14 Value Stocks with Highest Dividends

12. Lincoln National Corporation (NYSE:LNC)

Dividend Yield as of April 14: 5.08%

Forward P/E Ratio: 4.08

On April 14, Bank of America lowered its price recommendation on Lincoln National Corporation (NYSE:LNC) to $37 from $41. It reiterated a Neutral rating on the shares. The firm said the change reflects recent Q4 developments and updates to peer multiples across its U.S. insurance coverage.

On April 13, Mizuho Financial Group lowered its price target on Lincoln National to $48 from $54 and maintained an Outperform rating. The firm adjusted its estimates and targets across its North America insurance coverage. It said it is most constructive on brokers, expects some easing in commercial pricing pressure among property and casualty insurers, and believes the setup for life insurers is “the most challenging.”

Lincoln National Corporation (NYSE:LNC) is a holding company that runs a range of insurance and retirement businesses through its subsidiaries. It operates across four segments: Annuities, Life Insurance, Group Protection, and Retirement Plan Services.