21,660 Shares in Lincoln National Corporation $LNC Purchased by Kentucky Retirement Systems

Kentucky Retirement Systems bought a new stake in Lincoln National Corporation (NYSE:LNC) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 21,660 shares of the financial services provider’s stock, valued at approximately $769,000.

Other institutional investors have also recently bought and sold shares of the company. Bain Capital Prairie LLC bought a new position in shares of Lincoln National during the 4th quarter worth approximately $835,360,000. Dimensional Fund Advisors LP raised its holdings in shares of Lincoln National by 24.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,755,506 shares of the financial services provider’s stock valued at $275,304,000 after purchasing an additional 1,522,179 shares during the last quarter. State Street Corp raised its holdings in shares of Lincoln National by 0.7% in the second quarter. State Street Corp now owns 6,199,526 shares of the financial services provider’s stock valued at $214,504,000 after purchasing an additional 40,676 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Lincoln National by 3.9% in the first quarter. Jennison Associates LLC now owns 3,823,152 shares of the financial services provider’s stock worth $135,722,000 after purchasing an additional 141,994 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Lincoln National by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,959,195 shares of the financial services provider’s stock worth $131,801,000 after purchasing an additional 14,842 shares during the last quarter. Institutional investors own 72.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. National Bank Financial set a $51.00 price target on shares of Lincoln National in a research note on Thursday, July 9th. Bank of America restated a “neutral” rating and issued a $47.00 price objective on shares of Lincoln National in a report on Thursday. Wells Fargo & Company lifted their target price on Lincoln National from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Mizuho upped their target price on Lincoln National from $51.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Morgan Stanley reduced their price target on Lincoln National from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Lincoln National currently has a consensus rating of “Hold” and an average price target of $46.43.

Key Lincoln National News

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

• Positive Sentiment: Q2 earnings and revenue beat expectations: Lincoln Financial reported adjusted operating income of $2.24 per diluted share, above the roughly $1.96–$2.00 analyst consensus, while revenue reached $4.93 billion versus expectations of $4.89 billion. Revenue increased 12.3% year over year, supporting investor confidence in the company’s profitability and execution. Lincoln Financial Reports 2026 Second Quarter Results
• Positive Sentiment: Legacy reinsurance deal adds to the bullish reaction: Coverage indicates that a major legacy-block reinsurance transaction, together with the earnings beat, helped drive a sharp post-results increase in LNC shares. The deal may reduce legacy risk and improve the company’s financial flexibility. Lincoln National Is Up After Earnings Beat and Major Legacy Block Reinsurance Deal
• Positive Sentiment: Analysts raised price targets and ratings: Mizuho increased its target from $51 to $53 and assigned an “outperform” rating. Keefe, Bruyette & Woods raised its target from $46 to $51 and also rated the shares “outperform,” signaling continued upside potential after the earnings report. Analyst price-target updates
• Neutral Sentiment: Preferred dividends declared: Lincoln’s board declared semiannual dividends on its Series C and Series D preferred stock. The announcement demonstrates continued capital-distribution activity but has limited direct impact on common-stock earnings. Preferred Stock Dividends
• Negative Sentiment: Some underlying metrics trailed estimates: Analysts noted that sales were below expectations, and quarterly EPS declined from $2.36 in the year-ago period despite the current-quarter beat. These factors could limit further upside if investors focus on growth quality and sustainability. Lincoln Financial Group Q2 Earnings

Insider Buying and Selling at Lincoln National

In related news, EVP Craigt T. Beazer sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $34.45, for a total transaction of $1,033,500.00. Following the transaction, the executive vice president directly owned 103,906 shares of the company’s stock, valued at approximately $3,579,561.70. The trade was a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.03% of the company’s stock.

Lincoln National Stock Performance

Shares of LNC opened at $45.60 on Friday. The company has a market cap of $8.72 billion, a PE ratio of 3.95, a price-to-earnings-growth ratio of 3.25 and a beta of 1.17. The firm has a 50-day moving average of $38.23 and a 200-day moving average of $37.45. Lincoln National Corporation has a one year low of $32.18 and a one year high of $46.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.27 and a quick ratio of 0.25.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, July 30th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.28. Lincoln National had a net margin of 12.21% and a return on equity of 17.35%. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the business posted $2.36 EPS. Lincoln National’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Lincoln National Corporation will post 7.73 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, July 10th. Lincoln National’s payout ratio is currently 20.88%.

About Lincoln National

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.