Aegon (NYSE:AEG) Sets New 52-Week High - Time to Buy?

Aegon Ltd. (NYSE:AEG - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.09 and last traded at $7.08, with a volume of 1627383 shares. The stock had previously closed at $6.95.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. BNP Paribas Exane upgraded shares of Aegon from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen cut shares of Aegon from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, BNP Paribas upgraded shares of Aegon from a "hold" rating to an "outperform" rating in a report on Wednesday, May 7th.

Aegon Stock Performance

The firm has a market capitalization of $15.66 billion, a P/E ratio of 7.40 and a beta of 0.91. The business's fifty day moving average price is $6.48 and its two-hundred day moving average price is $6.36.

Aegon Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 17th will be issued a $0.1992 dividend. This is a boost from Aegon's previous semi-annual dividend of $0.17. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 17th. Aegon's dividend payout ratio (DPR) is currently 34.38%.

Aegon announced that its board has authorized a share repurchase plan on Friday, May 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Institutional Trading of Aegon

A number of institutional investors have recently modified their holdings of AEG. Bessemer Group Inc. boosted its stake in Aegon by 526.8% in the 1st quarter. Bessemer Group Inc. now owns 4,325 shares of the financial services provider's stock worth $29,000 after purchasing an additional 3,635 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Aegon by 1,136.2% in the 4th quarter. NewEdge Advisors LLC now owns 4,846 shares of the financial services provider's stock worth $29,000 after purchasing an additional 4,454 shares in the last quarter. SVB Wealth LLC acquired a new stake in Aegon in the 1st quarter worth approximately $42,000. Smartleaf Asset Management LLC raised its position in 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 buying an additional 3,802 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in Aegon during the 1st quarter valued at approximately $61,000. 4.32% of the stock is currently owned by institutional investors.

Aegon Company 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.