Lincoln Financial climbs after Q2 earnings beat and stronger capital outlook

Lincoln Financial (LNC) is up 11.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a better-than-expected second-quarter earnings report, with adjusted EPS of $2.24 versus a roughly $2.00 consensus. Investors also appear to be reacting positively to signs of continued earnings improvement, stronger capital planning, and management commentary that the business has reached an inflection point.

Details:

Lincoln Financial posted second-quarter adjusted EPS of $2.24, a 12% surprise versus consensus, while revenue of $4.54 billion came in below forecasts.

Adjusted operating income rose 3% year over year to $439 million, marking the company’s eighth consecutive quarter of year-over-year growth.

Management outlined expected full-year subsidiary remittances of $1.2 billion to $1.3 billion, which can support parent-level liquidity and capital flexibility.

The company also highlighted a planned reinsurance deal with Talcott Financial tied to about $6 billion of legacy life reserves, which is expected to add annual free cash flow once closed.

Sources:

Lincoln Financial, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$LNC Insider Trading Activity

$LNC insiders have traded $LNC stock on the open market 6 times in the past 6 months. Of those trades, 1 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $LNC stock by insiders over the last 6 months:

SEAN WOODROFFE (EVP, Ch Ppl Comms Ent Srvc Off) has made 0 purchases and 3 sales selling 43,000 shares for an estimated $1,475,270.
CRAIGT T BEAZER (EVP & General Counsel) sold 30,000 shares for an estimated $1,033,500
JAMES WALTMAN REID (EVP Workplace Solutions) sold 3,050 shares for an estimated $127,520
JENNIFER CHARTERS (EVP, Chief Information Officer) purchased 300 shares for an estimated $9,783

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$LNC Hedge Fund Activity

We have seen 268 institutional investors add shares of $LNC stock to their portfolio, and 275 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FIRST TRUST ADVISORS LP removed 2,656,015 shares (-55.5%) from their portfolio in Q1 2026, for an estimated $94,288,532
DIMENSIONAL FUND ADVISORS LP added 1,522,179 shares (+24.4%) to their portfolio in Q1 2026, for an estimated $54,037,354
JUPITER ASSET MANAGEMENT LTD added 1,081,038 shares (+151.1%) to their portfolio in Q1 2026, for an estimated $38,376,849
MARSHALL WACE, LLP removed 957,709 shares (-97.6%) from their portfolio in Q1 2026, for an estimated $33,998,669
PRICE T ROWE ASSOCIATES INC /MD/ removed 780,407 shares (-15.0%) from their portfolio in Q1 2026, for an estimated $27,704,448
ALGEBRIS (UK) LTD added 778,108 shares (+133.3%) to their portfolio in Q1 2026, for an estimated $27,622,834
ALLIANZ ASSET MANAGEMENT GMBH removed 668,080 shares (-76.9%) from their portfolio in Q1 2026, for an estimated $23,716,840

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$LNC Analyst Ratings

Wall Street analysts have issued reports on $LNC in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Underweight" rating on 05/07/2026

To track analyst ratings and price targets for $LNC, check out Quiver Quantitative's $LNC forecast page.

$LNC Price Targets

Multiple analysts have issued price targets for $LNC recently. We have seen 10 analysts offer price targets for $LNC in the last 6 months, with a median target of $44.0.

Here are some recent targets:

Yaron Kinar from Mizuho set a target price of $51.0 on 07/09/2026
Wesley Carmichael from Wells Fargo set a target price of $47.0 on 07/09/2026
Michael Ward from UBS set a target price of $44.0 on 07/08/2026
Alex Scott from Barclays set a target price of $45.0 on 07/06/2026
Bob Huang from Morgan Stanley set a target price of $40.0 on 05/21/2026
Ryan Krueger from Keefe, Bruyette & Woods set a target price of $44.0 on 05/13/2026
Thomas Gallagher from Evercore ISI Group set a target price of $48.0 on 05/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.