Robeco Institutional Asset Management B.V. Has $5.54 Million Stake in Lincoln National Corporation (NYSE:LNC)

Robeco Institutional Asset Management B.V. lessened its position in shares of Lincoln National Corporation (NYSE:LNC - Free Report) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,365 shares of the financial services provider's stock after selling 14,079 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of Lincoln National worth $5,543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. M Holdings Securities Inc. bought a new position in shares of Lincoln National during the fourth quarter worth about $29,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Lincoln National in the fourth quarter valued at approximately $32,000. NBC Securities Inc. acquired a new position in Lincoln National during the first quarter worth $33,000. Headlands Technologies LLC bought a new position in Lincoln National in the fourth quarter valued at $35,000. Finally, SBI Securities Co. Ltd. bought a new stake in Lincoln National during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 72.81% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LNC shares. Piper Sandler dropped their target price on Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. UBS Group upped their price target on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company decreased their price objective on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Morgan Stanley upped their target price on shares of Lincoln National from $32.00 to $38.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Wall Street Zen cut Lincoln National from a "hold" rating to a "sell" rating in a report on Sunday, June 15th. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $37.00.

Insider Activity

In other news, EVP Sean Woodroffe sold 43,622 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the completion of the transaction, the executive vice president directly owned 154,102 shares in the company, valued at approximately $5,051,463.56. This represents a 22.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian Kroll sold 10,075 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $33.10, for a total value of $333,482.50. Following the sale, the executive vice president owned 48,743 shares in the company, valued at $1,613,393.30. This represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company's stock.

Lincoln National Stock Performance

LNC traded down $0.17 on Thursday, reaching $34.80. The company had a trading volume of 1,306,391 shares, compared to its average volume of 1,659,326. The stock has a market cap of $5.94 billion, a P/E ratio of 4.94, a P/E/G ratio of 0.46 and a beta of 1.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.25 and a current ratio of 0.25. Lincoln National Corporation has a fifty-two week low of $27.58 and a fifty-two week high of $39.85. The company's fifty day moving average is $33.29 and its 200 day moving average is $33.79.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.54 by $0.06. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.71 billion. Lincoln National had a return on equity of 18.71% and a net margin of 7.00%. The firm's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a $0.45 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.17%. Lincoln National's dividend payout ratio (DPR) is presently 25.57%.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.