Recent Analysts’ Ratings Changes for Lincoln National (LNC)

Several brokerages have updated their recommendations and price targets on shares of Lincoln National (NYSE: LNC) in the last few weeks:

• 4/14/2026 – Lincoln National had its price target lowered by Bank of America Corporation from $41.00 to $37.00. They now have a “neutral” rating on the stock.
• 4/13/2026 – Lincoln National was given a new $48.00 price target by National Bank Financial.
• 4/13/2026 – Lincoln National had its price target lowered by Mizuho from $54.00 to $48.00. They now have an “outperform” rating on the stock.
• 4/10/2026 – Lincoln National had its price target lowered by Wells Fargo & Company from $48.00 to $43.00. They now have an “overweight” rating on the stock.
• 4/9/2026 – Lincoln National had its price target lowered by UBS Group AG from $43.00 to $37.00. They now have a “neutral” rating on the stock.
• 4/8/2026 – Lincoln National had its price target lowered by Barclays PLC from $44.00 to $42.00. They now have an “equal weight” rating on the stock.
• 3/27/2026 – Lincoln National had its “buy (b-)” rating reaffirmed by Weiss Ratings.
• 3/26/2026 – Lincoln National had its “moderate buy” rating reaffirmed by Keefe, Bruyette & Woods. They now have a $43.00 price target on the stock.
• 3/11/2026 – Lincoln National had its price target lowered by Barclays PLC from $45.00 to $44.00. They now have an “equal weight” rating on the stock.
• 3/9/2026 – Lincoln National had its price target lowered by TD Cowen from $43.00 to $38.00. They now have a “hold” rating on the stock.
• 3/3/2026 – Lincoln National had its price target lowered by Morgan Stanley from $50.00 to $46.00. They now have an “overweight” rating on the stock.
• 2/25/2026 – Lincoln National was upgraded by Wells Fargo & Company from “equal weight” to “overweight”. They now have a $48.00 price target on the stock, up from $41.00.
• 2/23/2026 – Lincoln National had its price target lowered by Morgan Stanley from $54.00 to $50.00. They now have an “overweight” rating on the stock.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, April 10th. Lincoln National’s dividend payout ratio (DPR) is 33.90%.

Insider Activity at Lincoln National

In related news, EVP Sean Woodroffe sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $34.46, for a total transaction of $344,600.00. Following the completion of the transaction, the executive vice president owned 206,159 shares of the company’s stock, valued at $7,104,239.14. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder National Life Insuranc Lincoln acquired 2,254,486 shares of Lincoln National stock in a transaction that occurred on Wednesday, February 25th. The shares were bought at an average cost of $11.09 per share, with a total value of $25,002,249.74. Following the transaction, the insider owned 9,784,322 shares in the company, valued at $108,508,130.98. This represents a 29.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 21,050 shares of company stock valued at $734,041 in the last 90 days. Corporate insiders own 0.51% of the company’s stock.

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.