LNC — Lincoln National Corporation

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

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 … Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$35.78
Market Cap$6.88B
Float171.3M
Shares Outstanding191.2M
P/E (Forward)4.08
P/E (TTM)3.94
Price/Sales (TTM)0.37
vs. Analyst Target+19.7% to analyst PT
Profit Margin9.17%
Operating Margin (TTM)-4.07%
Revenue (TTM)$18.83B
Earnings Growth (YoY)-60.70%
Dividend Rate1.8%
Analyst Target Price$42.83 (12 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $17.58B $499M $3.46B $744M
2021 $17.61B $3.78B $3.90B $4.96B
2022 $18.78B -$2.23B $18.78B $6.38B
2023 $11.71B -$752M $50.0M -$773M
2024 $17.99B $3.27B $4.60B $4.45B
2025 $18.21B $1.18B $10.44B $1.56B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $4.07B $699M
Sep 2025 $4.59B $445M
Dec 2025 $4.92B $754M
Mar 2026 $5.31B -$172M

Ownership & Float

Insider Ownership0.4%
Institutional Ownership84.6%
Short Float0.0%
% of All Funds Holding6.91%
Number of Funds Holding568

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$35.66Near-term / short-term trend
Weekly40-Week SMA$39.40Medium-term trend
Weekly80-Week SMA$36.92Cyclical trend (business cycle)
Weekly200-Week SMA$33.03Secular trend (multi-year)
Monthly10-Month SMA$39.59Near-term monthly trend
Monthly20-Month SMA$37.29Medium-term monthly trend
Monthly40-Month SMA$32.36Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$41.00 resistance 1.36x 2 months ago

Historical Earnings Reactions (121 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.25% 0.24% 57.02% 14.77% -24.22%
1 Day 0.22% 0.21% 51.24% 32.96% -33.15%
1 Week 0.77% 1.67% 61.98% 23.14% -33.53%
2 Weeks 1.08% 1.46% 60.33% 43.81% -36.92%
1 Month 1.56% 2.08% 59.17% 64.99% -49.18%

Next earnings: July 30, 2026 (64 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan1.3%60.9%46
Feb-0.8%60.9%46
Mar-0.6%43.5%46
Apr2.2%46.8%47
May3.1%60.9%46
Jun-0.7%52.2%46
Jul1.9%58.7%46
Aug1.0%56.5%46
Sep-2.1%41.3%46
Oct0.7%58.7%46
Nov3.4%63.0%46
Dec1.1%56.5%46

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.02% 47.6% 2200
Tuesday 0.11% 49.8% 2388
Wednesday 0.05% 48.2% 2386
Thursday -0.01% 49.1% 2340
Friday 0.13% 49.6% 2326

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 84.6%

Insider Transactions — Smart Summary

Total insider ownership: 0.4%

12-Month Insider Activity Summary

Total Filings12
Net Value-$4.0M
Net Shares Change4,446,378
% of Float2.6%
C-Suite Filings10
Clusters Detected2

Key Insiders

NameTitleNet ValueFilingsActivity
LINCOLN NATIONAL LIFE INSURANCE CO /IN/ +$50.0M 1 1 buy
Woodroffe Sean EVP, Ch Ppl Comms Ent Srvc Off -$3.1M 3 3 sell
Kroll Brian EVP, Head of Life and Annuities -$333,482.5 1 1 sell
Kennedy John Christopher EVP, Chief Dist. and Brand Off -$172,001.763 2 1 buy, 2 sell
Reid James Waltman EVP Workplace Solutions -$127,520.5 1 1 sell
Ryan Owen +$84,340 1 1 buy
Charters Jennifer EVP, Chief Information Officer +$9,783 1 1 buy

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-08-08 – 2025-08-19 3 3 -$355,525.133 3 C-suite
2026-02-19 – 2026-03-02 3 3 +$49.5M 2 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-03-16 Charters Jennifer EVP, Chief Information Officer +$9,783 Transaction at $32.61, now +9.7%
2026-02-27 LINCOLN NATIONAL LIFE INSURANCE CO /IN/ +$50.0M Transaction at $10.98, now +225.9%
2026-03-09 Woodroffe Sean EVP, Ch Ppl Comms Ent Srvc Off -$261,920 Transaction at $32.74, now +9.3%
2026-03-02 Woodroffe Sean EVP, Ch Ppl Comms Ent Srvc Off -$344,600 Transaction at $34.46, now +3.8%
2025-08-08 Kennedy John Christopher EVP, Chief Dist. and Brand Off -$16,637.913 Transaction at $39.36, now -9.1%
2025-11-14 Ryan Owen +$84,340 Transaction at $42.17, now -15.2%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Lincoln National Corporation (LNC) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for LNC on Trend Edge →