Focus Partners Wealth Purchases 54,139 Shares of Aegon Ltd. (NYSE:AEG)

Focus Partners Wealth raised its position in Aegon Ltd. (NYSE:AEG - Free Report) by 344.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,850 shares of the financial services provider's stock after buying an additional 54,139 shares during the quarter. Focus Partners Wealth's holdings in Aegon were worth $411,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AEG. Wealthstar Advisors LLC purchased a new stake in Aegon in the 4th quarter worth about $601,000. Savant Capital LLC boosted its position in Aegon by 6.4% during the fourth quarter. Savant Capital LLC now owns 37,744 shares of the financial services provider's stock worth $222,000 after purchasing an additional 2,275 shares during the period. OLD Mission Capital LLC increased its stake in shares of Aegon by 450.5% in the fourth quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider's stock worth $6,059,000 after purchasing an additional 841,863 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Aegon in the fourth quarter valued at approximately $15,397,000. Finally, ABC Arbitrage SA bought a new stake in shares of Aegon in the fourth quarter valued at approximately $3,394,000. 4.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AEG has been the subject of a number of recent research reports. BNP Paribas upgraded shares of 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 report on Wednesday, May 7th. Finally, Wall Street Zen lowered Aegon from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th.

Aegon Stock Down 0.2%

NYSE:AEG traded down $0.02 during mid-day trading on Friday, hitting $6.96. 13,969,338 shares of the stock traded hands, compared to its average volume of 5,477,789. The business's 50-day moving average price is $6.45 and its 200 day moving average price is $6.34. The company has a market cap of $15.33 billion, a PE ratio of 7.24 and a beta of 0.91. Aegon Ltd. has a 12-month low of $5.42 and a 12-month high of $7.09.

Aegon Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 17th will be given 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 payout ratio is 34.38%.

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

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.