11 Ridiculously Cheap Stocks to Invest in

8. Lincoln National Corporation (NYSE:LNC)

Forward P/E as of April 17: 4.17

Lincoln National Corporation (NYSE:LNC) is a financial holding company operating various insurance and retirement businesses through its subsidiaries. The key segments of this Fortune 200 American company include Annuities, Life Insurance, Group Protection, and Retirement Plan Services. From businesses to individuals, the products and services are offered across the United States and the UK. Headquartered in Radnor, the company is known for its integrity, forward-thinking, and optimism.

Lincoln National Corporation (NYSE:LNC) is one of those enterprises gaining traction due to its strategic partnerships. Just recently, the company announced entering a partnership with Bain Capital, a top global investment firm, allowing LNC to expedite its strategy, identify value creation opportunities, and deliver growth capital in the areas of strategic focus. This 9.9% ownership stake in LNC will make Bain Capital a strategic asset management partner across a range of asset classes.

The giant is also collaborating with Partners Group, a leading private markets firm, for an evergreen fund to invest in the globally varied cross-sector private markets royalty portfolio. Using a relative value approach, Partners Group will invest in high-potential sectors like pharmaceuticals and entertainment, among other emerging high-growth industries, including energy and sports.

The strategic activeness of Lincoln National Corporation (NYSE:LNC) reflects strong growth and profitability, stemming from operational efficiency, market footing, and a solid customer base. Our bullish thesis is mainly based on the diversification of the business’s investment portfolio. A perfect blend of debt securities, particularly government-backed, fixed-interest, and inflation-linked, is what it is.

While life insurance premiums are anticipated to increase 1.5% year-over-year in developed countries, the greatest potential lies in the developing economies this 2025. Among these are China, India, and Latin America, with premiums expected to rise by at least 5%. Thus, in this moderately growing market, Lincoln National Corporation (NYSE:LNC) is one of the best cheap stocks with huge upside potential.