Lincoln National stock
LNCNYSELincoln National Corporation, Financial ServicesISIN US5341871094
82Score 82 out of 100, Strong
Price and trend
82 / 100
Price history
0.0% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 7.1% above it.
Since August 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 59).
The price is 11% below its 52-week high. Largest decline in 20 years: 93% (May 2007 to March 2009).
Chart figures for advanced users
- SMA 50$41.47
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$39.02
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)59
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$32.59
- The lowest closing price of the last twelve months.
- Resistance$47.00
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Lincoln National Corporation belongs to the Insurance (Life) industry (United States) and, with a market value of $7.96B, is number 25 of 34 companies in its industry on MEQIRI.
- In fiscal 2025 it earned $1.18B (down 64.1% year on year).
- For fiscal 2026, analysts expect on average adjusted earnings per share of $7.91 (down 3.6%).
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- MEQIRI Score 82 out of 100 (Strong): rank 51 of 975 in Financial Services, median 68.
- The P/E is 2.6 (Insurance (Life) median 11.4, own median of recent years 7.5).
- Our model puts fair value at $163.58, with the price 74% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High return on equityReturn on equity 31.6% over the last 12 months.Profitability 88
- Reliable dividendNo dividend cut for 17 years.Capital allocation 87
- Earnings per share growingUp 18.2% a year since 2020.Growth 100
Weaknesses
- High leverageTotal assets 40 times equity.Stability 25
Its standout strengths are growth and valuation, while stability holds the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
The fundamentals are strong overall.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk low
How well MEQIRI warnsOne of the 30% with the lowest crash risk among smaller stocks.
From 2016 to 2025, 14 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high growth grade (crashed more often in the backtest)
What lowers it
- solid fundamentals
Valuation
Valuation signal
Possible value trapIn our model the price counts as cheap below $125.83 and expensive above $233.68 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $140.48 (excess return model) and $186.67 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $151.87, at 7.8% it would be $181.14.
Possible value trap: looks cheap, but high risk.
Valuation metrics
Half from the excess return model, half from earnings times the industry P/E (11.4).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 9.7% on the twelve months before. Up to 2020 the bars include businesses that were later spun off or sold. On a comparable basis, as restated in the SEC annual reports, revenue grew 2.5% a year.
Margins
- Operating margin
- Net margin
In fiscal 2025: operating 7%, net 6%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out. Last 12 months: net 16%.
Debt & balance sheet
latest quarterFor banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Earnings
- Next earnings
- 11 Feb 2027in 90 days
- Last reported
- 5 Nov 2026EPS reported $1.72 (expected $1.96)below expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $7.91−0.1%
- Revenue
- $19.79B0.0%
- Earnings per share
- $8.72−0.1%
- Revenue
- $20.5B−0.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +10.1%Expects alternative investment returns to recover in the third quarter and the reinsurance transaction to add $30 million to $40 million of annual free cash flow; no guidance change stated.
“Going forward, we expect the transaction to increase our ongoing annual free cash flow by approximately $30 million-$40 million a year.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 30 Jul 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 3 insiders sold, $5.06M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Lincoln National
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
975 rated companies in Financial Services
- This company
- 82
- Sector median
- 68
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Insurance (Life)
The next larger and next smaller companies by market value
- Globe LifeGL $12.08B79
- Jackson FinancialJXN $9.16B60
- Voya FinancialVOYA $9.13B62
- PrimericaPRI $8.86B87
- ICICI Prudential Life InsuranceICICIPRULI.NS $7.2B57
- Sony Financial Group8729.T $6.26B70
- FWD Group Holdings1828.HK $5.5B51
- CNO Financial GroupCNO $5.25B74
ETFs that hold Lincoln National
Held by 18 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares Ageing Population UCITS ETF2B77 | 0.55% | 0.40% | €807M |
| iShares Dow Jones U.S. Select Dividend UCITS ETF (DE)EXX5 | 0.50% | 0.31% | €415.03M |
| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.42% | 0.30% | €2.31B |
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| State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETFZPRV | 0.36% | 0.30% | €944.34M |
| WisdomTree US Equity Income UCITS ETF EUR Hedged AccWTDY | 0.21% | 0.35% | €204.34M |
| WisdomTree US High Dividend UCITS ETF AccWTD9 | 0.20% | 0.29% | €182.46M |
| Avantis Global Small Cap Value UCITS ETFAVWS | 0.10% | 0.39% | €1.47B |
| Franklin U.S. Equity UCITS ETFFLXU | 0.10% | 0.20% | €55.89M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 22 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.