Lincoln National Corp (LNC)

neg -0.02
Today's Range: 53.68 - 54.92 | LNC Avg Daily Volume: 1,960,400
Last Update: 11/24/15 - 3:59 PM EST
Volume: 2,182,135
YTD Performance: -5.05%
Open: $53.75
Previous Close: $54.76
52 Week Range: $45.56 - $62.08
Oustanding Shares: 247,470,994
Market Cap: 13,712,367,778
6-Month Chart
TheStreet Ratings Grade for LNC
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
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Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 5 5 4 5
Moderate Buy 2 2 2 2
Hold 5 4 6 6
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.96 1.86 2.13 2.04
Latest Dividend: 0.25
Latest Dividend Yield: 1.80%
Dividend Ex-Date: 01/07/16
Price Earnings Ratio: 11.79
Price Earnings Comparisons:
LNC Sector Avg. S&P 500
11.79 11.70 32.49
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
8.05% -5.08% 122.51%
Revenue 13.20 0.27 0.08
Net Income 21.80 4.01 0.70
EPS 25.40 5.05 0.81
Earnings for LNC:
Revenue 13.55B
Average Earnings Estimates
Qtr (12/15) Qtr (03/16) FY (12/15) FY (12/16)
Average Estimate $1.53 $1.51 $5.53 $6.47
Number of Analysts 10 7 11 11
High Estimate $1.60 $1.56 $5.85 $6.70
Low Estimate $1.37 $1.46 $5.29 $6.30
Prior Year $1.67 $1.35 $6.03 $5.53
Growth Rate (Year over Year) -8.32% 12.06% -8.34% 17.02%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands

Today's Trades and Orders Real Money Pro($)

Bonds are well bid this morning, with the iShares 20+ Year Treasury Bond ETF (TLT) up $0.85 as I write this. I'm using the strength to further reduce my exposure to closed-end municipal-bond funds, which I've been selling since last week. I'm adding to my long of the Blackstone/GSO

A Not-So-Short List of Shorts Real Money Pro($)

In response to a number of subscriber emails, here is a partial list of my shorts:
Reasonably important win for the bears today. I started the day outlining the likelihood of a retracement on "good news."  Approaching some short-term critical support breaks -- to the downside. Mr. Market flatlined from noon and had a little kick save at around 330 p.m. ET. I wouldn't be surprised if the markets were flattish the next one to two days and "consolidated" their losses. The U.S. dollar was a bit weaker, but nothing consequential. Bonds closed near to the price lows of the day and highs on yield. The 10-year U.S. note yield closed the trading day at 2.35%. The three-year U.S. note auction was weak, as discussed in "Bonds Matter."   Municipals were flat but closed-end municipal bond funds were hit hard for the second day in a row. I wrote some cautionary remarks on Friday and took off all the funds from my Best Ideas List in "Closing the Book on Closed-End Muni Funds.":  The high-yield market got hit and acted like junk.  So did one of my favorites, Blackstone/GSO Strategic Credit Fund (BGB), down 19 cents near the close. Crude was better in price, but you couldn't see it by looking at the energy stocks. Schlumberger (SLB) went on my Best Ideas List as a short this morning. As I mentioned last Thursday/Friday, I expect A LOT more volatility; I would reduce VAR ("Value at Risk") I will stick with my notion on Friday that (T)FANG has posted a near-term top. . Banks were lower but not too much, considering the broad-based market decline. Here are my bank "buy levels." LIfe insurance stocks reversed a lot of Friday's gain; poor relative performance vis a vis banks, and a possible tell for future weakness, even if rates continue to rise. Consumer staples lower, as reflected in the Consumer Staples Select Sector SPDR ETF (XLP). Retailers=Schmeissburger I added to a number of indi

Today's Trades Real Money Pro($)

Berkshire Hathaway (BRK.B) Consumer Staples Select Sector SPDR ETF
I give the win to the bears today (finally!), as Mr. Market (thus far) has made two failing attempts to rally. Bonds continued to drop in price and rise in yield. As I mentioned, in response to Kim G in the Comments section, I expect only a gradual rate rise in 2015 through 2017.The 10-year U.S. note, now at about 2.24%, has probably made most of its room to the upside in yield for the balance of the year. Municipals were flat to slightly lower as was high yield -- though Blackstone/GSO Strategic Credit Fund (BGB) is up a penny on the day.   Closed-end municipal bond funds are basically unchanged on the day. As I wrote at the end of September, I don't expect any/much capital appreciation in the year ahead, but I see the funds returning their dividends (annualized appreciation of about 6%). I believe this return will outperform the U.S. stock market over the next 12 months. Crude ends the session at lows, down by almost $1.15 a barrel. I initiated shorts in Schlumberger (SLB) and Exxon Mobil (XOM), the latter of which went on my Best Ideas List yesterday. There will be more names as I move down the quality spectrum. The group got schmeissed today.  The U.S. dollar was a tad weaker; consumer nondurables -- especially of a Procter & Gamble (PG) kind -- continue to respond negatively to the overall recent trend in our currency (higher). CNBC Blather Index: This week I counted (when I wasn't under the influence of anesthesia) 49 bulls and three bears. Enough said --- a Bull Market in Complacency is back in force. Crickets from talking heads on Qualcomm (QCOM), down $10 today, and FireEye ( FEYE), down $7 today, who expressed confidence in the names and pro-forma earnings earlier in the week.  Remember: Fast talking and sound bites are not a reason to listen to these imbeciles who are three miles wide and an inch or two deep. Enough said. Banks continue their winning streak as the Pavlovian reaction to a rise in the 10-year U.S. note yield of 15 basis points in the last few weeks has now gotten a bit carried away. I am still long but down to tag ends and expect some serious profit-taking  in a market correction (5% to 10%).  In the life insurance sector, MetLife (MET) followed Hartford Financial Services Group (HIG) with weak results. MET recently was put back on my Best Ideas List (short) and I added to it and Lincoln National (LNC) short yesterday. Berkshire Hathaway (BRK.B), as a commentator mentioned in Columnist Conversation, appears to be rolling over Autos still skidding. Apple (AAPL), after a nice run, could have an appointment under $120 a share; I have been adding to my short position this week. The dive by Valeant (VRX) is weighing on Biowreck;  iShares Nasdaq Biotechnology (IBB) is down by nearly 2% on the day. I wrote critically about the company about a week ago.  Mark today. (T)FANG might have topped -- just gauge the cheerleading. Radian (RDN), though up 2% today, has gotten quite inexpensive; it finally is rallying a bit today. Thanks for the comments on my accounting analysis of Facebook (FB).  Critical analysis is always important to read. I did my shorting yesterday, and I w

Recapping Yesterday's Trades Real Money Pro($)

I added to shorts in the SPDR S&P 500 ETF (SPY) at $211.05, the PowerShares QQQ ETF (QQQ) at $115.25 and the iShares Russell 2000 ETF (IWM) at $118.30, moving them back to medium-sized from small-sized. I established new shorts in United Parcel Service (UPS) at $104, Wells Fargo (WFC) at $54.58, Schlumberger (SLB) at $80.30 and Exxon Mobil
I am re-shorting and adding back the life insurance stocks to my Best Ideas List (short) -- Lincoln National (LNC) at $52.90 and MetLife (MET) at $50.80.
A down day, thus far. S&P near the day's low. SPDR S&P 500 ETF (SPY) at $206, or about 30 cents above the day's low. Fairly bad breadth on the NYSE. Qs (Nasdaq) are creaming Ss (S&P) who are creaming Rs (Russell). I am not sure of the last time the Nasdaq was higher on the day and the Russell was down by more than 1%. "Paradise Lost" in my Trade of the Week idea of iShares Russell 2000 ETF (IWM). Bonds bid well, both taxables and non-taxables. Financials weaker, especially of a life insurance kind as the meager reinvestment opportunities glow clearly in the earnings report of Hartford Financial Services Group (HIG). Lincoln National (LNC), MetLife (MET) and Prudential (PRU) wiping up the joint.  Banks are getting hit, and I expect after the nice run-up for this to continue. (T)FANG mixed, which is good performance relative to the recent price advance. Retail tagged, too. Autos lower on the Ford (f) disappointment relative to expectations. Energy under the spell of still-lower crude oil prices. Transports (trucking and airlines in particular) awful, seemingly portending slowing domestic economic growth that has been confirmed in a lot of high-frequency economic statistics. So does the United Parcel Service (UPS) miss foreshadow economic issues. Biowreck in a reasonable "dead cat bounce" mode today, up 2%. But Valeant Pharmaceuticals (VRX) -- the object of my disaffection in today's opening missive -- is down on the day.  Gold is disappointing. Some profit-taking consumer non-durables, led by Procter & Gamble (PG) and Kimberly-Clark (KMB), but nothing material. The Alibaba (BABA) and Yahoo! (YHOO) sell-offs -- down $5 and $1.50, respectively -- from premarket highs were meaningful. When does Uncle Warren say "What the heck?" -- my editor cleaned this up -- to IBM (IBM) and take his loss as he did in Exxon Mobil (XOM)? My guess is, never. Ferrari IPO stalled below offering price. GrubHub (GRUB) down by more than 25% despite large call buying this week. Thanks again to Jeff Saut at Raymond James for a nice shout-out.  Despite some modest weakness in the high-yield bond market, Blackstone/GSO Strategic Credit Fund (BGB) trading up by 0.5% this afternoon. I only
As I wrote yesterday, the big miss by Hartford Financial (HIG) underscores the reinvestment challenges facing the life- and casualty-insurance businesses.

Hartford Financial Disappoints Real Money Pro($)

A quick read on Hartford Financial Services Group (HIG) is that the company had a disappointing 13-cent miss, but I'm still working on the report.

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