First Eagle Investment Management LLC Decreases Holdings in Lincoln National Corporation $LNC

07 Sep 2026, 08:19 by Kim Johansen · The Markets Daily

First Eagle Investment Management LLC trimmed its position in shares of Lincoln National Corporation (NYSE:LNC – Free Report) by 18.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 348,750 shares of the financial services provider’s stock after selling 79,560 shares during the quarter. First Eagle Investment Management LLC’s holdings in Lincoln National were worth $12,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Transamerica Financial Advisors LLC bought a new stake in shares of Lincoln National in the fourth quarter worth $32,000. JPL Wealth Management LLC purchased a new stake in Lincoln National during the third quarter valued at $29,000. Trust Co. of Vermont bought a new position in Lincoln National in the second quarter valued at about $28,000. Los Angeles Capital Management LLC bought a new position in Lincoln National in the fourth quarter valued at about $34,000. Finally, NBT Bank N A NY boosted its position 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 worth $34,000 after purchasing an additional 923 shares during the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln National Stock Performance

Shares of LNC opened at $45.42 on Monday. The business has a 50-day simple moving average of $42.41 and a two-hundred day simple moving average of $38.08. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.62. Lincoln National Corporation has a 52 week low of $32.18 and a 52 week high of $47.67. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 3.94, a PEG ratio of 1.61 and a beta of 1.12.

Lincoln National (NYSE:LNC – Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.28. Lincoln National had a net margin of 12.21% and a return on equity of 17.35%. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the prior year, the firm posted $2.36 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts expect that Lincoln National Corporation will post 7.97 EPS for the current year.

Lincoln National Announces Dividend

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

Insiders Place Their Bets

In other Lincoln National news, Director Gary C. Kelly sold 15,007 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $26.50, for a total transaction of $397,685.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sean Woodroffe sold 11,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $45.28, for a total value of $498,080.00. Following the completion of the transaction, the executive vice president owned 119,947 shares in the company, valued at $5,431,200.16. The trade was a 8.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LNC shares. Mizuho boosted their price target on Lincoln National from $51.00 to $53.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Lincoln National from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Wells Fargo & Company boosted their target price on shares of Lincoln National from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods upped their target price on shares of Lincoln National from $46.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, UBS Group increased their price target on shares of Lincoln National from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.07.

Read Our Latest Research Report on Lincoln National

Lincoln National Profile

(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.