Illinois Municipal Retirement Fund Cuts Position in Lincoln National Corporation $LNC

Illinois Municipal Retirement Fund decreased its stake in Lincoln National Corporation (NYSE:LNC) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,658 shares of the financial services provider’s stock after selling 35,995 shares during the period. Illinois Municipal Retirement Fund’s holdings in Lincoln National were worth $9,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in Lincoln National by 30.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 203,931 shares of the financial services provider’s stock valued at $8,180,000 after purchasing an additional 47,419 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Lincoln National by 145.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 116,116 shares of the financial services provider’s stock worth $4,683,000 after buying an additional 68,827 shares in the last quarter. Massachusetts Financial Services Co. MA boosted 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 worth $240,051,000 after buying an additional 1,035,505 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Lincoln National by 101.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 285,105 shares of the financial services provider’s stock valued at $11,498,000 after acquiring an additional 143,862 shares during the last quarter. Finally, Jump Financial LLC increased its holdings in Lincoln National by 72.9% during the 2nd quarter. Jump Financial LLC now owns 245,776 shares of the financial services provider’s stock valued at $8,504,000 after acquiring an additional 103,591 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lincoln National

In other news, EVP John Christopher Kennedy sold 3,519 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were 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 owned 118,985 shares of the company’s stock, valued at $5,253,187.75. This represents a 2.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.51% of the stock is currently owned by corporate insiders.

Lincoln National Trading Up 0.6%

Shares of Lincoln National stock opened at $40.90 on Friday. Lincoln National Corporation has a fifty-two week low of $27.58 and a fifty-two week high of $46.82. The business’s fifty day moving average is $42.98 and its two-hundred day moving average is $41.31. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.59. The firm has a market cap of $7.77 billion, a PE ratio of 7.70, a P/E/G ratio of 0.43 and a beta of 1.30.

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

Trending Headlines about Lincoln National

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 Analyst Weigh In

Several brokerages have issued reports on LNC. UBS Group upped their price target on shares of Lincoln National from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lincoln National in a report on Monday, December 29th. TD Cowen reissued a “hold” rating on shares of Lincoln National in a report on Wednesday, January 28th. Piper Sandler upped their price objective on Lincoln National from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, December 23rd. Finally, Wells Fargo & Company increased their price objective on Lincoln National from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.