. Key offerings include variable, fixed, and registered index-linked annuities, as well as term, universal, indexed universal, and variable universal life insurance with optional long-term care benefits. In addition, the company provides employer-sponsored group disability, absence management, term life, dental, vision, and supplemental health insurance, alongside retirement plan recordkeeping, administration, and investment services. Products are marketed to individuals and employer groups ranging from small businesses to large enterprises.

Company profile, executives and history

Lincoln National stock: common questions

What is Lincoln National's stock price?

LNC closed at $41.80 on Nov 12, 2026, down 1.79% on the day. Over the past 52 weeks it traded between $32.18 and $47.66.

What is Lincoln National's market cap?

Lincoln National was worth $8.00B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is LNC's P/E ratio?

LNC trades at 2.6 times earnings, based on diluted earnings per share of $16.19 over the twelve months to Sep 30, 2026.

How much revenue does Lincoln National make?

Lincoln National reported revenue of $20.25B for the twelve months to Sep 30, 2026, up 10.3% from a year earlier.

Does Lincoln National pay a dividend?

Yes. Lincoln National paid $1.80 per share over the last twelve months, a yield of 4.31% at the latest price.

When does Lincoln National report earnings next?

Lincoln National is expected to report Q4 FY2026 results on Feb 11, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has LNC stock performed over the past year?

Including dividends, LNC returned +4.7% over the past year, against +12.0% for the S&P 500.

How many LNC shares are sold short?

11M shares were sold short at the latest FINRA report, 6.39% of the float, or 6.3 days of average trading volume.

Who are Lincoln National's competitors?

Companies most similar to Lincoln National by business, industry and size include CRBG, FG, ATH.PA, RGA, ANG.PD.

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