5 Best Insurance Dividend Stocks To Buy Now

3. Lincoln National Corporation (NYSE:LNC)

Number of Hedge Fund Holders: 36
Dividend Yield as of April 5: 8.34%

Lincoln National Corporation (NYSE:LNC) is an American holding company that specializes in various insurance and investment management businesses. Jefferies raised its price target on the stock to 455 in February and maintained a Buy rating on the shares. The firm appreciated the company’s free cash flow generation.

Lincoln National Corporation (NYSE:LNC) currently pays a quarterly dividend of $0.45 per share and has a dividend yield of 8.34%, as of April 5. The company has been rewarding shareholders with increased dividends for the past 11 years, which places it as one of the best stocks on our list.

As of the close of Q4 2022, 36 hedge funds tracked by Insider Monkey reported having stakes in Lincoln National Corporation (NYSE:LNC), worth roughly $505 million collectively. Among these hedge funds, Lyrical Asset Management was the company’s leading stakeholder in Q4.

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