Northwestern Mutual Investment Management Company LLC cut its stake in Lincoln National Corp. (NYSE:LNC) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,119 shares of the company’s stock after selling 83 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Lincoln National Corp. were worth $354,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of LNC. Exxonmobil Investment Management Inc. TX boosted its stake in Lincoln National Corp. by 5.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 61,867 shares of the company’s stock worth $2,399,000 after buying an additional 3,200 shares in the last quarter. Royal Bank of Canada boosted its stake in Lincoln National Corp. by 18.7% in the first quarter. Royal Bank of Canada now owns 974,322 shares of the company’s stock worth $38,194,000 after buying an additional 153,317 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Lincoln National Corp. by 3.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,990,933 shares of the company’s stock worth $313,245,000 after buying an additional 232,131 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lincoln National Corp. by 1.9% in the first quarter. Geode Capital Management LLC now owns 2,156,753 shares of the company’s stock worth $84,389,000 after buying an additional 39,352 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Lincoln National Corp. by 97.2% in the first quarter. Prudential Financial Inc. now owns 1,976,880 shares of the company’s stock worth $77,494,000 after buying an additional 974,590 shares in the last quarter. 78.68% of the stock is currently owned by institutional investors.

Shares of Lincoln National Corp. (NYSE:LNC) opened at 46.65 on Friday. Lincoln National Corp. has a 52-week low of $30.39 and a 52-week high of $57.54. The company’s 50 day moving average price is $46.45 and its 200 day moving average price is $43.01. The stock has a market cap of $10.86 billion, a PE ratio of 11.18 and a beta of 2.16.

Lincoln National Corp. (NYSE:LNC) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by $0.02. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Lincoln National Corp. had a net margin of 7.71% and a return on equity of 9.27%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 EPS. On average, analysts anticipate that Lincoln National Corp. will post $6.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.00 annualized dividend and a dividend yield of 2.14%. Lincoln National Corp.’s dividend payout ratio (DPR) is presently 23.92%.

Several equities research analysts recently commented on LNC shares. FBR & Co reaffirmed a “buy” rating on shares of Lincoln National Corp. in a research report on Friday, June 10th. Morgan Stanley reaffirmed a “buy” rating on shares of Lincoln National Corp. in a research report on Friday, June 10th. Bank of America Corp. cut Lincoln National Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. Evercore ISI started coverage on Lincoln National Corp. in a research report on Wednesday, July 6th. They set a “buy” rating and a $47.00 price objective on the stock. Finally, Citigroup Inc. dropped their price objective on Lincoln National Corp. from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $53.00.

In other Lincoln National Corp. news, EVP Lisa Buckingham sold 12,881 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $48.26, for a total transaction of $621,637.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick S. Pittard sold 10,382 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $46.67, for a total value of $484,527.94. Following the transaction, the director now directly owns 13,115 shares of the company’s stock, valued at approximately $612,077.05. The disclosure for this sale can be found here. 1.41% of the stock is owned by insiders.

Lincoln National Corp. Company Profile

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. It operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

5 Day Chart for NYSE:LNC

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