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

Key Points

• Representative Lisa C. McClain sold shares of Lincoln National Corporation for amounts between $1,001 and $15,000 on June 17th, according to a filing disclosed on August 13th.
• Lincoln National announced a quarterly dividend of $0.45 per share, to be paid on November 3rd, representing an annual yield of 4.4%.
• The company's stock saw a recent increase of 0.6%, with a current price of $40.825 and a market cap of $7.74 billion.

Representative Lisa C. McClain (R-Michigan) recently sold shares of Lincoln National Corporation NYSE: LNC. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lincoln National stock on June 17th. 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 traded up $1.2640 during trading on Friday, hitting $41.9140. The stock had a trading volume of 1,868,723 shares, compared to its average volume of 2,244,095. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $7.95 billion, a PE ratio of 7.31, a PEG ratio of 0.56 and a beta of 1.42. The firm has a 50 day moving average price of $35.99 and a 200 day moving average price of $34.90. Lincoln National Corporation has a twelve month low of $27.58 and a twelve month high of $42.36.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $1.91 by $0.45. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the firm posted $1.87 earnings per share. As a group, equities research analysts forecast that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, October 10th. Lincoln National's dividend payout ratio (DPR) is 31.41%.

Institutional Investors Weigh In On Lincoln National

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. boosted its holdings in Lincoln National by 5.2% in the second quarter. Assetmark Inc. now owns 5,401 shares of the financial services provider's stock valued at $187,000 after purchasing an additional 268 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Lincoln National by 3.2% in the second quarter. Evergreen Capital Management LLC now owns 8,815 shares of the financial services provider's stock valued at $305,000 after purchasing an additional 275 shares in the last quarter. State of Wyoming raised its stake in Lincoln National by 2.7% during the 1st quarter. State of Wyoming now owns 11,630 shares of the financial services provider's stock worth $418,000 after acquiring an additional 305 shares in the last quarter. Wedmont Private Capital raised its stake in Lincoln National by 3.0% during the 2nd quarter. Wedmont Private Capital now owns 10,749 shares of the financial services provider's stock worth $370,000 after acquiring an additional 311 shares in the last quarter. Finally, MAI Capital Management raised its stake in Lincoln National by 13.7% during the 2nd quarter. MAI Capital Management now owns 2,616 shares of the financial services provider's stock worth $91,000 after acquiring an additional 315 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John Christopher Kennedy sold 5,000 shares of Lincoln National stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $39.29, for a total transaction of $196,450.00. Following the sale, the executive vice president directly owned 123,815 shares in the company, valued at $4,864,691.35. This trade represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sean Woodroffe sold 43,622 shares of Lincoln National stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the sale, the executive vice president owned 154,102 shares in the company, valued at $5,051,463.56. This represents a 22.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,697 shares of company stock worth $1,959,862 in the last ninety days. 0.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on LNC. Piper Sandler reduced their target price on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Cfra Research upgraded shares of Lincoln National to a "hold" rating in a report on Wednesday, August 6th. Keefe, Bruyette & Woods increased their target price on shares of Lincoln National from $40.00 to $42.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Lincoln National from $38.00 to $41.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Lincoln National has an average rating of "Hold" and an average price target of $39.70.

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.

Lincoln National Company Profile

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.