Rep. Lisa C. McClain Sells Off Shares of Lincoln National Corporation (NYSE:LNC)

Representative Lisa C. McClain (R-Michigan) recently sold shares of Lincoln National Corporation (NYSE:LNC). In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lincoln National stock on June 17th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Autoliv (NYSE:ALV) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Arthur J. Gallagher & Co. (NYSE:AJG) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of SAP (NYSE:SAP) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of XPO (NYSE:XPO) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Lithia Motors (NYSE:LAD) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Sanofi (NASDAQ:SNY) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Group 1 Automotive (NYSE:GPI) on 7/22/2025.

Lincoln National Trading Up 0.6%

NYSE:LNC opened at $40.8250 on Thursday. Lincoln National Corporation has a 1 year low of $27.58 and a 1 year high of $41.08. The stock has a market cap of $7.74 billion, a P/E ratio of 7.12, a P/E/G ratio of 0.56 and a beta of 1.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a 50-day simple moving average of $35.65 and a 200-day simple moving average of $34.80.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, July 31st. The financial services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.45. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.65 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.During the same quarter last year, the company earned $1.87 EPS. As a group, analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, October 10th. Lincoln National’s payout ratio is 31.41%.

Insider Buying and Selling

In related news, EVP Brian Kroll sold 10,075 shares of Lincoln National stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $33.10, for a total value of $333,482.50. Following the transaction, the executive vice president directly owned 48,743 shares in the company, valued at $1,613,393.30. This trade represents a 17.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sean Woodroffe sold 43,622 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the completion of the transaction, the executive vice president directly owned 154,102 shares in the company, valued at $5,051,463.56. This represents a 22.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,697 shares of company stock valued at $1,959,862 over the last three months. 0.51% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on LNC shares. Barclays raised their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. National Bankshares set a $41.00 price target on shares of Lincoln National in a research note on Monday. Piper Sandler reduced their price target on shares of Lincoln National from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Morgan Stanley raised their price objective on Lincoln National from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of Lincoln National in a research report on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.70.

Institutional Investors Weigh In On Lincoln National

A number of institutional investors and hedge funds have recently made changes to their positions in LNC. Assetmark Inc. grew its holdings in shares of Lincoln National by 5.2% during the second quarter. Assetmark Inc. now owns 5,401 shares of the financial services provider’s stock worth $187,000 after buying an additional 268 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Lincoln National by 3.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 8,815 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 275 shares during the last quarter. State of Wyoming grew its stake in shares of Lincoln National by 2.7% in the 1st quarter. State of Wyoming now owns 11,630 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 305 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Lincoln National by 3.0% in the second quarter. Wedmont Private Capital now owns 10,749 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 311 shares during the period. Finally, MAI Capital Management raised its stake in shares of Lincoln National by 13.7% during the second quarter. MAI Capital Management now owns 2,616 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 315 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in 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.