Institute for Wealth Management LLC. Invests $98,000 in Aegon Ltd. (NYSE:AEG)

Institute for Wealth Management LLC. bought a new position in shares of Aegon Ltd. (NYSE:AEG) in the fourth quarter, Holdings Channel.com reports. The fund bought 16,981 shares of the financial services provider’s stock, valued at approximately $98,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SNC acquired a new position in shares of Aegon in the 3rd quarter valued at about $26,000. Fortis Capital Advisors LLC bought a new position in shares of Aegon during the 1st quarter worth approximately $34,000. Allworth Financial LP grew its position in shares of Aegon by 144.8% during the 3rd quarter. Allworth Financial LP now owns 8,201 shares of the financial services provider’s stock worth $39,000 after buying an additional 4,851 shares during the period. Belpointe Asset Management LLC increased its stake in shares of Aegon by 3,154.7% in the 1st quarter. Belpointe Asset Management LLC now owns 8,625 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 8,360 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in Aegon during the fourth quarter worth $51,000. Institutional investors and hedge funds own 4.32% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Aegon from a “hold” rating to a “buy” rating in a research note on Thursday.

Aegon Price Performance

AEG stock opened at $5.86 on Monday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.48. Aegon Ltd. has a fifty-two week low of $4.22 and a fifty-two week high of $6.38. The stock’s 50 day simple moving average is $5.88 and its 200 day simple moving average is $5.59.

Aegon Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, July 8th. Investors of record on Monday, June 17th will be issued a $0.1734 dividend. This is a boost from Aegon’s previous semi-annual dividend of $0.15. This represents a dividend yield of 4.9%. The ex-dividend date is Monday, June 17th.

Aegon Profile

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.