Lincoln National (NYSE:LNC) Director Sells 15,007 Shares of Stock

August 15, 2026 by InsiderTrades.com

Key Points

Lincoln National director Gary Kelly sold 15,007 shares on August 12 at an average price of $26.50, generating proceeds of approximately $397,686.
The company reported quarterly EPS of $2.24, beating estimates of $1.96, while revenue rose 12.3% year over year to $4.93 billion.
Lincoln National declared a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 payout and a 4.0% yield; analysts maintain a consensus “Hold” rating with an average price target of $46.43.

Lincoln National Corporation (NYSE:LNC - Get Free Report) Director Gary Kelly sold 15,007 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $26.50, for a total transaction of $397,685.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Lincoln National Stock Up 0.4%

Shares of LNC opened at $45.47 on Friday. Lincoln National Corporation has a 52 week low of $32.18 and a 52 week high of $47.67. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 3.94, a PEG ratio of 1.63 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a fifty day moving average of $40.40 and a 200-day moving average of $37.78.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.28. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.89 billion. Lincoln National had a return on equity of 17.35% and a net margin of 12.21%.Lincoln National's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $2.36 EPS. As a group, sell-side analysts anticipate that Lincoln National Corporation will post 7.82 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, October 9th. Lincoln National's dividend payout ratio (DPR) is presently 15.60%.

Wall Street Analysts Forecast Growth

LNC has been the subject of several recent research reports. National Bank Financial set a $51.00 price objective on Lincoln National in a research note on Thursday, July 9th. Barclays upgraded shares of Lincoln National from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $42.00 to $45.00 in a research report on Monday, July 6th. Morgan Stanley reduced their target price on shares of Lincoln National from $43.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, May 21st. TD Cowen boosted their target price on shares of Lincoln National from $37.00 to $42.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Lincoln National from $46.00 to $51.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $46.43.

View Our Latest Stock Report on LNC

Institutional Investors Weigh In On Lincoln National

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont bought a new position in shares of Lincoln National during the second quarter worth about $28,000. JPL Wealth Management LLC acquired a new position in shares of Lincoln National in the third quarter worth approximately $29,000. Transamerica Financial Advisors LLC bought a new stake in Lincoln National in the fourth quarter valued at approximately $32,000. NBT Bank N A NY boosted its holdings in Lincoln National by 2,051.1% in the first quarter. NBT Bank N A NY now owns 968 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 923 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Lincoln National during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 72.81% of the company's stock.

About Lincoln National

(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.