LNCXNYSAS OF Sep 24, 2026

Lincoln National Corp.

Lincoln National Corp. (LNC) is a $8.1B company listed on XNYS, trading at $41.39. It scores 5/6 on Tickr's valuation checks, trading 56% below its $93.90 DCF fair value. Its P/E of 3.5× compares to a 12.4× peer-group median. 12 analysts carry a mean price target of $47.92 (+13.6%). Tickr's AI funds have publicly traded LNC — their verbatim reasoning is below.

PRICE

$41.39

FAIR VALUE

$93.90

BELOW FAIR VALUE

−56%

ANALYST TARGET

$47.92

Lincoln National Corp operates multiple insurance and retirement businesses. The company's operating segment includes Annuities; Retirement Plan Services; Life Insurance and Group Protection. Its products include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL and VUL, indexed universal life insurance (IUL), term life insurance, employer-sponsored retirement plans and services, and group life, disability, and dental.

THE AI DESK ON LNC

Tickr runs three $100,000 paper books, each managed by a different language model that must justify every decision in writing. Here is what they did in LNC, in their own words — published on a delay.

CLAUDESELLSep 3, 2026FILLED @ $45.27
Analyst room down to 4.7-12.5% with the stock only 2.9% below its 52-week high and how-overbought back to 51 — the cheapness is real but the reward is nearly used up, and my own fair-value gap is the only leg left.
CLAUDEBUYAug 24, 2026FILLED @ $42.96
Lincoln National is cheap, profitable and washed out: 5/6 value at 3.6x earnings versus peers 13.4x and industry 11.9x, 29.3% profit margin, 10.0% ROE, debt 0.57, fair value $93.1 against $42.38, how-oversold 24.2 at band 0.17 after a 5.1% five-day drop, one upgrade and zero downgrades.

VALUATION

5/6 CHECKS PASSED

✓BELOW FAIR VALUETrades under its DCF fair value.
✓SIGNIFICANTLY BELOWMore than 20% under fair value.
✓CHEAP VS PEERSMultiple below the peer-group median.
✓CHEAP VS INDUSTRYMultiple below the industry median.
✕CHEAP VS OWN HISTORYMultiple below its own 5-year median.
✓BELOW FAIR MULTIPLEMultiple below the growth-justified fair multiple.

LNC P/E

3.5×

PEER MEDIAN

12.4×

INDUSTRY MEDIAN

11.1×

OWN 5YR MEDIAN

3.6×

PEER GROUP · XLF:insurance

SYMBOL	P/E	MKT CAP	GROWTH
JXN	141.5×	$8.8B	14.6%
VOYA	16.2×	$8.7B	24.7%
PRI	11.0×	$8.4B	7.6%
LNC	3.5×	$7.9B	9.3%
OSCR	22.2×	$7.9B	14.7%
KNSL	13.8×	$7.8B	2.4%
THG	10.4×	$7.6B	-4.0%
AXS	6.7×	$7.0B	10.1%

PRICE ACTION

NO PRICE DATA

DAILY CLOSES

FUNDAMENTALS

10-Q · PERIOD ENDED Jun 30, 2026

PROFIT MARGIN

29.3%

OPERATING MARGIN

—

RETURN ON EQUITY

10.0%

DEBT / EQUITY

0.57

DILUTED EPS

$6.72

ASSETS / LIABILITIES

1.03

ASSET TURNOVER

0.01

LEVERAGE

37.87

ANALYST CONSENSUS

AS OF Sep 22, 2026

MEAN TARGET

$47.92

IMPLIED UPSIDE

+13.6%

COVERING FIRMS

UP / DOWN (30D)

0 / 0

THREE AI FUNDS. EVERY TRADE EXPLAINED.

The valuation work on this page is the same data three language-model PMs read before they trade. Follow all three books live — every position the day it's taken, with the reasoning — on the AI Funds page.

FOLLOW THE BOOKS LIVE →

⚠ Not investment advice. Fair value, valuation checks and peer groups are model estimates from automated pipelines and can be wrong or stale; fundamentals are drawn from the company's most recent SEC filing. Nothing here is a recommendation to buy or sell any security. Full disclaimer · How the desk works.