Robeco Institutional Asset Management B.V. Cuts Stake in Lincoln National Co. (NYSE:LNC)

Posted by Defense World Staff on May 5th, 2023

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Lincoln National Co. (NYSE:LNC – Get Rating) by 74.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,957 shares of the financial services provider’s stock after selling 280,382 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.06% of Lincoln National worth $2,917,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Boyd Watterson Asset Management LLC OH purchased a new position in Lincoln National in the 4th quarter worth $26,000. Achmea Investment Management B.V. purchased a new position in shares of Lincoln National in the first quarter worth about $30,000. Ronald Blue Trust Inc. increased its holdings in shares of Lincoln National by 134.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 712 shares of the financial services provider’s stock worth $31,000 after buying an additional 408 shares during the period. Byrne Asset Management LLC bought a new stake in shares of Lincoln National in the 4th quarter valued at about $31,000. Finally, General Partner Inc. bought a new position in Lincoln National during the 4th quarter worth approximately $36,000. 78.00% of the stock is currently owned by institutional investors.

Lincoln National Trading Down 5.6 %

NYSE LNC opened at $19.35 on Friday. The stock’s fifty day moving average price is $23.20 and its 200-day moving average price is $31.55. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.66. The stock has a market cap of $3.28 billion, a P/E ratio of -1.46 and a beta of 1.76. Lincoln National Co. has a 12 month low of $18.74 and a 12 month high of $62.73.

Lincoln National (NYSE:LNC – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The financial services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.92). The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.52 billion. Lincoln National had a negative net margin of 11.89% and a negative return on equity of 11.85%. As a group, equities analysts forecast that Lincoln National Co. will post 8.3 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 10th were given a $0.45 dividend. The ex-dividend date was Thursday, April 6th. This represents a $1.80 annualized dividend and a yield of 9.30%. Lincoln National’s dividend payout ratio (DPR) is presently -13.60%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley lowered their price objective on Lincoln National from $38.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 12th. JPMorgan Chase & Co. lowered their price objective on shares of Lincoln National from $36.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, April 4th. StockNews.com initiated coverage on shares of Lincoln National in a report on Thursday, March 16th. They set a “sell” rating for the company. Royal Bank of Canada reduced their price target on Lincoln National from $37.00 to $31.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 12th. Finally, The Goldman Sachs Group reduced their target price on Lincoln National from $39.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, April 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Lincoln National presently has an average rating of “Hold” and an average target price of $31.79.

Lincoln National Company Profile

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Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. It operates through the following segments: Annuities, Retirement Plan Services, Life Insurance, Group Protection, and Other Operations.