15 Best Stocks To Invest In For Retirement

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8. Lincoln National Corporation (NYSE:LNC)

Dividend Yield as of February 19: 4.62%

Number of Hedge Fund Holders: 41

Lincoln National Corporation (NYSE:LNC) is a Pennsylvania-based insurance and retirement services company that has four main segments – Life Insurance, Annuities, Group Protection, and Retirement Plan Services. It is one of the best stocks to buy for an income portfolio upon retirement. On February 19, 2025, Wells Fargo analyst Elyse Greenspan raised the price target on LNC from $28 to $36 and maintained an Equal Weight rating on the stock.

On February 6, Lincoln National Corporation (NYSE:LNC) reported a Q4 non-GAAP EPS of $1.91 and a revenue of $5.06 billion, outperforming Wall Street estimates by $0.17 and $340 million, respectively. Lincoln finished the year strong, with its risk-based capital (RBC) ratio exceeding 430%. Even with a $100 million loss in life earnings from the Fortitude transaction, the company recorded its highest adjusted operating earnings in three years. LNC also boosted its free cash flow conversion from 35% in 2023 to 39% in 2024.

Lincoln National Corporation (NYSE:LNC) declared a $0.45 per share quarterly dividend on November 14, 2024. The dividend was distributed to shareholders on February 3, 2025. The stock offers a dividend yield of 4.62% as of February 19. It is one of the best stocks to buy for a retirement portfolio.

Among the hedge funds tracked by Insider Monkey, 41 funds reported owning stakes in Lincoln National Corporation (NYSE:LNC) at the end of Q4 2024, compared to 38 funds in the earlier quarter. John Overdeck and David Siegel’s Two Sigma Advisors was the largest stakeholder of the company, with 2 million shares valued at $66 million.

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