Top 10 Extreme Value Stocks To Buy Now 

7. Lincoln National Corporation (NYSE:LNC)

Number of Hedge Fund Holders: 44

On June 24, Lincoln National Corporation (NYSE:LNC) entered into an underwriting agreement with a syndicate led by Wells Fargo Securities, BofA Securities, Goldman Sachs, Morgan Stanley, and TD Cowen Securities to issue $500 million in subordinated notes. The notes carry a fixed-to-fixed reset interest rate of $6.800% and will mature on July 15, 2056. The offering was priced at face value and completed on June 29, 2026, with the bonds sold at a small discount of 1% to the underwriting group. The notes are unsecured and rank below the company’s senior debt. They carry a fixed 6.800% interest rate until July 15, 2036, after which the rate will reset every five years based on the 5-year US Treasury yield plus 2.400%. Interest payments will be made twice a year starting January 15, 2027.

Lincoln National Corporation (NYSE:LNC) plans to use the proceeds for general corporate purposes, which may include redeeming higher-cost preferred stock. This move is aimed at adjusting its capital structure and potentially reducing long-term financing costs over time. On a positive front, on June 15, a Jefferies analyst reiterated a Buy rating on Lincoln National Corporation (NYSE:LNC) along with the target price of $56. This price target matches the highest Wall Street price target among 16 analysts covering the stock.

Lincoln National Corporation (NYSE:LNC), through its subsidiaries, provides insurance and retirement policies. The company is based in Radnor, Pennsylvania and was founded in 1968.