Northern Trust Corp Buys 679,126 Shares of Aegon Ltd. (NYSE:AEG)

Northern Trust Corp grew its position in Aegon Ltd. (NYSE:AEG - Free Report) by 91.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,419,940 shares of the financial services provider's stock after buying an additional 679,126 shares during the period. Northern Trust Corp owned approximately 0.06% of Aegon worth $8,363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of Aegon by 1,136.2% in the 4th quarter. NewEdge Advisors LLC now owns 4,846 shares of the financial services provider's stock valued at $29,000 after buying an additional 4,454 shares during the period. Smartleaf Asset Management LLC lifted its position in Aegon by 70.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,184 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 3,802 shares in the last quarter. Alliance Wealth Advisors LLC UT bought a new stake in Aegon in the 4th quarter valued at $68,000. GeoWealth Management LLC lifted its position in Aegon by 56.8% in the 4th quarter. GeoWealth Management LLC now owns 13,036 shares of the financial services provider's stock valued at $77,000 after acquiring an additional 4,721 shares in the last quarter. Finally, FourThought Financial Partners LLC bought a new stake in Aegon in the 4th quarter valued at $79,000. Institutional investors and hedge funds own 4.32% of the company's stock.

Aegon Stock Down 0.2%

AEG traded down $0.02 during trading on Friday, hitting $6.96. The company had a trading volume of 13,969,338 shares, compared to its average volume of 5,473,043. The firm's 50-day moving average price is $6.45 and its 200 day moving average price is $6.35. Aegon Ltd. has a one year low of $5.42 and a one year high of $7.09. The company has a market capitalization of $15.33 billion, a PE ratio of 7.24 and a beta of 0.91.

Aegon Increases Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, June 17th. This is a boost from Aegon's previous semi-annual dividend of $0.17. This represents a yield of 5.3%. Aegon's payout ratio is 34.38%.

Aegon announced that its Board of Directors has initiated a share buyback 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. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on AEG. Wall Street Zen cut shares of Aegon from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. BNP Paribas Exane raised shares of Aegon from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 7th. Finally, BNP Paribas raised shares of Aegon from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 7th.

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.