Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. The company had $281 billion in end-of-period account values as of September 30, 2020. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index, and rank among Forbes' World's Best Employers, Best Large Employers, Best Employers for Diversity, and Best Employers for Women, and Newsweek's Most Responsible Companies.
Company profile
Ticker
LNC
Exchange
Website
CEO
Dennis Glass
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LINCOLN NATIONAL CORP ET AL
SEC CIK
Corporate docs
Subsidiaries
First Penn-Pacific Life Insurance Company • Jefferson-Pilot Investments, Inc. • Lincoln Financial Securities Corporation • Lincoln Insurance Services Limited • Lincoln Investment Management Company • Lincoln Financial Limited Liability Company • Lincoln National Management Corporation • Lincoln National Reinsurance Company (Barbados) Limited • Lincoln Financial Reinsurance Company • The Lincoln National Life Insurance Company ...
IRS number
351140070
LNC stock data
News
Analyst Ratings for Lincoln National
5 Aug 22
RBC Capital Maintains Sector Perform on Lincoln National, Lowers Price Target to $57
5 Aug 22
Recap: Lincoln National Q2 Earnings
3 Aug 22
Lincoln National Q2 EPS $2.23 Misses $2.24 Estimate, Sales $4.64B Beat $4.57B Estimate
3 Aug 22
Earnings Scheduled For August 3, 2022
3 Aug 22
Press releases
Lincoln Financial Group to Participate in the KBW Insurance Conference
17 Aug 22
Lincoln Financial announces the launch of Stadion Money Management's StoryLine Dynamic, a Qualified Default Investment Alternative solution
15 Aug 22
Lincoln National Corporation's Board of Directors Declares Quarterly Cash Dividend
11 Aug 22
Lincoln Financial Group Reports Second Quarter 2022 Results
3 Aug 22
Lincoln Financial Group Names James Reid Executive Vice President, Head of Workplace Solutions
14 Jul 22
Analyst ratings and price targets
Current price
Average target
$58.00
Low target
$49.00
High target
$68.00
RBC Capital
Maintains
$57.00
Barclays
Maintains
$49.00
Piper Sandler
Maintains
$55.00
Evercore ISI Group
Maintains
$66.00
Morgan Stanley
Maintains
$68.00
Wolfe Research
Downgraded
$53.00
Goldman Sachs
Maintains
$60.00
Citigroup
Initiated
$56.00
Investment data
| Top 50 of 839 long holdings End of quarter 30 Jun 22 |
Value |
#Shares |
|---|---|---|
| $261.38M | 1.39M | |
| $203.24M | 7.39M | |
| $195.22M | 1.07M | |
| $170.97M | 1.78M | |
|
Vanguard Charlotte FDS
|
$163.49M | 3.3M |
|
Vanguard Intl Equity Index F
(ALLWRLD EX US)
|
$139.22M | 2.79M |
| $128.71M | 2.69M | |
|
Vanguard Tax-managed Intl FD
|
$125.52M | 3.08M |
| $122.79M | 1.58M | |
|
Vanguard Specialized Funds
|
$99.8M | 695.63K |
| $92.39M | 675.79K | |
| $87.71M | 1.79M | |
|
Vanguard Intl Equity Index F
(FTSE EMR MKT ETF)
|
$75.68M | 1.82M |
|
Vanguard Intl Equity Index F
(FTSE PACIFIC ETF)
|
$69.42M | 1.09M |
|
Vanguard Intl Equity Index F
(FTSE EUROPE ETF)
|
$63.19M | 1.2M |
| $56.6M | 150.03K | |
| $45.77M | 178.2K | |
| $38.56M | 268.14K | |
| $38.08M | 1.34M | |
| $36.91M | 97.35K | |
| $36.72M | 283.52K | |
| $35.82M | 1.54M | |
| $34.8M | 232.28K | |
| $34.06M | 121.51K | |
| $32.46M | 185.07K | |
| $30.4M | 154.28K | |
| $28.29M | 564.69K | |
| $25.14M | 236.7K | |
|
Vanguard Intl Equity Index F
(FTSE SMCAP ETF)
|
$24.5M | 237.42K |
| $23.69M | 108.34K | |
| $20.87M | 143.97K | |
|
Vanguard Intl Equity Index F
(GLB EX US ETF)
|
$20.34M | 459.37K |
| $19.8M | 72.53K | |
| $19.38M | 55.88K | |
| $19.16M | 376.37K | |
| $18.5M | 388.3K | |
| $16.48M | 92.82K | |
| $16.4M | 262.41K | |
| $15.31M | 116.11K | |
| $15.02M | 300.82K | |
| $14.78M | 75.06K | |
| $14.51M | 159.25K | |
| $14.13M | 6.46K | |
| $13.71M | 160.04K | |
| $13.43M | 6.16K | |
| $13.1M | 132.2K | |
| $12.19M | 53.88K | |
| $12.15M | 72.12K | |
| $11.95M | 264.18K | |
| $11.85M | 418.52K |
Holdings list only includes long positions.
Only includes long positions.
Calendar
4 Aug 22
18 Aug 22
31 Dec 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.57B | 1.57B | 1.57B | 1.57B | 1.57B | 1.57B |
| Cash burn (monthly) | 131M | 68.5M | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 215.9M | 112.89M | n/a | n/a | n/a | n/a |
| Cash remaining | 1.35B | 1.45B | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 10.3 | 21.2 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 10 Aug 22 | Matthew Grove | Common Stock | Grant | Acquire A | No | No | 0 | 53,708 | 0 | 69,201 |
| 10 Aug 22 | Matthew Grove | Common Stock | Grant | Acquire A | No | No | 0 | 15,493 | 0 | 15,493 |
| 10 Aug 22 | Matthew Grove | Employee Stock Option Common Stock | Grant | Acquire A | No | No | 48.41 | 34,902 | 1.69M | 34,902 |
| 10 Aug 22 | James Waltman Reid | Common Stock | Grant | Acquire A | No | No | 0 | 20,657 | 0 | 33,067 |
| 10 Aug 22 | James Waltman Reid | Common Stock | Grant | Acquire A | No | No | 0 | 12,410 | 0 | 12,410 |
| 10 Aug 22 | James Waltman Reid | Employee Stock Option Common Stock | Grant | Acquire A | No | No | 48.41 | 27,957 | 1.35M | 27,957 |
| 30 Jun 22 | Glass Dennis R | Phantom Stock Unit Common Stock | Grant | Acquire A | No | No | 46.77 | 308.38 | 14.42K | 308.38 |
Institutional ownership, Q2 2022
74.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 603 |
| Opened positions | 71 |
| Closed positions | 108 |
| Increased positions | 213 |
| Reduced positions | 209 |
| 13F shares | Current |
|---|---|
| Total value | 7.11B |
| Total shares | 126.97M |
| Total puts | 1.36M |
| Total calls | 675.3K |
| Total put/call ratio | 2.0 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 19.4M | $907.33M |
| BLK Blackrock | 15.2M | $710.72M |
| STT State Street | 7.82M | $365.54M |
| Dodge & Cox | 4.3M | $200.98M |
| FMR | 4.03M | $188.52M |
| Lyrical Asset Management | 3.97M | $185.61M |
| MS Morgan Stanley | 3.92M | $183.32M |
| IVZ Invesco | 3.32M | $155.48M |
| Geode Capital Management | 3.3M | $154.29M |
| LSV Asset Management | 3.27M | $152.95M |
Financial report summary
?Competition
Aegon N. V. - New York SharesContent analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
|
|
New words:
argument, combat, commodity, Director, joining, predetermined, reinvested, tied, Weak
Removed:
compression, falling, high, improving, provision, trailing
Financial reports
Current reports
8-K
Lincoln Financial Group reports Second Quarter 2022 Results
3 Aug 22
8-K
Departure of Directors or Certain Officers
1 Jun 22
8-K
Lincoln Financial Group reports FIRST QUARTER 2022 Results
4 May 22
8-K
Amendments to Articles of Incorporation or Bylaws
11 Apr 22
8-K
Departure of Directors or Certain Officers
7 Mar 22
8-K
Other Events
1 Mar 22
8-K
Lincoln Financial Group reports Fourth Quarter and Net income EPS of $1.20 and adjusted operating EPS of $1.56
2 Feb 22
8-K/A
Departure of Directors or Certain Officers
14 Nov 21
8-K
Lincoln Financial Group reports THIRD Quarter 2021 Results
3 Nov 21
8-K
Departure of Directors or Certain Officers
15 Sep 21
Registration and prospectus
S-3ASR
Automatic shelf registration
2 Jun 22
S-8
Registration of securities for employees
31 May 22
FWP
Free writing prospectus
20 Apr 22
FWP
Free writing prospectus
18 Apr 22
424B5
Prospectus supplement for primary offering
24 Feb 22
FWP
Free writing prospectus
23 Feb 22
424B5
Prospectus supplement for primary offering
23 Feb 22
S-3ASR
Automatic shelf registration
12 Nov 21
424B3
Prospectus supplement
6 Aug 21
FWP
Free writing prospectus
27 Jul 21
Proxies
DEFA14A
Additional proxy soliciting materials
14 Apr 22
DEFA14A
Additional proxy soliciting materials
16 Apr 21
DEFA14A
Additional proxy soliciting materials
20 May 20
DEFA14A
Additional proxy soliciting materials
24 Apr 20
DEFA14A
Additional proxy soliciting materials
11 Apr 19
DEF 14A
Definitive proxy
12 Apr 18
Other
EFFECT
Notice of effectiveness
6 Aug 21
NO ACT
No action letter
8 Feb 17
UPLOAD
Letter from SEC
16 Jun 15
CORRESP
Correspondence with SEC
20 May 15
CORRESP
Correspondence with SEC
26 Apr 15
UPLOAD
Letter from SEC
23 Apr 15
UPLOAD
Letter from SEC
23 Dec 13
CORRESP
Correspondence with SEC
1 Dec 13
CORRESP
Correspondence with SEC
11 Nov 13
UPLOAD
Letter from SEC
3 Nov 13
Ownership
4
LINCOLN NATIONAL / James Waltman Reid ownership change
12 Aug 22
4
LINCOLN NATIONAL / Matthew Grove ownership change
12 Aug 22
3
LINCOLN NATIONAL / James Waltman Reid ownership change
8 Aug 22
13F-HR
Quarterly holdings report by institutional manager
1 Aug 22
3
LINCOLN NATIONAL / Matthew Grove ownership change
13 Jul 22
4
LINCOLN NATIONAL / Deirdre P Connelly ownership change
5 Jul 22
4
LINCOLN NATIONAL / ERIC G JOHNSON ownership change
5 Jul 22
4
LINCOLN NATIONAL / GARY C KELLY ownership change
5 Jul 22
4
LINCOLN NATIONAL / M LEANNE LACHMAN ownership change
5 Jul 22
4
LINCOLN NATIONAL / Dale LeFebvre ownership change
5 Jul 22
Transcripts
2022 Q2
Earnings call transcript
4 Aug 22
2022 Q1
Earnings call transcript
5 May 22
2021 Q4
Earnings call transcript
3 Feb 22
2021 Q3
Earnings call transcript
4 Nov 21
2021 Q2
Earnings call transcript
5 Aug 21
2021 Q1
Earnings call transcript
6 May 21
2020 Q4
Earnings call transcript
4 Feb 21
2020 Q3
Earnings call transcript
5 Nov 20
2020 Q2
Earnings call transcript
6 Aug 20
2020 Q1
Earnings call transcript
8 May 20
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
[Weekly Megathread] Markets and Value Stock Ideas, Week of July 25, 2022
25 Jul 22
PRU now yielding 5%
13 Jul 22
Daily Discussion Thread - July 8th, 2022
8 Jul 22
Daily Discussion Thread - July 7th, 2022
7 Jul 22
Daily Discussion Thread - July 6th, 2022
6 Jul 22
Daily Discussion Thread - July 5th, 2022
5 Jul 22
I have some cash to add soon, but I don’t want to buy more of a current position
1 Jul 22