LNC
Lincoln National Corporation Financial Services - Insurance - Life Investor Relations →
Lincoln National Corporation (LNC) closed at $40.31 as of 2026-02-02, trading 30.4% above its 200-week moving average of $30.90. The stock is currently moving closer to the line, down from 34.4% last week. The 14-week RSI sits at 46, indicating neutral momentum.
Over the past 2346 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 +4.9%.
With a market cap of $7.7 billion, LNC is a mid-cap stock. The company generates a free cash flow yield of 241.6%, which is notably high. Return on equity stands at 21.7%, indicating strong profitability. The stock trades at 0.8x book value.
Over the past 33.2 years, a hypothetical investment of $100 in LNC would have grown to $578, compared to $2849 for the S&P 500. LNC has returned 5.4% annualized vs 10.6% 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.
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 -8.1% after 12 months (median -10.0%), compared to +2.0% for the S&P 500 over the same periods. 35% 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 +4.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 1981 | Mar 1981 | 2 | 2.5% | +6.8% | +1499.2% |
| May 1981 | May 1981 | 1 | 0.5% | +6.9% | +1449.2% |
| Aug 1981 | Nov 1981 | 11 | 10.2% | -11.0% | +1458.9% |
| Dec 1981 | Dec 1981 | 1 | 1.0% | +14.4% | +1449.2% |
| Jan 1982 | Jan 1982 | 1 | 0.7% | +12.8% | +1444.4% |
| Feb 1982 | Feb 1982 | 1 | 2.9% | +24.8% | +1478.8% |
| Mar 1982 | Apr 1982 | 5 | 1.8% | +21.4% | +1458.9% |
| Jun 1982 | Oct 1982 | 17 | 14.5% | +28.2% | +1454.0% |
| Jan 1984 | Feb 1985 | 53 | 38.2% | +29.7% | +1836.5% |
| Feb 1985 | May 1985 | 12 | 9.1% | +48.2% | +1345.0% |
| Jun 1985 | Jul 1985 | 1 | 1.6% | +29.3% | +1363.5% |
| Aug 1985 | Aug 1985 | 1 | 0.7% | +36.6% | +1342.9% |
| Sep 1985 | Sep 1985 | 3 | 3.5% | +28.1% | +1383.1% |
| Oct 1987 | Jan 1988 | 10 | 8.7% | +30.8% | +1270.4% |
| May 1988 | May 1988 | 4 | 2.2% | +18.0% | +1169.8% |
| Dec 1988 | Jan 1989 | 5 | 3.3% | +38.0% | +1080.3% |
| Aug 1990 | Jan 1991 | 24 | 26.7% | +9.7% | +949.1% |
| Feb 2000 | May 2000 | 15 | 29.4% | +46.2% | +157.2% |
| Jun 2000 | Jul 2000 | 1 | 0.6% | +47.4% | +127.6% |
| Oct 2001 | Oct 2001 | 1 | 1.4% | -18.5% | +93.1% |
| Jun 2002 | Oct 2003 | 72 | 35.1% | -8.9% | +86.1% |
| Jan 2008 | Feb 2008 | 4 | 4.6% | -62.3% | +30.9% |
| Feb 2008 | May 2008 | 11 | 10.1% | -82.5% | +28.6% |
| Jun 2008 | Mar 2012 | 197 | 89.1% | -61.6% | +23.9% |
| Apr 2012 | Aug 2012 | 17 | 18.1% | +38.2% | +156.7% |
| Jan 2016 | Apr 2016 | 14 | 23.2% | +70.1% | +45.4% |
| May 2016 | May 2016 | 2 | 4.6% | +66.6% | +40.9% |
| Jun 2016 | Aug 2016 | 8 | 12.9% | +61.9% | +35.6% |
| Oct 2018 | Oct 2018 | 1 | 0.0% | +9.1% | -3.8% |
| Dec 2018 | Jan 2019 | 6 | 15.3% | +5.1% | -1.3% |
| Mar 2019 | Mar 2019 | 1 | 0.8% | -69.7% | -4.2% |
| Jul 2019 | Sep 2019 | 6 | 11.2% | -34.0% | -6.8% |
| Sep 2019 | Oct 2019 | 2 | 4.3% | -40.1% | -3.3% |
| Oct 2019 | Dec 2019 | 6 | 2.9% | -36.9% | -6.5% |
| Dec 2019 | Feb 2021 | 60 | 71.7% | -11.7% | -7.6% |
| May 2022 | May 2022 | 1 | 2.1% | -58.0% | -5.2% |
| Jun 2022 | Feb 2025 | 139 | 59.1% | -52.3% | -2.3% |
| Mar 2025 | Jun 2025 | 16 | 18.2% | N/A | +18.9% |
| Jul 2025 | Jul 2025 | 1 | 0.6% | N/A | +22.5% |
| Average | 19 | — | +4.9% | — |
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 Friday close, 2026-02-02