Two Sigma Investments LP Takes Position in Aegon Ltd. (NYSE:AEG)

Two Sigma Investments LP bought a new stake in shares of Aegon Ltd. (NYSE:AEG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 109,514 shares of the financial services provider’s stock, valued at approximately $645,000.

Several other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Aegon by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,413,607 shares of the financial services provider’s stock worth $31,886,000 after acquiring an additional 298,679 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Aegon during the 4th quarter worth approximately $15,397,000. Northern Trust Corp lifted its stake in shares of Aegon by 91.7% during the 4th quarter. Northern Trust Corp now owns 1,419,940 shares of the financial services provider’s stock worth $8,363,000 after acquiring an additional 679,126 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Aegon by 37.8% during the 4th quarter. Marshall Wace LLP now owns 1,410,756 shares of the financial services provider’s stock worth $8,309,000 after acquiring an additional 387,085 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Aegon by 517.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,220,786 shares of the financial services provider’s stock worth $7,190,000 after acquiring an additional 1,023,116 shares during the last quarter. Institutional investors own 4.32% of the company’s stock.

Aegon Stock Performance

NYSE AEG opened at $7.26 on Friday. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 7.56 and a beta of 0.92. The company’s 50-day simple moving average is $6.55 and its two-hundred day simple moving average is $6.39. Aegon Ltd. has a one year low of $5.42 and a one year high of $7.32.

Aegon Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.1992 per share. This is an increase from Aegon’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 5.3%. Aegon’s dividend payout ratio (DPR) is 34.38%.

Aegon declared that its board has approved a share repurchase plan on Friday, May 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently commented on AEG. BNP Paribas Exane raised shares of Aegon from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 7th. Berenberg Bank raised shares of Aegon to a “strong-buy” rating in a research note on Thursday, May 29th. BNP Paribas raised shares of Aegon from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of Aegon from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Aegon currently has a consensus rating of “Buy”.

About Aegon

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.