Robeco Institutional Asset Management B.V. Grows Stake in Lincoln National Corporation $LNC

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Lincoln National Corporation by 5.4%, now holding 162,643 shares valued at approximately $5.6 million.
• Lincoln National recently announced a $0.45 quarterly dividend payable on November 3rd, representing a 4.5% annual yield, with a payout ratio of 31.41%.
• The stock's recent performance shows a 2% decline, with a current valuation around $40.27 and significant movement in analyst ratings, with a consensus rating of "Hold."

Robeco Institutional Asset Management B.V. increased its position in shares of Lincoln National Corporation (NYSE:LNC - Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 162,643 shares of the financial services provider's stock after purchasing an additional 8,278 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.10% of Lincoln National worth $5,627,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of LNC. Hollencrest Capital Management increased its position in shares of Lincoln National by 383.2% in the first quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider's stock valued at $27,000 after buying an additional 594 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Lincoln National during the first quarter valued at approximately $33,000. Brooklyn Investment Group increased its stake in Lincoln National by 82.9% in the first quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 524 shares during the last quarter. CX Institutional lifted its holdings in shares of Lincoln National by 354.2% during the 2nd quarter. CX Institutional now owns 1,685 shares of the financial services provider's stock worth $58,000 after acquiring an additional 1,314 shares during the period. Finally, Rossby Financial LCC acquired a new position in Lincoln National in the first quarter valued at $66,000. Institutional investors and hedge funds own 72.81% of the company's stock.

Insider Buying and Selling at Lincoln National

In related news, EVP John Christopher Kennedy sold 5,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $39.29, for a total value of $196,450.00. Following the sale, the executive vice president owned 123,815 shares of the company's stock, valued at $4,864,691.35. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.51% of the stock is currently owned by company insiders.

Lincoln National Stock Down 2.0%

NYSE:LNC opened at $40.27 on Tuesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average of $40.48 and a 200-day moving average of $35.81. The firm has a market capitalization of $7.63 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 0.55 and a beta of 1.43. Lincoln National Corporation has a 52 week low of $27.58 and a 52 week high of $43.66.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.45. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.65 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.During the same quarter in the previous year, the firm posted $1.87 EPS. Analysts predict that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.5%. Lincoln National's dividend payout ratio is currently 31.41%.

Analyst Ratings Changes

LNC has been the subject of a number of research reports. National Bankshares set a $41.00 price target on shares of Lincoln National in a research report on Monday, August 18th. Wolfe Research upgraded shares of Lincoln National to a "strong sell" rating in a research note on Tuesday, September 16th. Weiss Ratings restated a "hold (c+)" rating on shares of Lincoln National in a research note on Saturday, September 27th. Morgan Stanley upgraded Lincoln National from an "equal weight" rating to an "overweight" rating in a research note on Friday, September 19th. Finally, Wall Street Zen upgraded Lincoln National from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Lincoln National presently has an average rating of "Hold" and a consensus price target of $39.45.

About Lincoln National

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.

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