Rep. Lisa C. McClain Purchases Shares of Lincoln National Corporation (NYSE:LNC)

Representative Lisa C. McClain (R-Michigan) recently bought shares of Lincoln National Corporation (NYSE:LNC). In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Lincoln National stock on June 11th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Autoliv (NYSE:ALV) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Arthur J. Gallagher & Co. (NYSE:AJG) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of SAP (NYSE:SAP) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of XPO (NYSE:XPO) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Lithia Motors (NYSE:LAD) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Sanofi (NASDAQ:SNY) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Group 1 Automotive (NYSE:GPI) on 7/22/2025.

Lincoln National Trading Up 3.1%

NYSE LNC opened at $41.9140 on Friday. The company’s 50-day moving average price is $35.99 and its 200-day moving average price is $34.91. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. The stock has a market cap of $7.95 billion, a PE ratio of 7.31, a PEG ratio of 0.58 and a beta of 1.42. Lincoln National Corporation has a 12 month low of $27.58 and a 12 month high of $42.36.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.45. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. During the same period in the prior year, the business posted $1.87 earnings per share. Equities research analysts forecast that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a $0.45 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.3%. Lincoln National’s dividend payout ratio is presently 31.41%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LNC shares. Cfra Research upgraded shares of Lincoln National to a “hold” rating in a report on Wednesday, August 6th. National Bankshares set a $41.00 target price on shares of Lincoln National in a report on Monday, August 18th. Morgan Stanley increased their target price on shares of Lincoln National from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, August 18th. Keefe, Bruyette & Woods raised their price target on shares of Lincoln National from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, August 4th. Finally, Barclays raised their price target on shares of Lincoln National from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lincoln National currently has an average rating of “Hold” and an average target price of $39.70.

Hedge Funds Weigh In On Lincoln National

Several hedge funds and other institutional investors have recently modified their holdings of LNC. JPMorgan Chase & Co. raised its position in Lincoln National by 14.4% during the 4th quarter. JPMorgan Chase & Co. now owns 330,755 shares of the financial services provider’s stock worth $10,488,000 after buying an additional 41,533 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Lincoln National during the 4th quarter worth approximately $8,155,000. Treasurer of the State of North Carolina raised its position in Lincoln National by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 74,806 shares of the financial services provider’s stock worth $2,372,000 after buying an additional 470 shares during the last quarter. Sterling Capital Management LLC raised its position in Lincoln National by 88.7% during the 4th quarter. Sterling Capital Management LLC now owns 31,232 shares of the financial services provider’s stock worth $990,000 after buying an additional 14,683 shares during the last quarter. Finally, Mariner LLC raised its position in Lincoln National by 2.0% during the 4th quarter. Mariner LLC now owns 28,934 shares of the financial services provider’s stock worth $917,000 after buying an additional 581 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lincoln National news, EVP Sean Woodroffe sold 43,622 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the completion of the transaction, the executive vice president directly owned 154,102 shares of the company’s stock, valued at approximately $5,051,463.56. This trade represents a 22.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brian Kroll sold 10,075 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $33.10, for a total transaction of $333,482.50. Following the transaction, the executive vice president directly owned 48,743 shares of the company’s stock, valued at $1,613,393.30. This represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,697 shares of company stock valued at $1,959,862. 0.51% of the stock is owned by insiders.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Lincoln National

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.