Jane Street Group LLC Acquires 110,768 Shares of Aegon Ltd. (NYSE:AEG)

Jane Street Group LLC grew its position in shares of Aegon Ltd. (NYSE:AEG) by 53.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 316,488 shares of the financial services provider’s stock after acquiring an additional 110,768 shares during the period. Jane Street Group LLC’s holdings in Aegon were worth $1,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of Aegon by 1,136.2% during the 4th quarter. NewEdge Advisors LLC now owns 4,846 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 4,454 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Aegon by 70.6% during the 4th 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 during the period. Alliance Wealth Advisors LLC UT purchased a new position in shares of Aegon during the 4th quarter worth approximately $68,000. GeoWealth Management LLC grew its holdings in shares of Aegon by 56.8% during the 4th quarter. GeoWealth Management LLC now owns 13,036 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 4,721 shares during the period. Finally, FourThought Financial Partners LLC purchased a new position in shares of Aegon during the 4th quarter worth approximately $79,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Stock Down 0.8%

Aegon stock opened at $6.92 on Friday. The company has a market capitalization of $15.24 billion, a P/E ratio of 7.20 and a beta of 0.91. The stock’s 50 day moving average is $6.40 and its 200 day moving average is $6.33. Aegon Ltd. has a twelve month low of $5.42 and a twelve month high of $6.99.

Aegon Increases Dividend

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

Aegon announced that its board has authorized a stock repurchase program on Friday, May 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BNP Paribas upgraded Aegon from a “hold” rating to an “outperform” rating in a report on Wednesday, May 7th. StockNews.com downgraded Aegon from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, BNP Paribas Exane upgraded Aegon from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 7th.

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.