Focus Partners Wealth Purchases 54,139 Shares of Aegon Ltd. (NYSE:AEG)

Focus Partners Wealth lifted its position in Aegon Ltd. (NYSE:AEG) by 344.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,850 shares of the financial services provider’s stock after purchasing an additional 54,139 shares during the quarter. Focus Partners Wealth’s holdings in Aegon were worth $411,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AEG. Raymond James Financial Inc. bought a new position in shares of Aegon in the fourth quarter worth $15,397,000. BNP Paribas Financial Markets increased its holdings in shares of Aegon by 517.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,220,786 shares of the financial services provider’s stock worth $7,190,000 after purchasing an additional 1,023,116 shares during the period. OLD Mission Capital LLC increased its holdings in shares of Aegon by 450.5% in the fourth quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider’s stock worth $6,059,000 after purchasing an additional 841,863 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Aegon in the fourth quarter worth $4,733,000. Finally, Northern Trust Corp increased its holdings in shares of Aegon by 91.7% in the fourth quarter. Northern Trust Corp now owns 1,419,940 shares of the financial services provider’s stock worth $8,363,000 after purchasing an additional 679,126 shares during the period. Institutional investors own 4.32% of the company’s stock.

Analyst Ratings Changes

AEG has been the topic of several research analyst reports. BNP Paribas Exane raised shares of Aegon from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 7th. StockNews.com cut Aegon from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Finally, BNP Paribas raised Aegon from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 7th.

Aegon Trading Up 0.1%

Aegon stock opened at $7.02 on Wednesday. The firm has a 50-day moving average of $6.43 and a 200-day moving average of $6.34. The firm has a market cap of $15.48 billion, a P/E ratio of 7.31 and a beta of 0.91. Aegon Ltd. has a 1-year low of $5.42 and a 1-year high of $7.07.

Aegon announced that its Board of Directors has authorized a stock buyback plan on Friday, May 16th that permits the company to buyback 0 shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Aegon Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 17th will be issued a $0.1992 dividend. The ex-dividend date is Tuesday, June 17th. This is a positive change from Aegon’s previous semi-annual dividend of $0.17. This represents a yield of 5.3%. Aegon’s dividend payout ratio (DPR) is 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.