Lincoln National (LSE:0JV3) - Stock Price, News & Analysis

0JV3 Stock Overview

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States.

About the company

0JV3 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	2/6
Financial Health	2/6
Dividends	5/6

Rewards

Trading at 61.3% below our estimate of its fair value

Earnings are forecast to grow 6.24% per year

Became profitable this year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 6.15% is not well covered by cash flows

Lincoln National Corporation Competitors

Legal & General Group

LSE:LGEN

UK£14.7b

Just Group

LSE:JUST

UK£1.1b

Prudential

LSE:PRU

UK£21.3b

Chesnara

LSE:CSN

UK£378.1m

Price History & Performance

Summary of all time highs, changes and price drops for Lincoln National
Historical stock prices
Current Share Price	US$28.94
52 Week High	US$32.40
52 Week Low	US$18.85
Beta	1.78
1 Month Change	-3.19%
3 Month Change	13.21%
1 Year Change	44.96%
3 Year Change	-58.42%
5 Year Change	-53.54%
Change since IPO	-16.47%

Recent updates

Shareholder Returns

	0JV3	GB Insurance	GB Market
7D	7.6%	4.9%	2.7%
1Y	45.0%	-9.9%	5.2%

Return vs Industry: 0JV3 exceeded the UK Insurance industry which returned -9.9% over the past year.

Return vs Market: 0JV3 exceeded the UK Market which returned 5.2% over the past year.

Price Volatility

Is 0JV3's price volatile compared to industry and market?
0JV3 volatility
0JV3 Average Weekly Movement	5.6%
Insurance Industry Average Movement	4.5%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	11.3%
10% least volatile stocks in GB Market	2.7%

Stable Share Price: 0JV3 has not had significant price volatility in the past 3 months.

Volatility Over Time: 0JV3's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1905	11,024	Ellen R. Cooper	www.lincolnfinancial.com

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.

Lincoln National Corporation Fundamentals Summary

How do Lincoln National's earnings and revenue compare to its market cap?
0JV3 fundamental statistics
Market cap	US$4.98b
Earnings (TTM)	US$1.26b
Revenue (TTM)	US$11.95b

4.0x

P/E Ratio

0.4x

P/S Ratio

Is 0JV3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0JV3 income statement (TTM)
Revenue	US$11.95b
Cost of Revenue	US$12.33b
Gross Profit	-US$384.00m
Other Expenses	-US$1.64b
Earnings	US$1.26b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 01, 2024

Earnings per share (EPS)	7.41
Gross Margin	-3.21%
Net Profit Margin	10.55%
Debt/Equity Ratio	97.0%

How did 0JV3 perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

24%

Payout Ratio

0JV3 Stock Overview

Rewards

Risk Analysis

Lincoln National Corporation Competitors

LSE:LGEN

UK£14.7b

LSE:JUST

UK£1.1b

LSE:PRU

UK£21.3b

LSE:CSN

UK£378.1m

Price History & Performance

Recent News & Updates

Osaic Inc. completed the acquisition of Lincoln Financial Advisors Corporation and Lincoln Financial Securities Corporation from Lincoln National Corporation (NYSE:LNC).

First quarter 2024 earnings released: EPS: US$6.93 (vs US$5.37 loss in 1Q 2023)

Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Lincoln National Corporation

Lincoln National Corporation, Annual General Meeting, May 23, 2024

Lincoln National Corporation to Report Q4, 2024 Results on Feb 06, 2025

Lincoln Financial Group Introduces Side-By-Side Pooled Employer Retirement Solutions for Businesses and Not-For-Profit Organizations

Recent updates

Osaic Inc. completed the acquisition of Lincoln Financial Advisors Corporation and Lincoln Financial Securities Corporation from Lincoln National Corporation (NYSE:LNC).

First quarter 2024 earnings released: EPS: US$6.93 (vs US$5.37 loss in 1Q 2023)

Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Lincoln National Corporation

Lincoln National Corporation, Annual General Meeting, May 23, 2024

Lincoln National Corporation to Report Q4, 2024 Results on Feb 06, 2025

Lincoln Financial Group Introduces Side-By-Side Pooled Employer Retirement Solutions for Businesses and Not-For-Profit Organizations

Upcoming dividend of US$0.45 per share

Fourth quarter dividend of US$0.45 announced

Lincoln National Corporation Declares Quarterly Cash Dividend, Payable from May 1, 2024

Full year 2023 earnings released: US$4.92 loss per share (vs US$13.10 loss in FY 2022)

Lincoln National Corporation to Report Q2, 2024 Results on Aug 01, 2024

Upcoming dividend of US$0.45 per share at 6.7% yield

Now 20% undervalued after recent price drop

Lincoln Financial Group Declares Quarterly Dividend, Payable on February 1, 2024

New major risk - Financial position

Lincoln Financial Group Receives Regulatory Approval for Reinsurance Transaction with Fortitude Re Ltd

Third quarter 2023 earnings released: EPS: US$4.82 (vs US$15.17 loss in 3Q 2022)

Lincoln Financial Group Introduces Comprehensive Health Savings Solutions for Plan Sponsors

Lincoln Financial Group Names Tina Madon as Senior Vice President, Head of Investor Relations

Lincoln National Corporation to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.45 per share at 7.5% yield

Lincoln Financial Group Names Jared Nepa as Head of Life and Moneyguard Distribution

Lincoln National Corporation Elects Owen Ryan to Serve on the Board of Directors

Lincoln Financial Group Enhances Customer Experience for Its Employer Clients with New Onboarding Collaboration Tool

Lincoln National Corporation's Declares Quarterly Cash Dividend, Payable on November 1, 2023

Second quarter 2023 earnings released: EPS: US$2.95 (vs US$1.39 in 2Q 2022)

Lincoln National Corporation to Report Q2, 2023 Results on Aug 02, 2023

Lincoln Financial Group Announces Executive Changes

Upcoming dividend of US$0.45 per share at 7.1% yield

Lincoln National Corporation Approves the Appointment of Deirdre P. Connelly as Director

Lincoln National Corporation Declares Quarterly Cash Dividend, Payable August 1, 2023

Lincoln Financial Group Names Andrew D. Rallis as Executive Vice President and Chief Risk Officer, Effective May 15, 2023

First quarter 2023 earnings released: US$5.37 loss per share (vs US$0.60 profit in 1Q 2022)

Lincoln National Corporation Provides Preliminary Earnings Guidance for the First Quarter of 2023

Upcoming dividend of US$0.45 per share at 8.3% yield

Lincoln National Corporation Declares Quarterly Cash Dividend, Payable on May 1, 2023

Lincoln Financial Group Appoints Christen White as New Head of Group Benefit Claims

Full year 2022 earnings released: US$13.10 loss per share (vs US$7.50 profit in FY 2021)

Lincoln National Corporation Appoints Christopher Neczypor as Chief Financial Officer

Lincoln Financial Group Names Vince Garzarella Senior Vice President, Retirement Plan Services Operations

Upcoming dividend of US$0.45 per share

Lincoln National Corporation to Report Q4, 2022 Results on Feb 08, 2023

Independent Director recently bought US$112k worth of stock

Third quarter 2022 earnings released: US$15.17 loss per share (vs US$1.70 profit in 3Q 2021)

Lincoln National Corporation Reports Impairment Charges for the Third Quarter Ended September 30, 2022

Lincoln Financial Group Names Jim O’Boyle Senior Vice President, Life & Annuity Operations, Effective November 1

Lincoln National Corporation to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.45 per share

Lincoln Financial Group Appoints Matt Condos as Senior Vice President, Retirement Plan Services Product

Lincoln National Corporation Declares Quarterly Cash Dividend, Payable on November 1, 2022

Second quarter 2022 earnings released: EPS: US$1.34 (vs US$3.38 in 2Q 2021)

Lincoln Financial Group Announces Executive Changes

Lincoln Financial Group Announces Executive Changes

Upcoming dividend of US$0.45 per share

Lincoln National Corporation to Report Q2, 2022 Results on Aug 03, 2022

Investor sentiment deteriorated over the past week

Chairman recently sold US$2.9m worth of stock

Lincoln National Corporation Declares Quarterly Cash Dividend, Payable on August 1, 2022

Lincoln National Corporation Announces Executive Changes