LNC
Lincoln National Corporation Financial Services - Insurance - Life Investor Relations →
Lincoln National Corporation (LNC) closed at $33.81 as of 2026-03-20, trading 10.7% above its 200-week moving average of $30.55. The stock moved further from the line this week, up from 6.6% last week. With a 14-week RSI of 22, LNC is in oversold territory.
Trading volume is running at 1.8x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.20 ratio) is neutral — neither side is clearly dominating.
Over the past 2352 weeks of data, LNC has crossed below its 200-week moving average 39 times. On average, these episodes lasted 19 weeks. Historically, investors who bought LNC at the start of these episodes saw an average one-year return of +4.8%.
With a market cap of $6.4 billion, LNC is a mid-cap stock. The company generates a free cash flow yield of 43.5%, which is notably high. Return on equity stands at 12.3%. The stock trades at 0.7x book value.
Share count has increased 12.3% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in LNC would have grown to $484, compared to $2683 for the S&P 500. LNC has returned 4.9% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: LNC vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After LNC Crosses Below the Line?
Across 22 historical episodes, buying LNC when it crossed below its 200-week moving average produced an average return of -6.8% after 12 months (median -10.0%), compared to +2.8% for the S&P 500 over the same periods. 38% of those episodes were profitable after one year. After 24 months, the average return was +18.8% vs +25.6% for the index.
Each line shows $100 invested at the moment LNC crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
LNC has crossed below its 200-week MA 39 times with an average 1-year return of +4.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 1981 | Mar 1981 | 2 | 2.5% | +6.8% | +1241.3% |
| May 1981 | May 1981 | 1 | 0.5% | +6.9% | +1199.4% |
| Aug 1981 | Nov 1981 | 11 | 10.2% | -11.0% | +1207.6% |
| Dec 1981 | Dec 1981 | 1 | 1.0% | +14.4% | +1199.4% |
| Jan 1982 | Jan 1982 | 1 | 0.7% | +12.8% | +1195.3% |
| Feb 1982 | Feb 1982 | 1 | 3.0% | +24.8% | +1224.2% |
| Mar 1982 | Apr 1982 | 5 | 1.8% | +21.4% | +1207.6% |
| Jun 1982 | Oct 1982 | 17 | 14.5% | +28.2% | +1203.5% |
| Jan 1984 | Feb 1985 | 53 | 38.2% | +29.7% | +1524.2% |
| Feb 1985 | May 1985 | 12 | 9.1% | +48.2% | +1112.0% |
| Jun 1985 | Jul 1985 | 1 | 1.6% | +29.3% | +1127.5% |
| Aug 1985 | Aug 1985 | 1 | 0.7% | +36.6% | +1110.2% |
| Sep 1985 | Sep 1985 | 3 | 3.5% | +28.1% | +1143.9% |
| Oct 1987 | Jan 1988 | 10 | 8.7% | +30.8% | +1049.4% |
| May 1988 | May 1988 | 4 | 2.2% | +18.0% | +965.1% |
| Dec 1988 | Jan 1989 | 5 | 3.3% | +38.0% | +890.0% |
| Aug 1990 | Jan 1991 | 24 | 26.7% | +9.7% | +779.9% |
| Feb 2000 | May 2000 | 15 | 29.4% | +46.2% | +115.7% |
| Jun 2000 | Jul 2000 | 1 | 0.6% | +47.4% | +90.9% |
| Oct 2001 | Oct 2001 | 1 | 1.4% | -18.5% | +61.9% |
| Jun 2002 | Oct 2003 | 72 | 35.1% | -8.9% | +56.1% |
| Jan 2008 | Feb 2008 | 4 | 4.6% | -62.3% | +9.8% |
| Feb 2008 | May 2008 | 11 | 10.1% | -82.5% | +7.8% |
| Jun 2008 | Mar 2012 | 197 | 89.1% | -61.6% | +4.0% |
| Apr 2012 | Aug 2012 | 17 | 18.1% | +38.2% | +115.3% |
| Jan 2016 | Apr 2016 | 14 | 23.2% | +70.1% | +21.9% |
| May 2016 | May 2016 | 2 | 4.6% | +66.6% | +18.2% |
| Jun 2016 | Aug 2016 | 8 | 12.9% | +61.9% | +13.8% |
| Oct 2018 | Oct 2018 | 1 | 0.0% | +9.1% | -19.3% |
| Dec 2018 | Jan 2019 | 6 | 15.3% | +5.1% | -17.2% |
| Mar 2019 | Mar 2019 | 1 | 0.8% | -69.7% | -19.6% |
| Jul 2019 | Sep 2019 | 6 | 11.2% | -34.0% | -21.9% |
| Sep 2019 | Oct 2019 | 2 | 4.3% | -40.1% | -18.9% |
| Oct 2019 | Dec 2019 | 6 | 2.9% | -36.9% | -21.5% |
| Dec 2019 | Feb 2021 | 60 | 71.7% | -11.7% | -22.5% |
| May 2022 | May 2022 | 1 | 2.1% | -58.0% | -20.5% |
| Jun 2022 | Feb 2025 | 139 | 59.1% | -52.3% | -18.1% |
| Mar 2025 | Jun 2025 | 16 | 18.2% | +0.4% | -0.3% |
| Jul 2025 | Jul 2025 | 1 | 0.6% | N/A | +2.8% |
| Average | 19 | — | +4.8% | — |
Frequently Asked Questions
Is LNC below its 200-week moving average?
No. Lincoln National Corporation (LNC) is currently 10.7% above its 200-week moving average of $30.55. It would need to fall to $30.55 to cross below the line.
What is LNC's 200-week moving average price?
Lincoln National Corporation's 200-week moving average is $30.55 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when LNC drops below its 200-week moving average?
LNC has crossed below its 200-week moving average 39 times in our data. On average, buying at that moment produced a one-year return of +4.8%. These dips have historically been decent entry points. These episodes lasted 19 weeks on average.
Is LNC a good value right now?
Here's what our data says about LNC as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 22 (oversold). Free cash flow yield is 43.5%. Return on equity is 12.3%. Price-to-book is 0.7x. This is not a buy or sell recommendation — always do your own research.
How does LNC compare to the S&P 500?
Over the past 33.2 years, $100 invested in LNC would have grown to $484, compared to $2683 for the S&P 500. That's 4.9% annualized vs 10.4% for the index. LNC has underperformed the broader market over this period.
Does LNC pay a dividend?
Yes. Lincoln National Corporation currently pays a dividend yield of 532.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20