5 BofA Securities Top Value Stock Picks Also Pay Large and Dependable Dividends


This integrated giant is a safer way for investors looking to get positioned in the energy sector, as it has a solid position when it comes to natural gas. Chevron Corp. (NYSE: CVX) engages in integrated energy and chemicals operations worldwide.

The Upstream segment is involved in the exploration, development, production and transportation of crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage and marketing of natural gas, as well as operating a gas-to-liquids plant.

The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in cash management and debt financing activities, insurance operations, real estate activities and technology businesses.

Chevron stock comes with a 3.38% dividend. BofA Securities has a $205 target price. The $175.41 consensus target is much closer to Friday’s close at $171.83 a share.

Hartford Financial Service

This insurance giant is a dependable idea for conservative investors, and it offers incredible value at current trading levels. Hartford Financial Services Group Inc. (NYSE: HIG) provides insurance and financial services to individual and business customers in the United States, the United Kingdom and elsewhere.

Its Commercial Lines segment offers workers’ compensation, property, automobile, liability, umbrella, bond, marine, livestock and reinsurance, as well as customized insurance products and risk management services, including professional liability, bond, surety and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents and reinsurance brokers.

The Personal Lines segment provides automobile, homeowners and personal umbrella coverage through direct-to-consumer channels and independent agents, while its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures.

The Group Benefits segment provides group life, disability and other group coverages to members of employer groups, associations and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration and claims processing to self-funded employer plans; and a single-company leave management solution. This segment distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations and private exchanges.

The Hartford Funds segment offers investment products for retail and retirement accounts; exchange-traded products through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups and registered investment advisers; and investment management and administrative services, such as product design, implementation and oversight.

Shareholders receive a 2.21% dividend. The $101 BofA Securities target price is well above the $84.56 consensus target. Hartford Financial Service stock closed at $69.55 on Friday.

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