Federated Hermes Inc. Has $187,000 Stock Position in Lincoln National Co. (NYSE:LNC)

Federated Hermes Inc. grew its position in Lincoln National Co. (NYSE:LNC) by 307.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,924 shares of the financial services provider’s stock after buying an additional 5,225 shares during the period. Federated Hermes Inc.’s holdings in Lincoln National were worth $187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LNC. Security Financial Services INC. lifted its holdings in Lincoln National by 4.6% during the fourth quarter. Security Financial Services INC. now owns 8,803 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 385 shares in the last quarter. Greenleaf Trust lifted its holdings in Lincoln National by 3.9% during the third quarter. Greenleaf Trust now owns 12,557 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 468 shares in the last quarter. Allworth Financial LP lifted its holdings in Lincoln National by 14.4% during the fourth quarter. Allworth Financial LP now owns 4,238 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 532 shares in the last quarter. Advisor Partners II LLC lifted its holdings in Lincoln National by 1.6% during the third quarter. Advisor Partners II LLC now owns 34,732 shares of the financial services provider’s stock worth $858,000 after acquiring an additional 550 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Lincoln National by 47.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 571 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Trading Up 4.3 %

Shares of NYSE:LNC opened at $28.10 on Monday. Lincoln National Co. has a 12-month low of $18.50 and a 12-month high of $32.43. The stock has a market cap of $4.78 billion, a PE ratio of 3.84, a P/E/G ratio of 0.18 and a beta of 1.80. The business has a 50 day moving average of $28.46 and a 200-day moving average of $26.58. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.87.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.13. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $4.44 billion. As a group, equities research analysts forecast that Lincoln National Co. will post 6.25 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.41%. The ex-dividend date was Tuesday, April 9th. Lincoln National’s dividend payout ratio (DPR) is currently 24.62%.

Analysts Set New Price Targets

LNC has been the topic of a number of research reports. The Goldman Sachs Group boosted their price target on Lincoln National from $29.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. TheStreet downgraded Lincoln National from a “c” rating to a “d+” rating in a research report on Thursday, February 8th. Keefe, Bruyette & Woods lifted their target price on Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price target on Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company boosted their price target on Lincoln National from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.45.

Insider Activity at Lincoln National

In related news, Director Owen Ryan purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $25.90 per share, for a total transaction of $259,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $259,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by corporate insiders.

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.