JPMorgan Chase & Co. Raises Position in Aegon Ltd. (NYSE:AEG)

JPMorgan Chase & Co. increased its position in shares of Aegon Ltd. (NYSE:AEG) by 74.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,189 shares of the financial services provider’s stock after purchasing an additional 30,296 shares during the quarter. JPMorgan Chase & Co.’s holdings in Aegon were worth $419,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Aegon during the third quarter valued at about $48,000. Smartleaf Asset Management LLC grew its position in Aegon by 70.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,184 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 3,802 shares in the last quarter. Alliance Wealth Advisors LLC UT purchased a new position in shares of Aegon during the 4th quarter valued at about $68,000. FourThought Financial Partners LLC bought a new position in shares of Aegon during the 4th quarter valued at $79,000. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in shares of Aegon by 13.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 17,757 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 2,142 shares during the last quarter. 4.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Aegon from a “hold” rating to a “buy” rating in a research note on Monday, March 31st.

Aegon Stock Up 0.2 %

AEG opened at $6.45 on Friday. The stock has a market cap of $14.21 billion, a PE ratio of 6.71 and a beta of 0.84. The business has a 50 day moving average of $6.29 and a 200-day moving average of $6.30. Aegon Ltd. has a 52 week low of $5.42 and a 52 week high of $6.96.

Aegon Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.1992 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 5.3%. This is a positive change from Aegon’s previous semi-annual dividend of $0.17. Aegon’s payout ratio is presently 34.38%.

Aegon Profile

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the United States, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, mutual funds, and stable value solutions; residential mortgage and digital baking services; and retail and institutional investment management solutions and retirement savings vehicles and strategies.