Lincoln National Corporation $LNC Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its holdings in shares of Lincoln National Corporation (NYSE:LNC) by 13.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 224,658 shares of the financial services provider’s stock after selling 35,995 shares during the period. Illinois Municipal Retirement Fund owned 0.12% of Lincoln National worth $9,060,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Lincoln National by 0.7% during the second quarter. State Street Corp now owns 6,199,526 shares of the financial services provider’s stock worth $214,504,000 after purchasing an additional 40,676 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Lincoln National by 21.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,952,166 shares of the financial services provider’s stock valued at $240,051,000 after buying an additional 1,035,505 shares during the last quarter. First Trust Advisors LP raised its stake in Lincoln National by 20.0% during the 2nd quarter. First Trust Advisors LP now owns 4,645,447 shares of the financial services provider’s stock worth $160,732,000 after acquiring an additional 774,721 shares in the last quarter. LSV Asset Management lifted its position in Lincoln National by 16.9% in the second quarter. LSV Asset Management now owns 2,736,180 shares of the financial services provider’s stock valued at $94,672,000 after acquiring an additional 394,584 shares during the last quarter. Finally, Norges Bank acquired a new position in Lincoln National in the second quarter valued at $87,362,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lincoln National

In other news, EVP John Christopher Kennedy sold 3,519 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $44.15, for a total transaction of $155,363.85. Following the completion of the transaction, the executive vice president directly owned 118,985 shares of the company’s stock, valued at approximately $5,253,187.75. This represents a 2.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.51% of the company’s stock.

Lincoln National Stock Up 0.6%

LNC stock opened at $40.90 on Friday. The stock has a market capitalization of $7.77 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.43 and a beta of 1.30. The company has a fifty day moving average of $42.98 and a 200-day moving average of $41.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.28 and a current ratio of 0.27. Lincoln National Corporation has a one year low of $27.58 and a one year high of $46.82.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.35. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Lincoln National had a net margin of 6.46% and a return on equity of 18.52%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.91 earnings per share. As a group, analysts expect that Lincoln National Corporation will post 7.69 EPS for the current year.

Key Lincoln National News

Here are the key news stories impacting Lincoln National this week:

• Positive Sentiment: Q4 beat and strong profitability — LNC reported Q4 EPS of $2.21 vs. consensus $1.86 and revenue of $4.89B (vs. ~$4.85B), with fourth-quarter net income available to common of $745M and adjusted operating income of $434M; management highlighted record operating income. Lincoln National Corp (LNC) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Business mix & capital efficiency driving outperformance — Analysts and company commentary point to a favorable shift in business mix, stronger capital allocation and higher return-on-equity metrics that amplified results and underpin the stock rally. LNC Q4 Deep Dive: Business Mix Shift and Capital Efficiency Drive Outperformance
• Positive Sentiment: Market reaction / investor notes — Coverage pieces explain the stock jump (one notes a ~5.65% intraday move) driven by the beat, confirmed execution and clearer capital-return optionality (dividends/buybacks). That investor enthusiasm is boosting the shares. Why Lincoln National Corporation’s (LNC) Stock Is Up 5.65%
• Neutral Sentiment: Earnings call transcripts available — Full call transcripts (Seeking Alpha, Yahoo/MSN) provide management color on segment performance, capital actions and outlook; nothing in the transcripts so far contradicts the positive takeaways. Lincoln National Corporation (LNC) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Metric-level analysis — Note pieces (Zacks, others) compare key metrics to estimates and prior year; while EPS and operating income outperformed, some line-item trends warrant watching (see linked analysis). Compared to Estimates, Lincoln National (LNC) Q4 Earnings
• Negative Sentiment: Revenue trend and longer-term growth questions — Revenue was down ~2.8% year-over-year, highlighting that top-line growth remains a challenge even as margins and capital returns improve; investors should watch upcoming guidance and sales/renewal trends. Lincoln National (LNC) Beats Q4 Earnings and Revenue Estimates

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LNC. Morgan Stanley reiterated an “overweight” rating on shares of Lincoln National in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lincoln National in a research report on Monday, December 29th. UBS Group boosted their price objective on Lincoln National from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Wells Fargo & Company raised their target price on shares of Lincoln National from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Lincoln National in a report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.25.

Lincoln National Company Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.