Insider Selling: Lincoln National (NYSE:LNC) EVP Sells 3,050 Shares of Stock

February 20, 2026 by InsiderTrades.com

Key Points

EVP James Waltman Reid sold 3,050 Lincoln National shares on Feb. 18 at an average price of $41.81 for $127,520.50, reducing his stake by 2.51% to 118,567 shares; the transaction was disclosed in an SEC filing.
Lincoln National beat quarterly expectations with $2.21 EPS vs. $1.86 consensus and $4.89 billion revenue, and declared a quarterly dividend of $0.45 (annualized $1.80) implying a 4.6% yield.
The stock carries a consensus analyst rating of Hold with an average price target of $46.25, and institutional investors own about 72.8% of the company.

Lincoln National Corporation (NYSE:LNC - Get Free Report) EVP James Waltman Reid sold 3,050 shares of Lincoln National stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $41.81, for a total value of $127,520.50. Following the completion of the sale, the executive vice president directly owned 118,567 shares in the company, valued at approximately $4,957,286.27. This represents a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Lincoln National Stock Performance

Shares of LNC stock traded down $0.57 during midday trading on Friday, hitting $39.54. 483,763 shares of the company were exchanged, compared to its average volume of 1,847,390. The firm has a market capitalization of $7.51 billion, a P/E ratio of 7.47, a PEG ratio of 1.76 and a beta of 1.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.28 and a current ratio of 0.27. The firm's 50 day moving average price is $42.72 and its two-hundred day moving average price is $41.46. Lincoln National Corporation has a 52 week low of $27.58 and a 52 week high of $46.82.

Lincoln National (NYSE:LNC - Get Free Report) last announced its earnings results on Thursday, February 12th. The financial services provider reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.35. Lincoln National had a net margin of 6.46% and a return on equity of 18.52%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the firm earned $1.91 earnings per share. Lincoln National's quarterly revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, April 10th. Lincoln National's payout ratio is currently 33.90%.

Hedge Funds Weigh In On Lincoln National

Hedge funds and other institutional investors have recently modified their holdings of the stock. Baird Financial Group Inc. acquired a new position in Lincoln National in the 1st quarter valued at $241,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Lincoln National by 30.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,981 shares of the financial services provider's stock valued at $2,585,000 after buying an additional 16,991 shares during the period. Empowered Funds LLC lifted its stake in shares of Lincoln National by 316.9% during the first quarter. Empowered Funds LLC now owns 59,115 shares of the financial services provider's stock valued at $2,123,000 after acquiring an additional 44,936 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Lincoln National by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 623,322 shares of the financial services provider's stock worth $22,383,000 after buying an additional 29,421 shares during the period. Finally, Focus Partners Wealth raised its stake in shares of Lincoln National by 39.1% during the first quarter. Focus Partners Wealth now owns 19,530 shares of the financial services provider's stock worth $701,000 after buying an additional 5,486 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LNC. Wells Fargo & Company boosted their target price on Lincoln National from $39.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods upped their price target on Lincoln National from $43.00 to $44.00 and gave the stock a "market perform" rating in a report on Monday, November 3rd. UBS Group raised their target price on Lincoln National from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, October 31st. Jefferies Financial Group lifted their price objective on Lincoln National from $52.00 to $59.00 and gave the company a "buy" rating in a research note on Monday, December 15th. Finally, TD Cowen reissued a "hold" rating on shares of Lincoln National in a report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $46.25.

Read Our Latest Research Report on LNC

Lincoln National Company Profile

(Get Free Report)

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.