LNC Lincoln National Corp.
Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. The company operates through the following segments: Annuities, Retirement Plan Services, Life Insurance, Group Protection, and Other Operations. The Annuities segment provides tax-deferred investment growth and lifetime income opportunities for its clients by offering fixed and variable annuities. The Retirement Plan Services segment includes employers with retirement plan products and services, primarily in the defined contribution retirement plan marketplaces. The Life Insurance segment focuses on the creation and protection of wealth for its clients by providing life insurance products, including term insurance, both single and survivorship versions of universal life insurance, variable universal life insurance and indexed universal life insurance products. The Group Protection segment offers group non-medical insurance products, which includes term life, disability, 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 Other Operations segment includes the financial data for operations. Lincoln National was founded in 1968 and is headquartered in Radnor, PA.
Company profile
Ticker
LNC
Exchange
Website
CEO
Dennis R. Glass
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Lincoln National Corp Et Al
SEC CIK
Corporate docs
IRS number
351140070
LNC stock data
()
Investment data
| Top 50 of 576 long holdings End of quarter 31 Mar 20 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
|---|---|---|---|---|
| $298M | 3.49M | 3.48M | +0.2 | |
| $174.36M | 6M | 7.39M | -18.7 | |
| $167.84M | 1.3M | 1.29M | +1.3 | |
| $123.29M | 970.19K | 1.07M | -9.5 | |
| $118.67M | 2.18M | 2.2M | -1.2 | |
| $112.03M | 1.7M | 1.58M | +7.6 | |
|
Vanguard Intl Equity Index F
(ALLWRLD EX US)
|
$93M | 2.27M | 1.48M | +52.8 |
|
Vanguard Tax-managed Intl FD
|
$89.4M | 2.68M | 2.62M | +2.2 |
| $72.25M | 1.79M | 1.58M | +13.1 | |
|
Vanguard Specialized Funds
|
$59.45M | 574.97K | 580.36K | -0.9 |
|
Vanguard Intl Equity Index F
(FTSE EMR MKT ETF)
|
$48.57M | 1.45M | 1.43M | +1.1 |
|
Vanguard Intl Equity Index F
(FTSE PACIFIC ETF)
|
$46.61M | 844.95K | 833.68K | +1.4 |
|
Vanguard Intl Equity Index F
(FTSE EUROPE ETF)
|
$44.26M | 1.02M | 969.76K | +5.4 |
| $44.22M | 559.03K | 536.29K | +4.2 | |
| $40.78M | 157.83K | 170.93K | -7.7 | |
|
SPDR S&P 500 Etf TR
|
$38.76M | 150.39K | 122.41K | +22.9 |
| $32.82M | 129.08K | 131.16K | -1.6 | |
| $22.82M | 280.69K | 248.28K | +13.1 | |
| $21.8M | 245.47K | 190.76K | +28.7 | |
| $21.25M | 193.19K | 187.02K | +3.3 | |
| $21.25M | 128.8K | NEW | ||
| $21.13M | 166.78K | 164.74K | +1.2 | |
| $20.82M | 132.04K | 129.66K | +1.8 | |
| $20.34M | 135.02K | 134.98K | 0 | |
| $19.95M | 132.76K | 74.4K | +78.4 | |
| $17.52M | 8.99K | 7.61K | +18.1 | |
| $17.28M | 247.45K | 237.73K | +4.1 | |
| $17.15M | 351.77K | 310.26K | +13.4 | |
|
Vanguard Intl Equity Index F
(FTSE SMCAP ETF)
|
$16.88M | 215.75K | 190.73K | +13.1 |
| $15.44M | 155.97K | 146.74K | +6.3 | |
| $14.23M | 263.38K | 274.46K | -4.0 | |
|
Vanguard Intl Equity Index F
(GLB EX US ETF)
|
$13.89M | 323.62K | 277.47K | +16.6 |
| $13.81M | 440.82K | 452.1K | -2.5 | |
|
Invesco QQQ TR
|
$13.35M | 70.14K | 74.37K | -5.7 |
| $12.41M | 125.17K | 133.28K | -6.1 | |
| $11.75M | 49.63K | 40.22K | +23.4 | |
| $11.32M | 182.35K | 188.64K | -3.3 | |
| $10.67M | 327.27K | 294.3K | +11.2 | |
| $10.41M | 72.36K | 75.68K | -4.4 | |
| $10.23M | 88.7K | 76.69K | +15.7 | |
| $9.92M | 185.5K | 140.49K | +32.0 | |
| $9.72M | 173.19K | 158.07K | +9.6 | |
| $9.53M | 104K | 138.44K | -24.9 | |
|
First TR Value Line Divid In
|
$8.61M | 310.97K | 189.16K | +64.4 |
| $8.58M | 107.43K | 127.81K | -15.9 | |
| $8.53M | 25.16K | 31.43K | -19.9 | |
| $8.31M | 395.28K | 326.84K | +20.9 | |
| $8.05M | 311.29K | 264.38K | +17.7 | |
| $7.94M | 60.53K | 58.77K | +3.0 | |
| $7.93M | 253.94K | 162.38K | +56.4 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
7 May 20
6 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 4.43B | 4.34B | 4.64B | 4.31B | |
| Net income | 52M | 431M | -161M | 363M | |
| Net profit margin | 1.18% | 9.92% | -3.47% | 8.42% | |
| Net change in cash | 3.64B | -376M | -375M | 1.72B | |
| Cash on hand | 6.2B | 2.56B | 2.94B | 3.31B |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 17.26B | 16.42B | 14.26B | 13.33B | |
| Net income | 886M | 1.64B | 2.08B | 1.19B | |
| Net profit margin | 5.13% | 9.99% | 14.58% | 8.94% | |
| Net change in cash | 218M | 717M | -1.09B | -424M | |
| Cash on hand | 2.56B | 2.35B | 1.63B | 2.72B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 30 Jun 20 | Pittard Patrick S | Phantom Stock Unit Common Stock | Grant | Aquire A | No | 36.79 | 1,121.23 | 41.25K | 16,406.18 |
| 30 Jun 20 | Henderson George W Iii | Phantom Stock Unit Common Stock | Grant | Aquire A | No | 36.79 | 1,121.23 | 41.25K | 52,246.59 |
| 30 Jun 20 | Cunningham William H DR | Phantom Stock Unit Common Stock | Grant | Aquire A | No | 36.79 | 2,555.04 | 94K | 111,765.35 |
| 30 Jun 20 | Fuller Wilford H. | Phantom Stock Units Common Stock | Discretionary | Aquire I | No | 36.79 | 787.47 | 28.97K | 79,155.81 |
| 30 Jun 20 | Utter LYNN M | Phantom Stock Unit Common Stock | Grant | Aquire A | No | 36.79 | 1,868.71 | 68.75K | 13,982.21 |
Institutional ownership Q1 2020
78.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 508 |
| Opened positions | 56 |
| Closed positions | 156 |
| Increased positions | 183 |
| Reduced positions | 195 |
13F shares |
Current |
|---|---|
| Total value | 60.53B |
| Total shares | 151.37M |
| Total puts | 1.04M |
| Total calls | 607.2K |
| Total put/call ratio | 1.7 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 22.88M | $602.33M |
| BLK BlackRock | 15.03M | $395.51M |
| STT State Street | 9.08M | $239.03M |
| FMR | 7.27M | $191.42M |
| LSV Asset Management | 5.25M | $138.17M |
| Lyrical Asset Management | 4.63M | $121.91M |
| Geode Capital Management | 3.22M | $84.67M |
| Arrowstreet Capital, Limited Partnership | 2.81M | $74.04M |
| JPM JPMorgan Chase & Co. | 2.72M | $71.72M |
| NTRS Northern Trust | 2.64M | $69.47M |
Content analysis
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| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
ACL, Award, broader, burden, CDO, CEO, challenging, CLO, closure, CodificationTM, Committee, commonly, concentration, confirmed, conversion, criteria, cut, cybersecurity, Cycle, deployed, depreciation, diminished, divided, downturn, ease, energy, ensuing, environmental, explicit, hardship, inconsistency, indemnification, indirect, lag, led, lifetime, likelihood, magnitude, matrix, medical, midpoint, migration, missed, monthly, municipal, Narrative, nonaccrual, nonperforming, Nonqualified, oil, outlined, PCD, population, precipitate, proactive, prolonged, provision, question, recaptured, recession, recessionary, reinstituted, reinvestment, remeasure, rental, resume, revert, securitized, SMC, stability, Susceptibility, tied, tranche, translated, treaty, trust, uncollectibility, uncollectible, underwriting, unemployment, unfunded, unwound, vacancy, vast, vintage, virtually, warranted, waterfall, world
Removed:
active, aggregating, ancillary, application, attached, biannually, bifurcate, Boston, calculating, capitalization, capitalized, Chester, commence, commenced, commencement, Comparative, conform, curve, derive, designation, differentiate, discrepancy, diversified, diversifying, earliest, eliminate, enter, equipment, expanded, expired, final, focused, geographically, history, implementing, ineffective, initially, instrument, lease, Liberty, LLACB, match, modification, MTA, November, objective, office, pattern, phase, platform, pool, practical, Protective, qualify, remove, repositioning, ROU, scale, separately, shortcut, shorten, show, space, Stockholder, subjective, terminate, threshold, unavailable, variance, volatile, weight
Financial reports
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
20 Feb 19
10-Q
2018 Q3
Quarterly report
2 Nov 18
10-Q
2018 Q2
Quarterly report
2 Aug 18
10-Q
2018 Q1
Quarterly report
3 May 18
10-K
2017 FY
Annual report
22 Feb 18
Current reports
8-K
Departure of Directors or Certain Officers
15 Jun 20
8-K
Other Events
15 May 20
8-K
Other Events
12 May 20
8-K
Lincoln Financial Group reports FIRST QUARTER 2020 RESULTS
6 May 20
8-K
Amendments to Articles of Incorporation or Bylaws
24 Mar 20
8-K
Lincoln Financial Group reports Fourth quarter and Full Year 2019 results
5 Feb 20
8-K
Lincoln Financial Group reports THIRD quarter 2019 results
30 Oct 19
8-K
Lincoln Financial Group Announces the Early Tender Results of Its Cash Tender Offer
26 Aug 19
8-K
Other Events
19 Aug 19
8-K
Other Events
16 Aug 19
Registration and prospectus
S-8
Registration of securities for employees
12 Jun 20
424B5
Prospectus supplement for primary offering
12 May 20
FWP
Free writing prospectus
8 May 20
424B5
Prospectus supplement for primary offering
8 May 20
FWP
Free writing prospectus
21 Feb 20
FWP
Free writing prospectus
21 Feb 20
FWP
Free writing prospectus
20 Dec 19
FWP
Free writing prospectus
20 Dec 19
424B5
Prospectus supplement for primary offering
14 Aug 19
FWP
Free writing prospectus
12 Aug 19
Proxies
DEFA14A
Additional proxy soliciting materials
20 May 20
DEFA14A
Additional proxy soliciting materials
24 Apr 20
DEF 14A
Definitive proxy
24 Apr 20
DEF 14A
Definitive proxy
12 Apr 19
DEFA14A
Additional proxy soliciting materials
12 Apr 19
DEF 14A
Definitive proxy
13 Apr 18
DEFA14A
Additional proxy soliciting materials
13 Apr 18
DEF 14A
Definitive proxy
14 Apr 17
DEFA14A
Additional proxy soliciting materials
14 Apr 17
PRE 14A
Preliminary proxy
28 Mar 17
Other
NO ACT
No action letter
9 Feb 17
UPLOAD
Letter from SEC
17 Jun 15
CORRESP
Correspondence with SEC
21 May 15
CORRESP
Correspondence with SEC
27 Apr 15
UPLOAD
Letter from SEC
24 Apr 15
UPLOAD
Letter from SEC
24 Dec 13
CORRESP
Correspondence with SEC
2 Dec 13
CORRESP
Correspondence with SEC
12 Nov 13
UPLOAD
Letter from SEC
4 Nov 13
CORRESP
Correspondence with SEC
10 Oct 13
Ownership
4
LINCOLN NATIONAL / PATRICK S PITTARD ownership change
2 Jul 20
4
LINCOLN NATIONAL / Deirdre P Connelly ownership change
2 Jul 20
4
LINCOLN NATIONAL / ERIC G JOHNSON ownership change
2 Jul 20
4
LINCOLN NATIONAL / MICHAEL F MEE ownership change
2 Jul 20
4
LINCOLN NATIONAL / GARY C KELLY ownership change
2 Jul 20
4
LINCOLN NATIONAL / M LEANNE LACHMAN ownership change
2 Jul 20
4
LINCOLN NATIONAL / LYNN M UTTER ownership change
2 Jul 20
4
LINCOLN NATIONAL / Wilford H. Fuller ownership change
2 Jul 20
4
LINCOLN NATIONAL / WILLIAM H DR CUNNINGHAM ownership change
2 Jul 20
4
LINCOLN NATIONAL / GEORGE W HENDERSON III ownership change
2 Jul 20