Aegon Ltd. (NYSE:AEG) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Aegon Ltd. (NYSE:AEG - Free Report) by 91.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 about 0.06% of Aegon worth $8,363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AEG. Dimensional Fund Advisors LP raised its position in Aegon by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,413,607 shares of the financial services provider's stock valued at $31,886,000 after acquiring an additional 298,679 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Aegon during the 4th quarter worth approximately $15,397,000. Marshall Wace LLP grew 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 purchasing an additional 387,085 shares during the period. OLD Mission Capital LLC increased its holdings in shares of Aegon by 450.5% during the 4th quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider's stock valued at $6,059,000 after purchasing an additional 841,863 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Aegon by 5.5% in the 4th quarter. American Century Companies Inc. now owns 912,556 shares of the financial services provider's stock valued at $5,375,000 after purchasing an additional 47,962 shares during the period. Institutional investors and hedge funds own 4.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AEG. Wall Street Zen downgraded shares of Aegon from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. BNP Paribas Exane raised shares of Aegon from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 7th. Finally, BNP Paribas upgraded Aegon from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 7th.

Aegon Stock Down 0.1%

Shares of Aegon stock traded down $0.01 on Friday, reaching $6.97. The company's stock had a trading volume of 10,320,280 shares, compared to its average volume of 5,449,826. The company has a market capitalization of $15.35 billion, a P/E ratio of 7.26 and a beta of 0.91. The stock has a 50-day moving average price of $6.45 and a 200-day moving average price of $6.34. Aegon Ltd. has a 52-week low of $5.42 and a 52-week high of $7.09.

Aegon declared that its board has initiated a stock buyback plan on Friday, May 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Aegon Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 17th will be issued a $0.1992 dividend. This represents a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 17th. This is a positive change from Aegon's previous semi-annual dividend of $0.17. Aegon's payout ratio is presently 34.38%.

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.