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35.32 (1y: +67%)
Market Cap 9.34 B P/E(ttm) 7.70
Enterprise Value 14.91 B P/B 0.60
LNC- NYSE (USA)
Lincoln National Corp (Radnor, PA)
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$35.32
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.75
LNC's Cash to Debt is ranked lower than
60% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 2.10 vs. LNC: 0.75 )
LNC' s 10-Year Cash to Debt Range
Min: 0.32   Max: 2.55
Current: 0.75
0.32
2.55
Equity to Asset 0.058
LNC's Equity to Asset is ranked lower than
58% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.09 vs. LNC: 0.058 )
LNC' s 10-Year Equity to Asset Range
Min: 0.01   Max: 0.06
Current: 0.06
0.01
0.06
Interest Coverage 5.7
LNC's Interest Coverage is ranked lower than
62% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 10000.00 vs. LNC: 5.7 )
LNC' s 10-Year Interest Coverage Range
Min: 1   Max: 13
Current: 5.7
1
13
F-Score: 5
Z-Score: 0.12
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 13.60
LNC's Operating margin (%) is ranked higher than
84% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 6.65 vs. LNC: 13.60 )
LNC' s 10-Year Operating margin (%) Range
Min: -6.1   Max: 22.5
Current: 13.6
-6.1
22.5
Net-margin (%) 11.4
LNC's Net-margin (%) is ranked higher than
89% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 4.25 vs. LNC: 11.4 )
LNC' s 10-Year Net-margin (%) Range
Min: -5.7   Max: 15.1
Current: 11.4
-5.7
15.1
ROE (%) 8.8
LNC's ROE (%) is ranked higher than
71% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 7.00 vs. LNC: 8.8 )
LNC' s 10-Year ROE (%) Range
Min: -4.1   Max: 13
Current: 8.8
-4.1
13
ROA (%) 0.6
LNC's ROA (%) is ranked higher than
53% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.80 vs. LNC: 0.6 )
LNC' s 10-Year ROA (%) Range
Min: -0.3   Max: 0.7
Current: 0.6
-0.3
0.7
Revenue Growth (%) 7.7
LNC's Revenue Growth (%) is ranked lower than
53% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 4.05 vs. LNC: 7.7 )
LNC' s 10-Year Revenue Growth (%) Range
Min: -7.6   Max: 7.7
Current: 7.7
-7.6
7.7
ยป LNC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

LNC Guru Trades in Q2 2012

Jim Simons 92,474 sh (New)
Ray Dalio 15,532 sh (New)
Paul Tudor Jones 18,000 sh (New)
Jeremy Grantham 240,000 sh (+32.67%)
Steven Cohen 374,160 sh (+14.94%)
David Dreman 149,707 sh (+1.08%)
Bill Frels 21,000 sh (unchged)
Bruce Kovner Sold Out
George Soros Sold Out
Ronald Muhlenkamp 301,095 sh (-0.31%)
Brian Rogers 4,735,000 sh (-5.02%)
NWQ Managers 4,071,230 sh (-6.36%)
Leon Cooperman 1,756,716 sh (-46.2%)
Chuck Royce 1,900 sh (-75.32%)
» More
Q3 2012

LNC Guru Trades in Q3 2012

Steven Cohen 617,968 sh (+65.16%)
Jeremy Grantham 338,900 sh (+41.21%)
David Dreman 149,769 sh (+0.04%)
Chuck Royce 1,900 sh (unchged)
Bill Frels 21,000 sh (unchged)
Brian Rogers 4,735,000 sh (unchged)
Paul Tudor Jones Sold Out
Ray Dalio Sold Out
Jim Simons Sold Out
Ronald Muhlenkamp 300,495 sh (-0.2%)
NWQ Managers 4,008,360 sh (-1.54%)
Leon Cooperman 1,519,216 sh (-13.52%)
» More
Q4 2012

LNC Guru Trades in Q4 2012

Ray Dalio 34,497 sh (New)
Brian Rogers 4,735,000 sh (unchged)
Jeremy Grantham 408,093 sh (unchged)
Bill Frels 21,000 sh (unchged)
Ronald Muhlenkamp 300,500 sh (unchged)
Leon Cooperman Sold Out
Chuck Royce Sold Out
David Dreman 147,610 sh (-1.44%)
NWQ Managers 3,355,016 sh (-16.3%)
Steven Cohen 404,679 sh (-34.51%)
» More
Q1 2013

LNC Guru Trades in Q1 2013

Chuck Royce 3,600 sh (New)
Paul Tudor Jones 6,900 sh (New)
Pioneer Investments 696,200 sh (New)
David Tepper 384,683 sh (New)
John Keeley 11,750 sh (New)
Joel Greenblatt 10,765 sh (New)
Jeremy Grantham 413,993 sh (+1.45%)
Ronald Muhlenkamp 304,695 sh (+1.4%)
NWQ Managers Sold Out
Ray Dalio Sold Out
Brian Rogers 4,535,000 sh (-4.22%)
Bill Frels 20,000 sh (-4.76%)
David Dreman 127,779 sh (-13.43%)
Steven Cohen 6,850 sh (-98.31%)
» More
» Details

Insider Trades

Latest Guru Trades with LNC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 New Buy0.02%$25.9 - $33.47 $ 35.3218%10765
John Keeley 2013-03-31 New Buy0.01%$25.9 - $33.47 $ 35.3218%11750
Ray Dalio 2013-03-31 Sold Out 0.01%$25.9 - $33.47 $ 35.3218%0
Leon Cooperman 2012-12-31 Sold Out 0.74%$23.15 - $26.45 $ 35.3242%0
Ray Dalio 2012-12-31 New Buy0.01%$23.15 - $26.45 $ 35.3242%34497
Ray Dalio 2012-09-30 Sold Out 0.01%$19.28 - $25.8 $ 35.3257%0
Leon Cooperman 2012-06-30 Reduce -46.2%0.79%$19.32 - $26.27 $ 35.3257%1756716
Ray Dalio 2012-06-30 New Buy0.01%$19.32 - $26.27 $ 35.3257%15532
George Soros 2012-06-30 Sold Out 0.0043%$19.32 - $26.27 $ 35.3257%0
Ray Dalio 2012-03-31 Sold Out 0.12%$19.93 - $27.29 $ 35.3257%0
George Soros 2012-03-31 New Buy$19.93 - $27.29 $ 35.3257%11100
Ronald Muhlenkamp 2011-12-31 New Buy1.2%$14.32 - $21.4 $ 35.3290%300600
Leon Cooperman 2011-12-31 Add 20.29%0.27%$14.32 - $21.4 $ 35.3290%3265416
Ray Dalio 2011-12-31 Reduce -60.93%0.13%$14.32 - $21.4 $ 35.3290%355046
David Dreman 2011-12-31 Add 26.91%0.01%$14.32 - $21.4 $ 35.3290%148127
Leon Cooperman 2011-09-30 Add 30.45%0.29%$15.3 - $29.39 $ 35.3259%2714716
Ray Dalio 2011-09-30 Add 745%0.19%$15.3 - $29.39 $ 35.3259%908649
Dodge & Cox 2011-09-30 Sold Out 0.0003%$15.3 - $29.39 $ 35.3259%0
David Dreman 2011-06-30 New Buy0.06%$26.06 - $31.64 $ 35.3223%114220
Dodge & Cox 2011-06-30 New Buy$26.06 - $31.64 $ 35.3223%7861
Dodge & Cox 2011-03-31 Sold Out $27.81 - $32.49 $ 35.3217%0
David Dreman 2010-12-31 Sold Out $23.42 - $28.92 $ 35.3238%0
Dodge & Cox 2010-12-31 New Buy$23.42 - $28.92 $ 35.3238%10861
George Soros 2010-09-30 Sold Out 0.01%$20.97 - $26.46 $ 35.3247%0
David Dreman 2010-09-30 Reduce -23.01%$20.97 - $26.46 $ 35.3247%8958
George Soros 2010-06-30 Add 44.93%$24.62 - $32.9 $ 35.3223%10000
David Dreman 2010-03-31 Reduce -46.38%$23.5 - $30.22 $ 35.3234%9770
George Soros 2010-03-31 New Buy$23.5 - $30.22 $ 35.3234%6900
Premium More recent guru trades are included for Premium Members only!!

Preferred stocks of Lincoln National Corp (Radnor, PA)

SymbolPriceYieldDescription
LNCPR0.050.00$3 Cumulative Convertible Preferred Shares Series A

Ratios

vs
industry		 vs
history
P/E(ttm) 7.70
LNC's P/E(ttm) is ranked lower than
51% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 12.95 vs. LNC: 7.70 )
LNC' s 10-Year P/E(ttm) Range
Min: 2.46   Max: 174
Current: 7.7
2.46
174
P/B 0.60
LNC's P/B is ranked higher than
84% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.07 vs. LNC: 0.60 )
LNC' s 10-Year P/B Range
Min: 0.17   Max: 2.37
Current: 0.6
0.17
2.37
P/S 0.90
LNC's P/S is ranked lower than
53% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.75 vs. LNC: 0.90 )
LNC' s 10-Year P/S Range
Min: 0.15   Max: 2.02
Current: 0.9
0.15
2.02
PFCF 13.60
LNC's PFCF is ranked lower than
73% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 4.45 vs. LNC: 13.60 )
LNC' s 10-Year PFCF Range
Min: 1.58   Max: 22.14
Current: 13.6
1.58
22.14
EV-to-EBIT 9.5
LNC's EV-to-EBIT is ranked higher than
98% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 9.00 vs. LNC: 9.5 )
LNC' s 10-Year EV-to-EBIT Range
Min: 3.2   Max: 225.5
Current: 9.5
3.2
225.5
Shiller P/E 20.8
LNC's Shiller P/E is ranked higher than
73% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 8.10 vs. LNC: 20.8 )
LNC' s 10-Year Shiller P/E Range
Min: 1.47   Max: 20.8
Current: 20.8
1.47
20.8

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.10
LNC's Dividend Yield is ranked lower than
64% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 2.15 vs. LNC: 1.10 )
LNC' s 10-Year Dividend Yield Range
Min: 0.12   Max: 27.13
Current: 1.1
0.12
27.13
Dividend Payout 0.1
LNC's Dividend Payout is ranked higher than
98% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.33 vs. LNC: 0.1 )
LNC' s 10-Year Dividend Payout Range
Min: 0.03   Max: 8.51
Current: 0.1
0.03
8.51
Dividend growth (3y) 56.5
LNC's Dividend growth (3y) is ranked higher than
64% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 5.40 vs. LNC: 56.5 )
LNC' s 10-Year Dividend growth (3y) Range
Min: -56.7   Max: 56.5
Current: 56.5
-56.7
56.5
Yield on cost (5-Year) 0.34
LNC's Yield on cost (5-Year) is ranked lower than
89% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 2.17 vs. LNC: 0.34 )
LNC' s 10-Year Yield on cost (5-Year) Range
Min: 0.04   Max: 8.35
Current: 0.34
0.04
8.35
Share Buyback Rate -0.2
LNC's Share Buyback Rate is ranked lower than
64% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: -0.85 vs. LNC: -0.2 )
LNC' s 10-Year Share Buyback Rate Range
Min: 2   Max: -11.2
Current: -0.2

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 0.8
LNC's Price/Tangible Book is ranked lower than
67% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.90 vs. LNC: 0.8 )
LNC' s 10-Year Price/Tangible Book Range
Min: 0.6   Max: 4.4
Current: 0.8
0.6
4.4
Price/DCF (Projected) 0.4
LNC's Price/DCF (Projected) is ranked higher than
76% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.30 vs. LNC: 0.4 )
LNC' s 10-Year Price/DCF (Projected) Range
Min: 0.2   Max: 0.9
Current: 0.4
0.2
0.9
Price/Median PS Value 0.7
LNC's Price/Median PS Value is ranked lower than
71% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.80 vs. LNC: 0.7 )
LNC' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.4
Current: 0.7
0.4
1.4
Price/Graham Number 0.5
LNC's Price/Graham Number is ranked lower than
60% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.65 vs. LNC: 0.5 )
LNC' s 10-Year Price/Graham Number Range
Min: 0.4   Max: 2.5
Current: 0.5
0.4
2.5
Earnings Yield (Greenblatt) 10.50
LNC's Earnings Yield (Greenblatt) is ranked higher than
96% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 10.20 vs. LNC: 10.50 )
LNC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 31.2
Current: 10.5
0.4
31.2
Forward Rate of Return (Yacktman) 10.27
LNC's Forward Rate of Return (Yacktman) is ranked higher than
64% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 18.65 vs. LNC: 10.27 )
LNC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 12.3   Max: 112
Current: 10.27
12.3
112

Business Description

Lincoln National Corp (Radnor, PA) was organized under the laws of the state of Indiana in 1968. It is a holding company that operates multiple insurance and retirement businesses through subsidiary companies. It provides products and services and report results through four segments as follows: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment provides tax-deferred investment growth and lifetime income opportunities for its clients by offering fixed (including indexed) and variable annuities. The "fixed" and "variable" classifications describe whether the company or the contract holders bear the investment risk of the assets supporting the contract. In 2011, it offered product riders including the Lincoln Lifetime IncomeSM Advantage, Lincoln Lifetime IncomeSM Advantage 2.0 and Lincoln Lifetime IncomeSM Advantage Plus, which are hybrid benefit riders combining aspects of GWB and GIB. The Retirement Plan Services segment provides employers with retirement plan products and services, primarily in the defined contribution retirement plan marketplaces. The Retirement Plan Services segment currently brings three primary offerings to the employer-sponsored market: LINCOLN DIRECTORSM group variable annuity, LINCOLN ALLIANCE program, and Multi-Fund variable annuity. The Life Insurance segment focuses on the creation and protection of wealth for its clients through the manufacturing of life insurance products, including term insurance, a linked-benefit product (which is a UL policy linked with riders that provide for long-term care costs) and both single and survivorship versions of UL and VUL, including COLI and BOLI products. The Group Protection segment offers group non-medical insurance products, principally term life, disability and dental, to the employer marketplace through various forms of contributory and noncontributory plans. It currently owns four issued U.S. patents and have additional patent applications pending in the U.S. Patent and Trademark Office. LNC and its main insurance subsidiaries are subject to regulation to the insurance holding company laws of the states of Indiana and New York.
Company Website
SEC Reports
Industry: Insurance - Life
Compare:LFC, PIAIF, AAGIY, CNPAY, CHPXF
Traded in other countries:LCO.Germany
ยป More Articles for LNC

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