Robeco Institutional Asset Management B.V. Purchases 101,402 Shares of Lincoln National Co. (NYSE:LNC)

Robeco Institutional Asset Management B.V. grew its position in shares of Lincoln National Co. (NYSE:LNC) by 147.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 170,315 shares of the financial services provider’s stock after buying an additional 101,402 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Lincoln National were worth $5,367,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. OLD National Bancorp IN lifted its position in Lincoln National by 4.0% in the 3rd quarter. OLD National Bancorp IN now owns 8,415 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 325 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Lincoln National by 6.2% in the third quarter. Brookstone Capital Management now owns 6,808 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 397 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Lincoln National by 13.3% during the third quarter. Hexagon Capital Partners LLC now owns 3,502 shares of the financial services provider’s stock valued at $110,000 after buying an additional 411 shares during the last quarter. Fifth Third Bancorp grew its holdings in Lincoln National by 1.6% during the second quarter. Fifth Third Bancorp now owns 26,341 shares of the financial services provider’s stock worth $819,000 after buying an additional 420 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in Lincoln National by 4.4% in the 2nd quarter. Gateway Investment Advisers LLC now owns 10,018 shares of the financial services provider’s stock valued at $312,000 after buying an additional 426 shares during the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Stock Down 1.1 %

LNC stock opened at $34.86 on Friday. Lincoln National Co. has a fifty-two week low of $21.59 and a fifty-two week high of $36.98. The stock has a fifty day moving average of $31.92 and a 200-day moving average of $31.34. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 0.34 and a beta of 1.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.42. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. As a group, equities research analysts predict that Lincoln National Co. will post 6.31 earnings per share for the current year.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Thursday, October 10th. Lincoln National’s payout ratio is currently 128.57%.

Insider Activity

In related news, EVP John Christopher Kennedy sold 2,863 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $36.00, for a total transaction of $103,068.00. Following the sale, the executive vice president now owns 99,644 shares of the company’s stock, valued at approximately $3,587,184. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LNC. Morgan Stanley reduced their target price on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday. TD Cowen initiated coverage on shares of Lincoln National in a research report on Wednesday, October 9th. They set a “hold” rating and a $34.00 target price on the stock. Wells Fargo & Company upped their target price on Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Barclays lifted their price target on Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.00.

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.