Cubist Systematic Strategies LLC Buys New Stake in Aegon Ltd. (NYSE:AEG)

Cubist Systematic Strategies LLC acquired a new stake in Aegon Ltd. (NYSE:AEG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 803,580 shares of the financial services provider's stock, valued at approximately $4,733,000.

Several other institutional investors and hedge funds have also modified their holdings of AEG. Wilmington Savings Fund Society FSB acquired a new stake in shares of Aegon in the 3rd quarter valued at $48,000. Hennion & Walsh Asset Management Inc. lifted its position in Aegon by 51.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 202,259 shares of the financial services provider's stock worth $1,191,000 after acquiring an additional 68,310 shares during the last quarter. Diversify Wealth Management LLC lifted its position in Aegon by 19.8% during the 4th quarter. Diversify Wealth Management LLC now owns 109,220 shares of the financial services provider's stock worth $649,000 after acquiring an additional 18,084 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Aegon by 1.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 126,041 shares of the financial services provider's stock worth $742,000 after acquiring an additional 2,094 shares during the last quarter. Finally, OLIO Financial Planning acquired a new position in Aegon during the 4th quarter worth $496,000. Institutional investors and hedge funds own 4.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AEG. BNP Paribas Exane raised shares of Aegon from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 7th. BNP Paribas raised shares of Aegon from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 7th. Finally, StockNews.com lowered shares of Aegon from a "buy" rating to a "hold" rating in a research report on Tuesday.

Aegon Stock Performance

Shares of NYSE:AEG traded up $0.13 on Thursday, hitting $6.95. 7,150,517 shares of the company were exchanged, compared to its average volume of 5,171,295. The company's 50 day moving average price is $6.36 and its two-hundred day moving average price is $6.32. Aegon Ltd. has a one year low of $5.42 and a one year high of $6.96. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 7.23 and a beta of 0.91.

Aegon Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 17th will be issued 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 is Tuesday, June 17th. This represents a dividend yield of 5.3%. Aegon's payout ratio is presently 34.38%.

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.