Janney Montgomery Scott LLC bought a new stake in Aegon Ltd. (NYSE:AEG – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,170 shares of the financial services provider’s stock, valued at approximately $112,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI raised its position in Aegon by 2.9% in the 2nd quarter. National Bank of Canada FI now owns 124,886 shares of the financial services provider’s stock valued at $628,000 after buying an additional 3,530 shares during the last quarter. Raymond James & Associates grew its stake in Aegon by 1.3% in the second quarter. Raymond James & Associates now owns 4,259,013 shares of the financial services provider’s stock valued at $21,593,000 after purchasing an additional 54,498 shares in the last quarter. Creative Planning grew its stake in Aegon by 38.2% in the second quarter. Creative Planning now owns 226,364 shares of the financial services provider’s stock valued at $1,148,000 after purchasing an additional 62,534 shares in the last quarter. Summit Global Investments grew its stake in Aegon by 2,837.5% in the second quarter. Summit Global Investments now owns 1,035,242 shares of the financial services provider’s stock valued at $5,249,000 after purchasing an additional 1,000,000 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its stake in Aegon by 53.5% in the second quarter. First Trust Direct Indexing L.P. now owns 96,174 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 33,506 shares in the last quarter. Institutional investors and hedge funds own 18.95% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com downgraded Aegon from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.50.
Aegon Stock Up 2.0 %
AEG opened at $5.06 on Monday. The business has a fifty day simple moving average of $4.88 and a 200 day simple moving average of $4.89. Aegon Ltd. has a 1 year low of $4.02 and a 1 year high of $5.68. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.07 and a current ratio of 0.07.
Aegon (NYSE:AEG – Get Free Report) last released its quarterly earnings results on Thursday, August 17th. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter. Equities analysts anticipate that Aegon Ltd. will post 0.27 earnings per share for the current fiscal year.
Aegon Increases Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, August 30th were issued a $0.1528 dividend. The ex-dividend date was Tuesday, August 29th. This is a boost from Aegon’s previous semi-annual dividend of $0.13. This represents a yield of 4.7%.
Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, and mutual funds; mortgage loans; and individual retirement accounts, as well as stable value, investment management, and digital banking solutions.
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