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No insider purchase over the last 90 days. The latest, by Charters Jennifer, was filed 16 Mar 2026.
Lincoln National Corp: what insiders have been doing
Lincoln National Corp, classified in the Banks sector, is a listed company based in Fort Wayne, United States, founded in 1905. Its insiders report their share dealings to SEC (Form 4). Over the twelve months to 20 October 2026, 46 filings were filed, from 19 insiders.
Both sides are active: 2 purchases worth €81k and 7 sales worth €2.4M, from 2 insiders and 5 insiders respectively. Sales outweigh purchases by €2.3M. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. At €890k, the sale published on 8 June 2026 by Beazer CraigT T is the largest of the period. On the buying side, the filings list 2 senior executives among the declarants.
For context, the typical company on the same exchange (median of 5,453 companies) published 22 filings over the same period, against 46 filings here. The full history, which starts in 2016, counts 17 purchases against 80 sales. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 18.21 bn USD and net income at 1.18 bn USD; the dividend was 1.80 USD per share.
The latest purchase dates back some time: it was published 219 days ago, on 16 March 2026. The median gap between a trade and its publication by SEC (Form 4) is 2 days. For comparison, the SEC allows two business days to file a Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives.
Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
509
Thresholds
n/a
Buy Volume
€2M
17 ops. · all time
Sell Volume
€127M
80 ops. · all time
Who traded when
BuySaleSean Woodroffe4 sales
John Christopher Kennedy2 sales
Brian Kroll1 sale
CraigT T. Beazer1 sale
Gary C. Kelly1 sale
James Waltman Reid1 sale
+3 other insiders
Since the insiders bought
- +13.8%Entry US$34.54 · Close 19 Oct 2026 US$39.30
- -0.2%Entry US$39.37 · Close 19 Oct 2026 US$39.30
- +54.6%Entry US$19.38 · Close at T+365 US$29.97
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Lincoln National Corp Hold (neutral), based on 12 analysts. Average price target: US$47.83.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 4,803 of 26,281 companies
68.1
score / 100
Value62
Quality74
FCF yld-2.2%
Earn yld15%
EV/EBITDA·
ROE23%
Gross mgn·
Net mgn6.4%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$39.83
Analyst consensus
12 analystsHold
US$35.00Target US$47.83(+20%)US$57.00
Income statement
RevenueUS$18.3B
Net incomeUS$1.2B12.2% margin
Valuation
PER (trailing)3.4x
PER (forward)4.6x
P/Book0.7x
Beta1.15
Balance sheet & cash
Market capUS$7.6B
Total debtUS$6.4B
Free Cash Flow-US$167M
Debt / Equity64%
Profitability & ownership
ROE22.6%
ROA0.3%
% insiders0.3%
% institutions87.0%
Last declaration on 3 September 2026
Declarations509 total
56,220 shares@ US$45.2351.2% of flowCommonSEC144:0001969223-26-000989
7,866 shares0Common StockSEC:0001214659-26-010912:0
23,597 shares0Common StockSEC:0001214659-26-010912:1
53,681 shares@ US$45.119948.8% of flowCommonSEC144:0001969223-26-000925
637 shares0Common StockSEC:0001214659-26-010523:0
11,000 shares@ US$45.288.6% of flowCommon StockSEC:0001214659-26-010521:0
11,000 shares@ US$45.46100.0% of flowCommon StockSEC144:0001968582-26-000853
15,006.55 shares@ US$26.5032.5% of flowDepositary Shares representing Series D Preferred StockSEC:0001214659-26-010421:0
15,006 shares@ US$26.5432.6% of flowPreferredSEC144:0001959173-26-005933
2,464 shares@ US$46.0323.4% of flowCommon StockSEC:0001214659-26-009905:0
30,000 shares@ US$34.4570.7% of flowCommon StockSEC:0001214659-26-007235:0
30,000 shares@ US$34.459100.0% of flowCommonSEC144:0001969223-26-000646
300 shares@ US$32.61100.0% of flowCommon StockSEC:0001214659-26-003326:0
Canonical exit: 11 Jun 2026 (T+90)
8,000 shares@ US$32.744.6% of flowCommon StockSEC:0001214659-26-003009:0
10,000 shares@ US$34.465.9% of flowCommon StockSEC:0001214659-26-002701:0
42,810 shares0Common StockSEC:0001214659-26-002273:0
22,026 shares0Common StockSEC:0001214659-26-002276:0
30,549 shares0Common StockSEC:0001214659-26-002274:0
48,925 shares0Common StockSEC:0001214659-26-002275:0
13,716 shares0Common StockSEC:0001214659-26-002271:0
19,951 shares0Common StockSEC:0001214659-26-002272:0
20,574 shares0Common StockSEC:0001214659-26-002270:0
189,295 shares0Common StockSEC:0001214659-26-002269:0
8,266 shares0Common StockSEC:0001214659-26-002268:0
18,704 shares0Common StockSEC:0001214659-26-002267:0
25 of 509 declarations
About Lincoln National Corp
Lincoln National Corp. (NYSE: LNC) is a U.S.-based financial services group focused on insurance and retirement solutions. Its roots go back to 1905 in Fort Wayne, Indiana, where the business began as Lincoln National Life Insurance Company. Today, Lincoln Financial is the operating brand used across the group, which serves individuals, employers, and financial professionals across the United States. For international equity investors, Lincoln is best understood as a long-established American life and retirement insurer with meaningful exposure to policyholder behavior, interest rates, capital markets, and fee-based retirement assets.
The company reports through four core business segments: Annuities, Life Insurance, Group Protection, and Retirement Plan Services. This diversified structure gives Lincoln multiple revenue streams and end-market exposures. Its annuity franchise includes fixed, variable, and registered index-linked annuities, which are designed to support retirement accumulation and income generation. The life insurance segment provides traditional protection and accumulation-oriented products. Group Protection offers employer-sponsored disability, life, dental, vision, and supplemental benefits. Retirement Plan Services provides recordkeeping, administration, and related solutions for employer retirement plans. In practice, Lincoln’s proposition combines insurance protection with retirement income design, which is a central theme in the U.S. retirement market.
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Competitively, Lincoln operates in a crowded U.S. marketplace alongside other large life insurers, annuity specialists, and retirement-platform providers. Its strengths include a long operating history, a recognizable brand, established distribution relationships, and a product mix aligned with demographic demand for retirement income and workplace benefits. The company’s scale is national rather than global, with operations concentrated in the United States and support functions tied to its historic base in Fort Wayne and other U.S. financial centers.
Recent developments have centered on balance-sheet discipline, capital management, and portfolio optimization. Lincoln’s 2025 annual report indicates continued emphasis on strengthening financial flexibility and managing its market-sensitive businesses more efficiently. The filing also reflects ongoing segment refinement and highlights the importance of annuity-related products and retirement services within the company’s strategic mix. For investors following Form 4 insider activity and capital-market signals, Lincoln remains a name to watch because its earnings sensitivity is closely linked to rates, equity markets, hedging results, and operating performance across its insurance and retirement franchises. As a publicly traded U.S. company on the NYSE, Lincoln National remains a classic long-duration financial stock with a value-and-income profile, but also with the inherent volatility typical of insurance balance sheets and market-dependent products.
