Lincoln National Corporation $LNC Stock: Robeco Institutional Asset Management B.V. Increases Holdings

Robeco Institutional Asset Management B.V. increased its stake in shares of Lincoln National Corporation (NYSE:LNC) by 73.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 266,680 shares of the financial services provider’s stock after acquiring an additional 113,243 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Lincoln National were worth $10,737,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LNC. Wealthstar Advisors LLC bought a new stake in Lincoln National in the 1st quarter valued at $1,183,000. State Street Corp increased its holdings in shares of Lincoln National by 3.6% during the 2nd quarter. State Street Corp now owns 6,106,302 shares of the financial services provider’s stock worth $215,858,000 after purchasing an additional 215,007 shares during the period. Susquehanna Fundamental Investments LLC increased its holdings in shares of Lincoln National by 557.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 158,004 shares of the financial services provider’s stock worth $5,585,000 after purchasing an additional 133,973 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Lincoln National during the 2nd quarter worth about $63,112,000. Finally, Sei Investments Co. increased its holdings in shares of Lincoln National by 9.5% during the 1st quarter. Sei Investments Co. now owns 522,832 shares of the financial services provider’s stock worth $18,561,000 after purchasing an additional 45,549 shares during the period. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lincoln National

In related news, EVP Sean Woodroffe sold 11,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $45.28, for a total value of $498,080.00. Following the completion of the transaction, the executive vice president owned 119,947 shares of the company’s stock, valued at $5,431,200.16. This represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Kelly sold 15,007 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $26.50, for a total transaction of $397,685.50. The disclosure for this sale is available in the SEC filing. Insiders own 1.03% of the company’s stock.

Lincoln National Stock Down 3.0%

Shares of LNC stock opened at $39.86 on Friday. Lincoln National Corporation has a one year low of $32.18 and a one year high of $47.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a fifty day moving average price of $42.05 and a 200 day moving average price of $39.55. The stock has a market cap of $7.63 billion, a P/E ratio of 3.45, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.28. Lincoln National had a net margin of 12.21% and a return on equity of 17.35%. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the firm posted $2.36 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts predict that Lincoln National Corporation will post 7.94 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.80 dividend on an annualized basis and a yield of 4.5%. Lincoln National’s payout ratio is presently 15.60%.

Analysts Set New Price Targets

A number of brokerages have recently commented on LNC. TD Cowen upped their price objective on shares of Lincoln National from $37.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their target price on Lincoln National from $49.00 to $47.00 and set an “underweight” rating on the stock in a research report on Thursday, October 15th. UBS Group boosted their price target on Lincoln National from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, October 6th. Barclays boosted their price target on Lincoln National from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Finally, Mizuho cut their price target on Lincoln National from $53.00 to $49.00 and set an “outperform” rating for the company in a report on Wednesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lincoln National currently has a consensus rating of “Hold” and an average target price of $48.67.

Lincoln National Profile

Lincoln National Corporation, operating under the Lincoln Financial Group brand, is a financial services company that provides insurance and retirement products primarily in the United States. Its businesses are designed to help individuals, employers and institutions manage financial protection, income and long-term savings needs.

The company offers life insurance and annuities, including products intended to provide death-benefit protection, retirement income and asset accumulation. Through its group protection business, Lincoln also provides employer-sponsored disability, dental, vision and leave-management solutions, as well as related workplace benefits and services.

Lincoln traces its history to the founding of The Lincoln National Life Insurance Company in Fort Wayne, Indiana, in 1905.