LNC Lincoln National Corporation Common Stock
NYSE · Insurance · View on SEC EDGAR ↗ close Oct 5, 2026 10-K/10-Q Jul 30, 2026LNC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
LNC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
| Ex-date | Split | Type |
|---|---|---|
| June 22, 1999 | 2-for-1 | Forward |
| June 28, 1993 | 2-for-1 | Forward |
About Lincoln National Corporation Common Stock Company overview from Wikipedia
Lincoln National Corporation is a Fortune 200 American holding company, which operates multiple insurance and investment management businesses through subsidiary companies. Lincoln Financial Group is the marketing name for LNC and its subsidiary companies.
LNC was organized under the laws of the state of Indiana in 1968, and maintains its principal executive offices in Radnor, Pennsylvania. The company traces its roots to its earliest predecessor founded in 1905.
In addition, LNC is the naming rights sponsor of Lincoln Financial Field in Philadelphia, home field of the Philadelphia Eagles of the National Football League.
History
Founding and early history
Lincoln traces its origin to June 12, 1905, in Fort Wayne, Indiana, as the Lincoln National Life Insurance Company. Four men were founders of the organization, with Daniel Ninde, an attorney, becoming the largest stockholder and first Chief Financial Officer of the company, according to Ninde family history. Daniel Ninde was educated as a midshipman at the United States Naval Academy in Annapolis, MD. He descended from a local Fort Wayne family that included a number of Circuit Court judges. Downtown Fort Wayne is located on the site of his great uncle Harry Ninde's farm. The four founders all worked in various roles at Lincoln National. They bought a smaller insurance company located in North Dakota and needed to pass a 6-month residency requirement to complete the sale. They then bought a furnished home located in that state and spent the next six months on weekends playing poker for its furnishings. Daniel Ninde's family still owns a large oriental rug he won in a card game there. Manager Perry Randall, a Fort Wayne attorney and entrepreneur, suggested the name "Lincoln," arguing that the name of Abraham Lincoln would powerfully convey a spirit of integrity. In August 1905 Robert Todd Lincoln provided a photograph of his father, along with a letter authorizing the use of his father's likeness and name for company stationery and advertising.
In 1928, LNC president Arthur Hall hired Dr. Louis A. Warren, a Lincoln scholar, and in 1929, LNC acquired one of the largest collections of books about Abraham Lincoln in the United States. The Lincoln Museum in Fort Wayne was the second largest Lincoln museum in the country, but closed in June 2008.
Ian Rolland started with Lincoln in 1956, and became president of Lincoln National Life in 1977. When Rolland retired in 1998, new president Jon A. Boscia moved LNC to Philadelphia and started using the Lincoln Financial Group name for marketing. Lincoln National Life, the largest subsidiary, and the Lincoln Museum remained in Fort Wayne.
1990–2007
Lincoln Reinsurance was the first US reinsurance company; it was sold to Swiss Re in 2001. K&K Insurance Specialties was the first to insure events like NASCAR races; it was sold to Aon in 1993. Safeco bought American States, a property/casualty insurance business because Lincoln was primarily in life/health. However, LNC even sold a block of disability income business to MetLife in 1999, as it narrowed its focus.
Lincoln moved its headquarters from Indiana to Philadelphia in 1999. In Philadelphia Lincoln was headquartered in the West Tower of Centre Square in Center City.
Lincoln Financial was naming rights sponsor for the 2000 Rugby League World Cup which was held in England.
Lincoln Financial Group purchased the Administrative Management Group, Inc. based in Arlington Heights, Illinois in August 2002. Previously, AMG was a strategic partner of LFG for four years, providing recordkeeping services for the Lincoln Alliance product, a turnkey solution for "employer retirement and employee benefit programs, including investment choices, recordkeeping, plan design, compliance and employee retirement counseling and education."
In 2007, the company moved 400 employees, including its top executives, to Radnor Township from Philadelphia.
Jefferson-Pilot acquisition
Following the acquisition of Jefferson-Pilot Corporation in March 2006, Lincoln Financial acquired group life, disability, and dental insurance divisions. Jefferson-Pilot Corporation was a Fortune 500 company based in Greensboro, North Carolina, founded in 1986 from the merger of Jefferson Standard Insurance (founded 1907 by Charles W. Gold and Pleasant D. Gold, Jr., sons of Pleasant Daniel Gold) and Pilot Life Insurance (founded 1903). The two companies' association actually dated to 1945, when Jefferson Standard bought majority control of Pilot Life; Jefferson Standard had previously bailed Pilot out in the 1930s. The Pilot Life headquarters built in the 1920s and located at 5300 High Point Road, "a careful replication of the governor's mansion built in 1767 in New Bern," was nominated to the National Register of Historic Places in 2022, when Clachan Properties of Richmond, Virginia, was buying the property to develop apartments. The 1986 merger marked the retirement of the Pilot Life brand, most notably the end of its "Sail with the Pilot" jingles, which had been heavily associated with Atlantic Coast Conference college basketball and had been heard on television since 1958. The insurance operations would continue to be headquartered in what became the Lincoln Financial Building.
Lincoln Financial also acquired Jefferson-Pilot's television and radio operations, which were renamed Lincoln Financial Media. Jefferson Standard Insurance put WBTV in Charlotte on the air on Channel 3 in 1949. At the time, Jefferson Standard Insurance also had a 16.5% interest in the Greensboro News Company, licensee of WFMY, which signed on from Greensboro two months after WBTV. Jefferson Standard had purchased WBT radio from CBS in 1945. Jefferson Standard Broadcasting Co. was a subsidiary of Jefferson-Pilot Corp. when in 1970 the media interests were folded into a new subsidiary, Jefferson-Pilot Communications, still owned by the insurance company. The broadcasting subsidiary acquired several other radio and television stations across the country, with WBTV serving as the company's flagship station. The group owned 18 radio stations in Miami, Florida; San Diego, California; Denver, Colorado; and Atlanta, Georgia. It also owned WBTV, the CBS affiliate in Charlotte; WCSC-TV, the CBS affiliate in Charleston, South Carolina and WWBT, the NBC affiliate in Richmond, Virginia. In June 2007, the company publicly announced it would explore a sale of this division, and hired Merrill Lynch to assess its strategic options. It was announced on November 12 that Raycom Media purchased the three TV stations, including its sports production division, which was the co-holder to football and basketball games in the Atlantic Coast Conference with Raycom and sole rightsholders to the Southeastern Conference until 2009, when ESPNPlus and CBS Sports acquired the rights. The Raycom Sports brand was merged with LFS as of January 1, 2008.
Though billed as a merger of equals, the merged company carries the LNC name, operates from the LNC offices, with current LNC stockholders holding 61% of the stock, and current LNC directors controlling the new board. The insurance division is based in Greensboro, North Carolina.
Liberty Life Acquisition
On January 19, 2018, Lincoln Financial Group announced that it entered into a definitive agreement to acquire Liberty Life Assurance Company of Boston from Liberty Mutual Insurance Group. Upon completion of the transaction, Lincoln Financial retained Liberty’s Group Benefits business and reinsured Liberty’s Individual Life and Annuity business to Protective Life Insurance Company.
Recent activity
Lincoln purchased Newton County Loan and Savings in order to restructure as a bank holding company and qualify for Troubled Asset Relief Program (TARP) funding.
In January 2009, Lincoln sold its Delaware Investments subsidiary to Macquarie Group. Delaware Investments was integrated into Macquarie's global asset management arm, Macquarie Funds Group effective January 5, 2010.
In December 2023, Lincoln sold its wealth management unit to Osaic for an undisclosed amount.
Operations
LNC divides operations into four business segments: annuities, life insurance, retirement plan services, and group protection.
The principal Lincoln subsidiaries are:
Lincoln National Life Insurance Company
Lincoln Life & Annuity Company of New York
First Penn-Pacific Life Insurance Company
Lincoln Financial Distributors
Lincoln Financial Advisors
Lincoln Financial Securities
On December 31, 2016, LNC had consolidated assets under management of $262 billion and consolidated shareholders’ equity of $14.5 billion.
Insurance patent
Lincoln National is the owner of U.S. patent 7,089,201, “Method and apparatus for providing retirement income benefits”. This patent covers methods for administering variable annuities. Lincoln's commercial products that are covered by this patent include their i4LIFE Advantage and 4LaterSM Advantage annuities.
In September 2006, Lincoln filed a patent infringement lawsuit against Transamerica Life Insurance Company for allegedly infringing its insurance patent. A similar lawsuit was filed against Jackson National Life in October 2007.
On Feb. 19, 2009, a jury found the Lincoln patent valid and infringed by Transamerica et al. Damages were assessed at the "reasonable royalty rate" and Transamerica et al. were ordered to pay Lincoln $13 million, or 0.11% of the over $12 billion in assets they had under management by virtue of infringing the patent. This verdict was later overturned by the Court of Appeals for the Federal Circuit, finding Transamerica did not infringe Lincoln's patent.
Affiliations
Lincoln Financial Group is the grand sponsor of the National Forensic League and its National Speech and Debate Tournament.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | LNC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 3.45Y avg ≈2.0 | ≈2.0 | 15.6 | Undervalued | |
| P/S (TTM) | 0.45Y avg ≈0.4 | ≈0.4 | 0.8 | Undervalued | |
| P/B (MRQ) | 0.75Y avg ≈0.8 | ≈0.8 | 1.9 | Undervalued | |
| Price / Cash Flow | -46.85Y avg ≈-13.6 | ≈-13.6 | · | · | |
| Price / Tangible Book | 0.85Y avg ≈0.9 | ≈0.9 | · | · | |
| PEG Ratio | ≈0.2 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | LNC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Pretax Margin (TTM) | 14.7%5Y avg ≈1.1% | ≈1.1% | 9.0% | Top tier | |
| Net Profit Margin (TTM) | 12.2%5Y avg ≈1.5% | ≈1.5% | 10.1% | Top tier | |
| ROA (TTM) | 0.57%5Y avg ≈0.07% | ≈0.07% | 0.36% | Weak | |
| ROE (TTM) | 22.6%5Y avg ≈-6.4% | ≈-6.4% | 10.3% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | LNC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.05Y avg ≈0.1 | ≈0.1 | 0.0 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | LNC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -1.2%5Y avg ≈6.3% | ≈6.3% | · | · | |
| Revenue CAGR 3Y | -1.1%5Y avg ≈-4.1% | ≈-4.1% | · | · | |
| Revenue CAGR 5Y | 0.87% | · | · | · | |
| EPS YoY | -68.3% | · | · | · | |
| Net Income YoY | -64.1% | · | · | · | |
| EPS CAGR 3Y | -9.2% | · | · | · | |
| EPS CAGR 5Y | 17.9% | · | · | · | |
| Net Income CAGR 3Y | -4.7% | · | · | · | |
| Net Income CAGR 5Y | 18.7% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | LNC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.0 | ≈0.0 | 0.1 | Weak | |
| Revenue / Employee | ≈$1.9M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jul 10, 2026 | $0.45 | USD | ≈4.5% |
| Apr 10, 2026 | $0.45 | USD | ≈5.3% |
| Jan 12, 2026 | $0.45 | USD | ≈4.3% |
| Oct 10, 2025 | $0.45 | USD | ≈4.7% |
| Jul 10, 2025 | $0.45 | USD | ≈5.3% |
| Apr 10, 2025 | $0.45 | USD | ≈6.0% |
| Jan 10, 2025 | $0.45 | USD | ≈6.0% |
| Oct 10, 2024 | $0.45 | USD | ≈5.7% |
| Jul 10, 2024 | $0.45 | USD | ≈5.7% |
| Apr 9, 2024 | $0.45 | USD | ≈6.0% |
| Jan 9, 2024 | $0.45 | USD | ≈6.5% |
| Oct 6, 2023 | $0.45 | USD | ≈7.8% |
| Jul 7, 2023 | $0.45 | USD | ≈6.9% |
| Apr 6, 2023 | $0.45 | USD | ≈8.8% |
| Jan 9, 2023 | $0.45 | USD | ≈5.9% |
| Oct 6, 2022 | $0.45 | USD | ≈3.8% |
| Jul 8, 2022 | $0.45 | USD | ≈3.7% |
| Apr 8, 2022 | $0.45 | USD | ≈2.7% |
| Jan 7, 2022 | $0.45 | USD | ≈2.3% |
| Oct 7, 2021 | $0.42 | USD | ≈2.3% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $2.24 | $1.98 | 13.2% |
| March 31, 2026 | $1.66 | $1.59 | 4.1% | |
| Dec. 31, 2025 | $2.21 | $1.92 | 15.2% | |
| Sept. 30, 2025 | $2.04 | $1.88 | 8.7% | |
| June 30, 2025 | $2.36 | $1.91 | 23.7% | |
| March 31, 2025 | $1.60 | $1.55 | 3.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.21B | $18.44B | $11.64B | $18.81B | $17.71B | $17.44B | $17.26B | $16.42B | $14.26B | $13.33B | $13.57B | $13.55B | |
| SG&A Expense | $2.65B | $2.74B | $2.54B | $2.41B | $2.25B | $2.07B | $2.21B | $1.95B | $1.77B | $1.69B | $1.70B | $1.64B | |
| Pretax Income | $1.34B | $4.02B | $-1.15B | $1.73B | $4.64B | $423M | $919M | $1.89B | $1.13B | $1.46B | $1.43B | $2.00B | |
| Income Tax | $161M | $747M | $-396M | $367M | $865M | $-76M | $33M | $244M | $-949M | $266M | $276M | $483M | |
| Net Income | $1.18B | $3.27B | $-752M | $1.36B | $3.78B | $499M | $886M | $1.64B | $2.08B | $1.19B | $1.15B | $1.51B | |
| EPS (Basic) | $5.94 | $18.66 | $-4.92 | $7.93 | $20.17 | $2.58 | $4.41 | $7.60 | $9.36 | $5.09 | $4.60 | $5.81 | |
| EPS (Diluted) | $5.83 | $18.41 | $-4.92 | $7.78 | $19.96 | $2.56 | $4.38 | $7.40 | $9.22 | $5.03 | $4.51 | $5.67 | |
| Shares (Basic) | 182,674,725 | 170,597,104 | 169,562,903 | 171,034,695 | 187,359,884 | 193,610,225 | 200,608,737 | 215,936,448 | 222,128,687 | 234,181,717 | 250,629,243 | 260,877,533 | |
| Shares (Diluted) | 186,062,087 | 173,080,425 | 170,738,655 | 172,700,155 | 189,637,612 | 194,465,180 | 202,105,134 | 219,552,106 | 226,220,980 | 236,830,287 | 254,938,112 | 267,963,995 |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | · | · | $1.63B | $2.72B | $3.15B | $3.92B | |
| Goodwill | $1.14B | $1.14B | $1.14B | $1.14B | $1.78B | $1.78B | $1.78B | $1.78B | $1.37B | $2.27B | $2.27B | $2.27B | |
| Total Assets | $417.20B | $390.83B | $372.41B | $334.33B | $386.94B | $365.95B | $334.76B | $298.15B | $281.76B | $261.63B | $251.91B | $253.38B | |
| Short-term Debt | $400M | $300M | $250M | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $406.30B | $382.56B | $365.52B | $329.23B | $366.19B | $343.25B | $315.07B | $283.80B | $264.44B | $247.15B | $238.29B | $237.64B | |
| Long-term Debt | $5.87B | $5.86B | $5.70B | $6.33B | $6.33B | $6.33B | $6.13B | $5.69B | $5.12B | $5.12B | $5.32B | $5.27B | |
| Total Debt | $400M | $300M | $250M | $500M | $300M | · | $300M | · | $450M | · | · | · | |
| Retained Earnings | $8.39B | $7.64B | $4.78B | $5.92B | $9.58B | $8.69B | $8.85B | $8.55B | $8.40B | $7.04B | $6.47B | $6.02B | |
| AOCI | $-4.06B | $-5.04B | $-3.48B | $-6.35B | $6.44B | $8.93B | $5.67B | $407M | $3.23B | $1.57B | $845M | $3.10B | |
| Stockholders' Equity | $10.91B | $8.27B | $6.89B | $5.10B | $19.91B | $22.70B | $19.69B | $14.35B | $17.32B | $14.48B | $13.62B | $15.74B | |
| Liabilities + Equity | $417.20B | $390.83B | $372.41B | $334.33B | $386.94B | $365.95B | $334.76B | $298.15B | $281.76B | $261.63B | $251.91B | $253.38B | |
| Shares Outstanding | 190,051,477 | 170,380,646 | 169,666,137 | 169,220,511 | 177,193,515 | 192,329,691 | 196,668,532 | 205,862,760 | 218,090,114 | 226,335,105 | 243,835,893 | 256,551,440 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $-167M | $-2.01B | $-2.07B | $3.61B | $-217M | $534M | $-2.69B | $1.94B | $788M | $1.27B | $2.24B | $2.53B | |
| Investing Cash Flow | $-4.01B | $821M | $-3.33B | $-11.65B | $-3.58B | $-9.48B | $-5.50B | $-5.82B | $-4.19B | $-3.67B | $-4.22B | $-1.80B | |
| Debt Issued | $495M | $346M | $0 | $296M | $0 | $1.29B | $744M | $1.09B | · | $395M | $298M | · | |
| Net Debt Issued | $195M | $246M | $-500M | $-4M | · | $193M | $436M | $557M | · | $-205M | $48M | $-500M | |
| Stock Issued | $825M | $0 | $0 | · | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | $0 | $0 | $550M | $1.10B | $275M | $550M | $900M | $725M | $879M | $900M | $650M | |
| Net Stock Activity | $825M | $0 | $0 | $-550M | $-1.10B | $-275M | $-550M | $-900M | $-725M | $-879M | $-900M | $-650M | |
| Dividends Paid | $325M | $307M | $305M | $310M | $319M | $311M | $303M | $289M | $262M | $238M | $204M | $170M | |
| Financing Cash Flow | $7.88B | $3.62B | $5.43B | $8.77B | $4.71B | $8.09B | $8.40B | $4.59B | $2.31B | $1.97B | $1.21B | $834M | |
| Net Change in Cash | $3.70B | $2.44B | $22M | $731M | $904M | · | · | · | $-1.09B | $-424M | $-773M | $1.55B | |
| Taxes Paid | $84M | $0 | $0 | $-54M | $1M | $22M | $260M | $90M | $170M | $197M | $215M | $254M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 6.5% | 17.8% | -6.5% | -11.9% | 7.3% | 2.9% | 5.1% | 10.0% | 14.6% | 8.9% | 8.5% | 11.2% | |
| Pretax Margin | 7.3% | 21.8% | -9.9% | -15.1% | 8.5% | 2.4% | 5.3% | 11.5% | 7.9% | 10.9% | 10.5% | 14.7% | |
| ROA | 0.29% | 0.86% | -0.21% | -0.68% | 0.37% | 0.14% | 0.28% | 0.57% | 0.77% | 0.46% | 0.46% | 0.62% | |
| ROE | 12.3% | 37.9% | -14.9% | -61.0% | 6.8% | 2.3% | 4.5% | 11.2% | 12.4% | 7.7% | 8.2% | 9.7% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | · | 0.0 | · | 0.0 | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $57.38 | $48.53 | $40.63 | $27.00 | $114.41 | $118.02 | $100.11 | $69.71 | $79.43 | $63.97 | $55.84 | $61.35 | |
| Revenue / Share | $97.88 | $106.55 | $68.20 | $108.66 | $101.69 | $89.68 | $85.39 | $74.81 | $63.02 | $56.28 | $53.24 | $50.58 | |
| Cash Flow / Share | $-0.90 | $-11.60 | $-12.15 | $23.37 | $0.80 | $2.75 | $-13.29 | $8.85 | $3.48 | $5.37 | $8.80 | $9.43 | |
| Cash / Share | · | · | · | · | · | · | · | · | $7.46 | $12.03 | $12.90 | $15.28 | |
| Dividend / Share | $1.80 | $1.80 | $1.80 | $1.80 | $1.71 | $1.62 | $1.51 | $1.36 | $1.20 | $1.04 | $0.85 | $0.68 | |
| EPS (TTM) | $5.83 | $18.41 | $-4.92 | $7.78 | $19.96 | $2.56 | $4.38 | $7.40 | $9.22 | $5.03 | $4.51 | $5.67 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -1.2% | 58.4% | -38.1% | 6.2% | 1.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -1.1% | 1.4% | -12.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 0.87% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -68.3% | · | · | -61.0% | 679.7% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -9.2% | -2.7% | · | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 17.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -64.1% | · | · | -64.1% | 657.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -4.7% | -4.7% | · | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 18.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 0.88% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $18.21B | $18.44B | $11.64B | $18.81B | $17.71B | $17.44B | $17.26B | $16.42B | $14.26B | $13.33B | $13.57B | $13.55B | |
| Net Income TTM | $1.18B | $3.27B | $-752M | $1.36B | $3.78B | $499M | $886M | $1.64B | $2.08B | $1.19B | $1.15B | $1.51B | |
| Market Cap | $8.46B | $5.40B | $4.58B | $5.20B | $12.10B | $9.68B | $11.61B | $10.56B | $16.76B | $15.00B | $12.26B | $14.80B | |
| Enterprise Value | · | · | · | · | · | · | · | · | $15.59B | · | · | · | |
| P/E | 7.6 | 1.7 | -5.5 | 3.9 | 3.4 | 19.7 | 13.5 | 6.9 | 8.3 | 13.2 | 11.1 | 10.2 | |
| P/S | 0.5 | 0.3 | 0.4 | 0.3 | 0.7 | 0.6 | 0.7 | 0.6 | 1.2 | 1.1 | 0.9 | 1.1 | |
| P/B | 0.8 | 0.7 | 0.7 | 1.1 | 0.6 | 0.4 | 0.6 | 0.7 | 1.0 | 1.0 | 0.9 | 0.9 | |
| P / Tangible Book | 0.9 | 0.8 | 0.8 | 1.3 | 0.7 | 0.5 | · | · | · | · | · | · | |
| P / Cash Flow | -50.7 | -2.7 | -2.2 | 1.3 | 80.1 | 18.1 | -4.3 | 5.4 | 21.3 | 11.8 | 5.5 | 5.9 | |
| EV / Revenue | · | · | · | · | · | · | · | · | 1.1 | · | · | · | |
| Dividend Yield | 3.8% | 5.7% | 6.7% | 6.0% | 2.6% | 3.2% | 2.6% | 2.7% | 1.6% | 1.6% | 1.7% | 1.1% | |
| Earnings Yield | 13.1% | 58.1% | -18.2% | 25.3% | 29.2% | 5.1% | 7.4% | 14.4% | 12.0% | 7.6% | 9.0% | 9.8% | |
| Payout Ratio | 27.6% | 9.4% | -40.6% | -13.8% | 22.7% | 62.3% | 34.2% | 17.6% | 12.6% | 20.0% | 17.7% | 11.2% | |
| Annual Payout | $325M | $307M | $305M | $310M | $319M | $311M | $303M | $289M | $262M | $238M | $204M | $170M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.54B | $5.31B | $4.92B | $4.55B | $4.04B | $4.69B | $5.06B | $4.11B | $5.15B | $4.12B | $4.20B | $2.93B | $3.81B | $3.84B | $4.67B | $5.58B | |
| Pretax Income | $1.64B | $-246M | $915M | $524M | $848M | $-949M | $2.10B | $-703M | $1.10B | $1.53B | $1.03B | $602M | $-1.17B | $984M | $-2.13B | $1.03B | |
| Income Tax | $311M | $-74M | $160M | $79M | $149M | $-227M | $415M | $-175M | $201M | $306M | $181M | $91M | $-289M | $172M | $-350M | $192M | |
| Net Income | $1.33B | $-172M | $755M | $445M | $699M | $-722M | $1.69B | $-528M | $895M | $1.22B | $853M | $511M | $-881M | $812M | $-1.78B | $840M | |
| EPS (Basic) | $6.85 | $-1.08 | $4.32 | $2.15 | $3.88 | $-4.41 | $9.79 | $-3.29 | $5.18 | $6.98 | $4.82 | $2.95 | $-5.35 | $4.98 | $-10.46 | $4.91 | |
| EPS (Diluted) | $6.72 | $-1.10 | $4.32 | $2.12 | $3.80 | $-4.41 | $9.66 | $-3.29 | $5.11 | $6.93 | $4.79 | $2.94 | $-5.37 | $5.03 | $-10.47 | $4.83 | |
| Shares (Basic) | 192,862,677 | 191,891,461 | · | 190,826,396 | 177,175,326 | 171,321,440 | · | 170,773,438 | 170,620,161 | 170,049,994 | 169,645,881 | 169,581,636 | 169,357,846 | · | 169,706,526 | 171,130,192 | |
| Shares (Diluted) | 196,418,594 | 196,496,544 | · | 194,304,105 | 180,602,665 | 174,087,020 | · | 172,848,870 | 172,892,566 | 171,834,746 | 170,890,502 | 170,497,507 | 170,485,160 | · | 171,095,360 | 172,706,993 |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Goodwill | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | $1.14B | $1.78B | |
| Total Assets | $429.80B | $406.16B | $417.20B | $415.27B | $399.06B | $382.90B | $390.83B | $396.84B | $384.53B | $383.38B | $338.41B | $348.61B | $343.14B | · | $324.68B | $335.77B | |
| Short-term Debt | $400M | $400M | · | $0 | $0 | $0 | · | $300M | $450M | $503M | · | · | · | · | · | · | |
| Total Liabilities | $418.45B | $395.95B | $406.30B | $404.82B | $389.52B | $374.70B | $382.56B | $387.83B | $376.58B | $375.83B | $335.21B | $342.79B | $336.41B | · | $322.47B | $326.58B | |
| Long-term Debt | $6.46B | $5.97B | $6.26B | $5.77B | $5.77B | $5.87B | · | $5.90B | $5.72B | $5.73B | · | · | · | · | · | · | |
| Total Debt | $400M | $400M | · | $0 | $0 | $0 | · | $300M | $450M | $503M | · | · | · | · | $6.46B | $6.50B | |
| Retained Earnings | $9.32B | $8.09B | $8.39B | $7.73B | $7.41B | $6.81B | $7.64B | $6.05B | $6.69B | $5.89B | $6.10B | $5.36B | $4.94B | · | $6.31B | $8.98B | |
| AOCI | $-4.58B | $-4.47B | $-4.06B | $-3.84B | $-4.39B | $-4.31B | $-5.04B | $-2.68B | $-4.37B | $-3.95B | $-8.48B | $-5.10B | $-3.75B | · | $-8.63B | $-4.34B | |
| Stockholders' Equity | $11.35B | $10.21B | $10.91B | $10.45B | $9.55B | $8.19B | $8.27B | $9.01B | $7.95B | $7.55B | $3.20B | $5.82B | $6.73B | $5.10B | $2.22B | $9.19B | |
| Liabilities + Equity | $429.80B | $406.16B | $417.20B | $415.27B | $399.06B | $382.90B | $390.83B | $396.84B | $384.53B | $383.38B | $338.41B | $348.61B | $343.14B | · | $324.68B | $335.77B | |
| Shares Outstanding | 191,425,371 | 191,209,768 | 190,051,477 | 189,920,627 | 189,570,904 | 170,695,166 | 170,380,646 | 170,341,467 | 170,188,487 | 170,016,887 | 169,658,271 | 169,630,880 | 169,537,759 | 169,220,511 | 169,214,493 | 170,224,116 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $-558M | $138M | $233M | $-1.14B | $1.01B | $-272M | $222M | $-27M | $-859M | $-1.34B | $46M | $522M | $-774M | $594M | $307M | $1.61B | |
| Investing Cash Flow | $2.58B | $-3.45B | $-3.91B | $2.21B | $-266M | $-2.05B | $-717M | $-702M | $601M | $1.64B | $-1.44B | $-857M | $-325M | $-1.78B | $-3.11B | $-4.61B | |
| Debt Issued | $494M | $250M | $495M | $0 | $0 | $0 | $0 | $0 | $-1M | $347M | $0 | $0 | $0 | $0 | $-1M | $0 | |
| Net Debt Issued | · | $100M | · | · | · | $-300M | · | · | · | $300M | · | · | · | · | · | · | |
| Stock Issued | · | · | $0 | $0 | · | · | $0 | $0 | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | $50M | $100M | |
| Dividends Paid | $86M | $86M | $86M | $86M | $76M | $77M | $77M | $77M | $76M | $77M | $76M | $76M | $77M | $76M | $77M | $78M | |
| Financing Cash Flow | $800M | $1.16B | $2.51B | $2.45B | $2.11B | $801M | $283M | $1.27B | $1.61B | $461M | $153M | $337M | $1.52B | $3.06B | $2.71B | $2.60B | |
| Net Change in Cash | $2.82B | $-2.16B | $-1.17B | $3.52B | $2.86B | $-1.52B | $-212M | $538M | $1.35B | $757M | $-1.24B | $2M | $423M | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 29.3% | -3.2% | · | 9.8% | 17.3% | -15.4% | · | -12.8% | 17.4% | 29.7% | 20.3% | 17.4% | -23.1% | · | -53.6% | 4.7% | |
| Pretax Margin | 36.2% | -4.6% | · | 11.5% | 21.0% | -20.2% | · | -17.1% | 21.3% | 37.1% | 24.6% | 20.5% | -30.7% | · | -65.4% | 5.3% | |
| ROA | 0.32% | -0.04% | · | 0.11% | 0.18% | -0.19% | · | -0.14% | 0.24% | 0.34% | 0.26% | 0.15% | -0.25% | · | -0.73% | 0.07% | |
| ROE | 12.8% | -1.9% | · | 4.6% | 8.0% | -9.2% | · | -8.6% | 13.0% | 17.1% | 31.5% | 6.8% | -8.2% | · | -22.0% | 1.5% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.1 | · | · | · | · | 2.9 | 0.7 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 2.9 | 0.7 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $59.29 | $53.41 | · | $55.03 | $50.37 | $48.00 | · | $52.91 | $46.71 | $44.38 | $18.86 | $34.30 | $39.71 | · | $13.10 | $53.98 | |
| Revenue / Share | $23.12 | $27.00 | · | $23.44 | $22.39 | $26.95 | · | $23.78 | $29.80 | $23.95 | $24.59 | $17.18 | $22.37 | · | $28.04 | $29.55 | |
| Cash Flow / Share | · | $0.70 | · | · | · | $-1.56 | · | · | · | $-7.82 | · | · | $-4.54 | · | · | · | |
| Dividend / Share | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | |
| EPS (TTM) | $12.06 | $9.14 | · | $11.17 | $5.76 | $7.07 | · | $1.47 | $9.55 | $7.38 | $7.39 | $-7.87 | $-5.98 | · | $16.53 | $28.67 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $19.32B | $18.83B | · | $18.35B | $17.91B | $19.02B | · | $14.08B | $14.17B | $11.95B | $14.79B | $15.26B | $17.90B | · | $18.06B | $18.62B | |
| Net Income TTM | $2.36B | $1.73B | · | $2.11B | $1.14B | $1.33B | · | $354M | $1.74B | $1.35B | $1.29B | $-1.33B | $-1.00B | · | $3.14B | $5.23B | |
| Market Cap | $6.77B | $6.79B | · | $7.66B | $6.56B | $6.13B | · | $5.37B | $5.29B | $5.43B | $4.19B | $4.37B | $3.81B | · | $7.43B | $7.96B | |
| P/E | 2.9 | 3.9 | · | 3.6 | 6.0 | 5.1 | · | 21.4 | 3.3 | 4.3 | 3.3 | -3.3 | -3.8 | · | 2.7 | 1.6 | |
| P/S | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.3 | · | 0.4 | 0.4 | 0.5 | 0.3 | 0.3 | 0.2 | · | 0.4 | 0.4 | |
| P/B | 0.6 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.6 | 0.7 | 0.7 | 1.3 | 0.8 | 0.6 | · | 3.4 | 0.9 | |
| P / Tangible Book | 0.7 | 0.7 | · | 0.8 | 0.8 | 0.9 | · | 0.7 | 0.8 | 0.8 | 2.0 | 0.9 | 0.7 | · | 6.9 | 1.1 | |
| P / Cash Flow | · | 49.2 | · | · | · | -22.5 | · | · | · | -4.0 | · | · | -4.9 | · | · | · | |
| Dividend Yield | 5.1% | 4.9% | · | 4.1% | 4.7% | 5.0% | · | 5.7% | 5.8% | 5.6% | 7.3% | 7.0% | 8.1% | · | 4.2% | 4.0% | |
| Earnings Yield | 34.1% | 25.8% | · | 27.7% | 16.7% | 19.7% | · | 4.7% | 30.7% | 23.1% | 29.9% | -30.6% | -26.6% | · | 37.6% | 61.3% | |
| Payout Ratio | · | -50.0% | · | · | · | -10.7% | · | · | · | 6.3% | · | · | -8.7% | · | · | · | |
| Annual Payout | $344M | $334M | · | $316M | $307M | $307M | · | $306M | $305M | $305M | $305M | $306M | $308M | · | $312M | $315M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|
| Revenue | $18.21B | $18.44B | $11.64B | $18.81B | · |
| Net Income | $1.18B | $3.27B | $-752M | $1.36B | · |
| Diluted EPS | $5.83 | $18.41 | $-4.92 | $7.78 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.1 | · |
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 694 filers · $6.6B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 87 (-13 vs prior Q) | 68 (-15 vs prior Q) | 247 (+17 vs prior Q) | 197 (-2 vs prior Q) | +8.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $879,073,987 | 19,741,163 | 13.42% | Shares |
| Bain Capital Prairie, LLC | $663,148,219 | 18,759,497 | 10.12% | Shares |
| BlackRock, Inc. | $656,165,383 | 18,561,962 | 10.02% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $368,601,732 | 10,427,206 | 5.63% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $303,042,371 | 8,571,956 | 4.63% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $295,067,935 | 8,347,042 | 4.50% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $226,610,797 | 6,373,067 | 3.46% | Shares |
| STATE STREET CORP | $215,857,776 | 6,106,302 | 3.29% | Shares |
| JENNISON ASSOCIATES LLC | $133,355,504 | 3,772,433 | 2.04% | Shares |
| MORGAN STANLEY | $128,398,139 | 3,632,194 | 1.96% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $112,927,787 | 3,193,783 | 1.72% | Shares |
| NORGES BANK | $80,982,396 | 2,290,874 | 1.24% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $77,539,377 | 2,193,476 | 1.18% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $75,599,617 | 2,138,603 | 1.15% | Shares |
| GOLDMAN SACHS GROUP INC | $74,488,860 | 2,107,181 | 1.14% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $67,954,012 | 1,922,320 | 1.04% | Shares |
| NORTHERN TRUST CORP | $67,045,199 | 1,896,611 | 1.02% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $66,095,133 | 1,869,735 | 1.01% | Shares |
| Bank of New York Mellon Corp | $63,111,576 | 1,785,335 | 0.96% | Shares |
| Invesco Ltd. | $56,594,040 | 1,600,963 | 0.86% | Shares |
| BANK OF AMERICA CORP /DE/ | $56,305,973 | 1,592,814 | 0.86% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $52,706,002 | 1,490,976 | 0.80% | Shares |
| HSBC HOLDINGS PLC | $52,700,319 | 1,492,506 | 0.80% | Shares |
| FIRST TRUST ADVISORS LP | $50,971,663 | 1,441,914 | 0.78% | Shares |
| AMERICAN CENTURY COMPANIES INC | $50,407,651 | 1,425,959 | 0.77% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $49,822,689 | 1,409,411 | 0.76% | Shares |
| Balyasny Asset Management L.P. | $48,924,117 | 1,383,992 | 0.75% | Shares |
| D. E. Shaw & Co., Inc. | $45,628,543 | 1,290,765 | 0.70% | Shares |
| ALGEBRIS (UK) LTD | $44,811,438 | 1,271,655 | 0.68% | Shares |
| UBS Group AG | $42,126,207 | 1,191,689 | 0.64% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $38,611,002 | 1,092,249 | 0.59% | Shares |
| CITADEL ADVISORS LLC | $34,249,130 | 968,858 | 0.52% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $32,041,240 | 906,400 | 0.49% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $30,326,765 | 857,900 | 0.46% | Call option |
| WELLS FARGO & COMPANY/MN | $28,889,266 | 817,235 | 0.44% | Shares |
| Allspring Global Investments Holdings, LLC | $27,727,035 | 765,306 | 0.42% | Shares |
| Caisse de depot et placement du Quebec | $26,148,112 | 739,692 | 0.40% | Shares |
| Quantinno Capital Management LP | $25,915,183 | 733,102 | 0.40% | Shares |
| Jain Global LLC | $25,282,355 | 715,201 | 0.39% | Shares |
| Gotham Asset Management, LLC | $25,017,513 | 707,709 | 0.38% | Shares |
| TWO SIGMA INVESTMENTS, LP | $24,731,708 | 699,624 | 0.38% | Shares |
| Hudson Bay Capital Management LP | $24,533,395 | 694,014 | 0.37% | Shares |
| JANE STREET GROUP, LLC | $23,433,515 | 662,900 | 0.36% | Shares |
| Advisors Capital Management, LLC | $21,914,177 | 619,920 | 0.33% | Shares |
| AMERIPRISE FINANCIAL INC | $21,877,705 | 618,888 | 0.33% | Shares |
| Cander Asset Management LP | $21,833,539 | 617,639 | 0.33% | Shares |
| Interval Partners, LP | $21,507,682 | 608,421 | 0.33% | Shares |
| Miller Value Partners, LLC | $21,321,706 | 603,160 | 0.33% | Shares |
| Public Sector Pension Investment Board | $20,669,039 | 584,697 | 0.32% | Shares |
| SEI INVESTMENTS CO | $19,824,619 | 560,828 | 0.30% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Bain Capital Prairie, LLC ×2 filings | Aug. 12, 2026 | 9.80% | Amendment | · | SEC |
| Lincoln National Corporation, The Lincoln National Life Insurance Company, Lincoln Financial Investments Corporation ×3 filings | May 18, 2026 | 65.58% | Amendment | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 77 insiders · 49 officers · 28 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Ellen Cooper | Chairman, President & CEO | Feb. 19, 2026 A | 768,244 | 0 | 0 | $0 |
| Jon A Boscia | Chairman & CEO | April 27, 2007 A | 67,835 | 0 | 0 | $0 |
| John Gotta | EVP & CEO-LNL | March 9, 2006 F | 92,353 | 0 | 0 | $0 |
| Adam M Cohen | Interim CFO & CAO | Aug. 24, 2026 A | 71,375 | 0 | 0 | $0 |
| Randal J Freitag | EVP & CFO | Feb. 27, 2022 F | 288,331 | 0 | 0 | $0 |
| Richard C Vaughan | EVP & Chief Financial Officer | March 31, 2004 A | 47,502 | 0 | 0 | $0 |
| Wilford H. Fuller | President - LFGD | Feb. 21, 2021 F | 219,850 | 0 | 0 | $0 |
| Mark E Konen | President - Ins. Sol. and Ann. | Feb. 24, 2017 F | 112,439 | 0 | 0 | $0 |
| Charles C Cornello | President - Ret. Plan Svs. | Feb. 25, 2015 F | 99,033 | 0 | 0 | $0 |
| Patrick P Coyne | President-Del. Inv. | Aug. 3, 2009 F | 17,512 | 0 | 0 | $0 |
| Williams Michael Tallett | President-LNUK | Aug. 3, 2009 F | 29,302 | 0 | 0 | $0 |
| Terrence James Mullen | President-LFD | Sept. 8, 2008 S | 26,811 | 0 | 0 | $0 |
| Westley V Thompson | President-Employer Markets | Aug. 6, 2008 M | 113,363 | 0 | 0 | $0 |
| Jude T Driscoll | President-Del. Inv. | June 30, 2006 I | 19,912 | 0 | 0 | $0 |
| Theresa M Stone | President-Lincoln Fin'l Media | April 3, 2006 A | 15,325 | 0 | 0 | $0 |
| Warren H May | President-LFD | April 3, 2006 A | 6,251 | 0 | 0 | $0 |
| Curtis W. Chesney | EVP, President of Annuities | Aug. 17, 2026 G | 21,984 | 0 | 0 | $0 |
| Sean Woodroffe | EVP, Ch Ppl Comms Ent Srvc Off | Aug. 17, 2026 S | 119,947 | 0 | 4 | $-1,973,350 |
| Craigt T Beazer | EVP & General Counsel | June 5, 2026 S | 103,906 | 0 | 1 | $-1,033,500 |
| Andrew Rallis | EVP, Chief Risk Officer | June 1, 2026 F | 162,530 | 0 | 0 | $0 |
| John Christopher Kennedy | EVP, Chief Dist. & Brand Off | May 24, 2026 F | 125,557 | 0 | 1 | $-155,364 |
| Jennifer Charters | EVP, Chief Information Officer | March 13, 2026 P | 37,796 | 1 | 0 | $9,783 |
| Nilanjan Adhya | EVP Chf AI Data Analytics Off | Feb. 19, 2026 A | 19,951 | 0 | 0 | $0 |
| John G Morriss | EVP, Chief Investment Officer | Feb. 19, 2026 A | 27,614 | 0 | 0 | $0 |
| Brian Kroll | EVP, Head of Life & Annuities | Feb. 19, 2026 A | 70,536 | 0 | 0 | $0 |
| James Waltman Reid | EVP, Pres. Workplace Solutions | Feb. 19, 2026 A | 177,838 | 0 | 1 | $-127,520 |
| Jayson R Bronchetti | EVP, Chief Investment Officer | May 26, 2025 F | 77,220 | 0 | 0 | $0 |
| Kenneth S. Solon | EVP & Chief Information Ofc. | May 7, 2024 F | 149,624 | 0 | 0 | $0 |
| Matthew Grove | EVP, Pres. Retail Solutions | Feb. 21, 2024 A | 138,793 | 0 | 0 | $0 |
| Jennifer Warne Krow | EVP, Chief People Officer | Feb. 19, 2023 F | 30,400 | 0 | 0 | $0 |
| Jamie Ohl | EVP, President Wrkplc Sols | Feb. 27, 2022 F | 65,706 | 0 | 0 | $0 |
| Christine A Janofsky | CAO | Aug. 17, 2021 A | 13,058 | 0 | 0 | $0 |
| Lisa Buckingham | EVP, Ch Pple Place Brand Off | Feb. 21, 2021 F | 85,928 | 0 | 0 | $0 |
| Leon E Roday | EVP & General Counsel | Dec. 4, 2020 S | 0 | 0 | 0 | $0 |
| Richard L. Mucci | EVP, President GP | Feb. 27, 2019 A | 37,164 | 0 | 0 | $0 |
| Raj Chakraborty | EVP & Chief Digital Officer | Feb. 21, 2018 A | 29,751 | 0 | 0 | $0 |
| Kirkland L Hicks | EVP & General Counsel | Feb. 21, 2018 A | 42,102 | 0 | 0 | $0 |
| Douglas N Miller | SVP & CAO | March 14, 2016 S | 10,960 | 0 | 0 | $0 |
| Adam Grey Ciongoli | EVP & General Counsel | June 2, 2015 M | 98,889 | 0 | 0 | $0 |
| Robert W Dineen | Vice Chair.-LFN | Feb. 22, 2013 F | 143,809 | 0 | 0 | $0 |
| Frederick John Crawford | EVP & Head Corp Dev & Inv | May 2, 2011 S | 121,602 | 0 | 0 | $0 |
| Nicole S Jones | SVP & General Counsel | Feb. 23, 2011 A | 35,436 | 0 | 0 | $0 |
| Heather Case Dzielak | CMO-SVP, Marketing | Aug. 2, 2010 F | 13,163 | 0 | 0 | $0 |
| Dennis L Schoff | SVP & General Counsel | Aug. 3, 2009 F | 77,198 | 0 | 0 | $0 |
| Elizabeth Laws Reeves | SVP & CHRO | March 10, 2008 F | 36,534 | 0 | 0 | $0 |
| Barbara S Kowalczyk | SVP CP&D | June 22, 2007 A | 101,287 | 0 | 0 | $0 |
| Jason Glazier | SVP & CTO | Feb. 22, 2006 M | 4,394 | 0 | 0 | $0 |
| George E Davis | SVP Human Resources | March 31, 2004 A | 40,398 | 0 | 0 | $0 |
| Casey J Trumble | SVP & Chief Accounting Officer | March 11, 2004 A | 847 | 0 | 0 | $0 |
| Dale Lefebvre | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Reginald E Davis | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Owen Ryan | Director | Sept. 30, 2026 A | 12,000 | 1 | 0 | $84,340 |
| James T Morris | Director | Sept. 30, 2026 A | 0 | 0 | 0 | $0 |
| Deirdre P Connelly | Director | Sept. 30, 2026 A | 4,000 | 0 | 0 | $0 |
| Eric G Johnson | Director | Sept. 30, 2026 A | 6,601 | 0 | 0 | $0 |
| William H Cunningham DR | Director | Sept. 30, 2026 A | 8,738 | 0 | 0 | $0 |
| Leanne M Lachman | Director | Sept. 30, 2026 A | 3,000 | 0 | 0 | $0 |
| Gary C Kelly | Director | Sept. 30, 2026 A | 0 | 0 | 1 | $-397,686 |
| Lynn M Utter | Director | March 31, 2025 A | · | 0 | 0 | $0 |
| Janet Liang | Director | Dec. 31, 2024 A | · | 0 | 0 | $0 |
| MEE MICHAEL F | Director | June 30, 2024 A | 837 | 0 | 0 | $0 |
| Patrick S Pittard | Director | March 31, 2023 A | 13,115 | 0 | 0 | $0 |
| Dennis R Glass | Director | March 31, 2023 A | 558,622 | 0 | 0 | $0 |
| George W Henderson III | Director | Dec. 31, 2021 A | 30,159 | 0 | 0 | $0 |
| Isaiah Tidwell | Director | June 28, 2019 A | 1,752 | 0 | 0 | $0 |
| PAYNE WILLIAM PORTER | Director | March 31, 2017 A | 22,508 | 0 | 0 | $0 |
| William J Avery | Director | Dec. 31, 2015 A | 4,577 | 0 | 0 | $0 |
| David A Stonecipher | Director | March 31, 2011 A | 49,844 | 0 | 0 | $0 |
| Patrick J Barrett | Director | May 12, 2009 M | 75,375 | 0 | 0 | $0 |
| Jill S Ruckelshaus | Director | May 10, 2007 M | 19,447 | 0 | 0 | $0 |
| Glenn F Tilton | Director | March 20, 2007 M | 9,668 | 0 | 0 | $0 |
| Ron J Ponder | Director | April 3, 2006 M | 8,193 | 0 | 0 | $0 |
| Jenne K Britell | Director | April 3, 2006 M | 7,427 | 0 | 0 | $0 |
| Marcia J Avedon | Director | March 31, 2006 A | 1,376 | 0 | 0 | $0 |
| Thomas D Bell JR | Director | May 12, 2005 M | 12,689 | 0 | 0 | $0 |
| Christopher M Neczypor | · | Aug. 9, 2026 F | 194,705 | 0 | 0 | $0 |
| John G Drosdick | · | May 12, 2005 M | 9,472 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 86 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FXO · First Trust Exchange-Traded AlphaDE… | 2.03% | 502,931 NS | July 31, 2026 | N-PORT |
| XSVM · Invesco Exchange-Traded Fund Trust | 1.77% | 260,030 SH | Oct. 2, 2026 | Daily |
| VMAX · Lattice Strategies Trust | 1.70% | 18,292 NS | July 31, 2026 | N-PORT |
| PSCF · Invesco Exchange-Traded Fund Trust … | 1.61% | 11,114 SH | Oct. 2, 2026 | Daily |
| XSHQ · Invesco Exchange-Traded Fund Trust … | 1.50% | 108,810 SH | Oct. 2, 2026 | Daily |
| KBWD · Invesco Exchange-Traded Fund Trust … | 1.24% | 113,054 SH | Oct. 2, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 1.22% | 602,609 SH | Oct. 2, 2026 | Daily |
| VAMO · Cambria ETF Trust | 1.04% | 24,720 NS | July 31, 2026 | N-PORT |
| RZV · Invesco Exchange-Traded Fund Trust | 0.82% | 57,086 SH | Oct. 2, 2026 | Daily |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.73% | 36,663 NS | July 31, 2026 | N-PORT |
| PGF · Invesco Exchange-Traded Fund Trust | 0.71% | 167,273 | Oct. 2, 2026 | Daily |
| CVY · Invesco Exchange-Traded Fund Trust | 0.65% | 19,150 SH | Oct. 2, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.64% | 361,109 SH | Aug. 19, 2026 | Daily |
| DVY · iShares Trust | 0.53% | 2,877,045 SH | Sept. 11, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.50% | 900,001 NS | July 31, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.42% | 25,165 SH | Oct. 2, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.39% | 116,551 NS | July 31, 2026 | N-PORT |
| PGX · Invesco Exchange-Traded Fund Trust … | 0.35% | 491,830 | Oct. 2, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.33% | 595,055 SH | Aug. 19, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.32% | 999,531 NS | July 31, 2026 | N-PORT |
| VRP · Invesco Exchange-Traded Fund Trust … | 0.31% | 9,995,000 | Oct. 2, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.30% | 412,000 | Oct. 2, 2026 | Daily |
| PFF · iShares Trust | 0.25% | 1,223,256 SH | Sept. 11, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.23% | 33,171 NS | July 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.22% | 8,106 NS | July 31, 2026 | N-PORT |
| SDVD · First Trust Exchange-Traded Fund IV | 0.20% | 40,858 NS | July 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.20% | 107,075 NS | July 31, 2026 | N-PORT |
| GSY · Invesco Actively Managed Exchange-T… | 0.19% | 7,383,000 | Oct. 2, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.18% | 617,789 NS | July 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 74,565 NS | July 31, 2026 | N-PORT |
| GTO · Invesco Actively Managed Exchange-T… | 0.16% | 5,128,000 | Oct. 2, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.14% | 25,994 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.14% | 2,784,424 SH | Aug. 19, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.13% | 30,238 SH | Aug. 19, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.12% | 3,710,000 | Oct. 2, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.11% | 4,039,000 | Oct. 1, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.08% | 4,385,954 SH | Aug. 19, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.08% | 40,682 NS | July 31, 2026 | N-PORT |
| IYF · iShares Trust | 0.08% | 77,653 SH | Sept. 11, 2026 | Daily |
| REVS · Columbia ETF Trust I | 0.08% | 5,608 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.07% | 34,602 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.07% | 1,953,165 SH | Aug. 19, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.07% | 278,825 SH | Aug. 19, 2026 | Daily |
| IWS · iShares Trust | 0.07% | 242,664 SH | Sept. 11, 2026 | Daily |
| WSML · iShares Trust | 0.07% | 10,259 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 12,099 SH | Oct. 2, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.06% | 29,596 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.05% | 6,541 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.04% | 29,787 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.04% | 96,372 SH | Oct. 2, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.04% | 49,509 NS | July 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.04% | 489,910 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.03% | 353,955 NS | July 31, 2026 | N-PORT |
| VYM · VANGUARD WHITEHALL FUNDS | 0.03% | 682,132 SH | Aug. 19, 2026 | Daily |
| SMMD · iShares Trust | 0.03% | 24,581 SH | Sept. 11, 2026 | Daily |
| DSI · iShares Trust | 0.02% | 26,149 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 103,702 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.02% | 378,370 SH | Sept. 11, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.02% | 63,143 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.02% | 44,666 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 53,485 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.01% | 124,762 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 6,063,633 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.01% | 28,785 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 14,396 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 38,858 SH | Aug. 19, 2026 | Daily |
| GTOS · Invesco Actively Managed Exchange-T… | 0.01% | 12,000 | Oct. 2, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 45,044 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.01% | 6,391 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 164,472 SH | Sept. 10, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 135,787 SH | Aug. 19, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| IJR · iShares Trust | · | 8,547,054 SH | Sept. 8, 2026 | Daily |
| IJS · iShares Trust | · | 1,458,914 SH | Aug. 31, 2026 | Daily |
| IAK · iShares Trust | · | 66,239 SH | Sept. 11, 2026 | Daily |
| XJR · iShares Trust | · | 13,163 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 7,481 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 30,320 SH | Sept. 11, 2026 | Daily |
LNC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
12 analysts · 2026-10-03Mean target $47.92 +17.1%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LNC | $8.46B | 7.6 | -1.2% | 6.5% | 12.3% | · |
| PFG | $19.18B | 16.8 | -3.1% | 7.6% | 10.3% | · |
| UNM | · | · | · | · | · | · |
| GL | $12.90B | 9.9 | 3.7% | 19.4% | 20.4% | · |
| OSCR | · | -8.5 | 27.5% | -3.8% | -44.5% | · |
| PRI | $8.22B | 11.3 | 6.6% | 22.8% | 31.9% | · |
| CNO | $4.01B | 18.5 | 0.85% | 5.1% | 8.9% | · |
| GNW | $3.54B | 16.7 | 0.08% | 3.0% | 2.6% | · |
| FG | $4.18B | 16.4 | -0.23% | 4.6% | 6.0% | · |
Latest News Recent headlines mentioning this company
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.