Lincoln National Corporation (LNC) Is One Of The Top Extreme Value Stocks To Buy Now

Lincoln National Corporation (NYSE:LNC) is one of the Top 10 Extreme Value Stocks To Buy Now. 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.

While we acknowledge the risk and potential of LNC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LNC and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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