Millennium Management LLC Trims Position in Aegon Ltd. (NYSE:AEG)

Millennium Management LLC lowered its position in Aegon Ltd. (NYSE:AEG - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,709 shares of the financial services provider's stock after selling 285,922 shares during the quarter. Millennium Management LLC's holdings in Aegon were worth $3,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of AEG. NewEdge Advisors LLC boosted its stake 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 purchasing an additional 4,454 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Aegon by 70.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,184 shares of the financial services provider's stock worth $54,000 after purchasing an additional 3,802 shares during the last quarter. Alliance Wealth Advisors LLC UT bought a new stake in Aegon in the fourth quarter worth $68,000. GeoWealth Management LLC boosted its position in Aegon by 56.8% during the fourth quarter. GeoWealth Management LLC now owns 13,036 shares of the financial services provider's stock valued at $77,000 after buying an additional 4,721 shares during the period. Finally, FourThought Financial Partners LLC bought a new position in shares of Aegon during the fourth quarter valued at about $79,000. 4.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BNP Paribas raised Aegon from a "hold" rating to an "outperform" rating in a research note on Wednesday, May 7th. BNP Paribas Exane raised Aegon from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded Aegon from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th.

Aegon Price Performance

Aegon stock traded down $0.07 during trading hours on Wednesday, reaching $7.14. The stock had a trading volume of 11,736,831 shares, compared to its average volume of 5,773,797. The company has a fifty day simple moving average of $6.52 and a 200-day simple moving average of $6.38. Aegon Ltd. has a 52 week low of $5.42 and a 52 week high of $7.32. The stock has a market cap of $15.74 billion, a PE ratio of 7.44 and a beta of 0.91.

Aegon declared that its Board of Directors has initiated 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 reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Aegon Increases Dividend

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

Aegon 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.