Morgan Stanley has upgraded Lincoln National Corp (LNC) to Overweight from Equal-Weight, signaling a more optimistic outlook for the insurance and retirement services provider. This change, effective September 18, 2025, reflects improved analyst sentiment regarding the company's fundamentals and strategic direction.
Headquartered in Radnor, Pennsylvania, Lincoln National Corp operates multiple insurance and retirement businesses through its subsidiaries. The company employs nearly 9,800 full-time employees and serves clients through its segments, which include Annuities, Life Insurance, Group Protection, and Retirement Plan Services.
As of now, Lincoln National's stock is trading at $39.57, with a market capitalization of $7.8 billion. The company boasts a P/E ratio of 3.70 and an impressive dividend yield of 451.0%. Recent earnings reports have also shown positive surprises, with Q3 2025 EPS at $2.04, surpassing estimates of $1.88 by 8.7%.
Looking ahead, the company is scheduled to announce its next earnings on July 29, 2026, with analysts projecting an EPS of $2.18 and revenue of $5.1 billion. Analyst consensus currently stands at Hold, with 1 Strong Buy, 1 Buy, 12 Hold, 5 Sell, and 2 Strong Sell ratings.
Such decisions reflect the evolving landscape of investor sentiment towards Lincoln National as it navigates a competitive insurance market and aims to bolster its growth trajectory.