Arrowpoint Investment Partners Singapore Pte. Ltd. Makes New Investment in Aegon Ltd. (NYSE:AEG)

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Aegon Ltd. (NYSE:AEG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 277,586 shares of the financial services provider's stock, valued at approximately $1,635,000. Aegon makes up approximately 0.3% of Arrowpoint Investment Partners Singapore Pte. Ltd.'s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC lifted 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 worth $29,000 after acquiring an additional 4,454 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings 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 acquiring an additional 3,802 shares in the last quarter. Waverly Advisors LLC bought a new position in shares of Aegon during the fourth quarter valued at approximately $65,000. Alliance Wealth Advisors LLC UT purchased a new position in shares of Aegon in the 4th quarter valued at $68,000. Finally, GeoWealth Management LLC grew its position in shares of Aegon by 56.8% in the 4th quarter. GeoWealth Management LLC now owns 13,036 shares of the financial services provider's stock worth $77,000 after buying an additional 4,721 shares during the last quarter. 4.32% of the stock is owned by hedge funds and other institutional investors.

Aegon Stock Down 0.2%

Shares of Aegon stock traded down $0.02 during trading on Monday, reaching $6.96. The company's stock had a trading volume of 13,969,338 shares, compared to its average volume of 5,473,043. Aegon Ltd. has a 12-month low of $5.42 and a 12-month high of $7.09. The company has a market capitalization of $15.33 billion, a P/E ratio of 7.24 and a beta of 0.91. The business has a 50 day moving average price of $6.45 and a 200-day moving average price of $6.34.

Aegon Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.1992 per share. 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. This represents a yield of 5.3%. Aegon's dividend payout ratio is currently 34.38%.

Aegon declared that its Board of Directors has approved a share repurchase program on Friday, May 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

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