Public Sector Pension Investment Board Has $26.54 Million Stock Position in Lincoln National Corporation $LNC

Public Sector Pension Investment Board grew its holdings in Lincoln National Corporation (NYSE:LNC) by 13.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 658,125 shares of the financial services provider’s stock after acquiring an additional 76,074 shares during the quarter. Public Sector Pension Investment Board’s holdings in Lincoln National were worth $26,542,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Baird Financial Group Inc. acquired a new position in shares of Lincoln National during the 1st quarter worth approximately $241,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Lincoln National by 30.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,981 shares of the financial services provider’s stock worth $2,585,000 after buying an additional 16,991 shares in the last quarter. Empowered Funds LLC increased its stake in Lincoln National by 316.9% during the 1st quarter. Empowered Funds LLC now owns 59,115 shares of the financial services provider’s stock worth $2,123,000 after acquiring an additional 44,936 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Lincoln National by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 623,322 shares of the financial services provider’s stock valued at $22,383,000 after acquiring an additional 29,421 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in shares of Lincoln National by 39.1% during the 1st quarter. Focus Partners Wealth now owns 19,530 shares of the financial services provider’s stock valued at $701,000 after acquiring an additional 5,486 shares during the period. 72.81% of the stock is owned by institutional investors.

Key Stories Impacting Lincoln National

Here are the key news stories impacting Lincoln National this week:

• Positive Sentiment: Q4 beat and strong profitability — LNC reported Q4 EPS of $2.21 vs. consensus $1.86 and revenue of $4.89B (vs. ~$4.85B), with fourth-quarter net income available to common of $745M and adjusted operating income of $434M; management highlighted record operating income. Lincoln National Corp (LNC) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Business mix & capital efficiency driving outperformance — Analysts and company commentary point to a favorable shift in business mix, stronger capital allocation and higher return-on-equity metrics that amplified results and underpin the stock rally. LNC Q4 Deep Dive: Business Mix Shift and Capital Efficiency Drive Outperformance
• Positive Sentiment: Market reaction / investor notes — Coverage pieces explain the stock jump (one notes a ~5.65% intraday move) driven by the beat, confirmed execution and clearer capital-return optionality (dividends/buybacks). That investor enthusiasm is boosting the shares. Why Lincoln National Corporation’s (LNC) Stock Is Up 5.65%
• Neutral Sentiment: Earnings call transcripts available — Full call transcripts (Seeking Alpha, Yahoo/MSN) provide management color on segment performance, capital actions and outlook; nothing in the transcripts so far contradicts the positive takeaways. Lincoln National Corporation (LNC) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Metric-level analysis — Note pieces (Zacks, others) compare key metrics to estimates and prior year; while EPS and operating income outperformed, some line-item trends warrant watching (see linked analysis). Compared to Estimates, Lincoln National (LNC) Q4 Earnings
• Negative Sentiment: Revenue trend and longer-term growth questions — Revenue was down ~2.8% year-over-year, highlighting that top-line growth remains a challenge even as margins and capital returns improve; investors should watch upcoming guidance and sales/renewal trends. Lincoln National (LNC) Beats Q4 Earnings and Revenue Estimates

Insiders Place Their Bets

In related news, EVP John Christopher Kennedy sold 3,519 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $44.15, for a total transaction of $155,363.85. Following the sale, the executive vice president owned 118,985 shares in the company, valued at $5,253,187.75. The trade was a 2.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.51% of the stock is owned by corporate insiders.

Lincoln National Trading Up 0.6%

Shares of Lincoln National stock opened at $40.90 on Friday. The firm’s 50 day moving average is $42.98 and its 200 day moving average is $41.31. The firm has a market capitalization of $7.77 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.43 and a beta of 1.30. Lincoln National Corporation has a 1 year low of $27.58 and a 1 year high of $46.82. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.59.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, February 12th. The financial services provider reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.35. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.85 billion. Lincoln National had a net margin of 6.46% and a return on equity of 18.52%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $1.91 earnings per share. Equities research analysts forecast that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on LNC. Mizuho assumed coverage on Lincoln National in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $52.00 price target on the stock. Wells Fargo & Company raised their target price on shares of Lincoln National from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lincoln National in a report on Monday, December 29th. Jefferies Financial Group lifted their price objective on shares of Lincoln National from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Piper Sandler boosted their price objective on shares of Lincoln National from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, December 23rd. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $46.25.

About Lincoln National

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.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.