Hennion & Walsh Asset Management Inc. Buys 52,174 Shares of Aegon Ltd. (NYSE:AEG)

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Aegon Ltd. (NYSE:AEG - Free Report) by 25.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 254,433 shares of the financial services provider's stock after purchasing an additional 52,174 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Aegon were worth $1,677,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of 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 raised its holdings in shares of 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 purchasing an additional 3,802 shares during the period. Waverly Advisors LLC acquired a new position in Aegon in the 4th quarter valued at about $65,000. GeoWealth Management LLC grew its position in shares of Aegon by 56.8% during the 4th quarter. GeoWealth Management LLC now owns 13,036 shares of the financial services provider's stock worth $77,000 after purchasing an additional 4,721 shares in the last quarter. Finally, FourThought Financial Partners LLC acquired a new position in shares of Aegon during the 4th quarter worth approximately $79,000. Institutional investors own 4.32% of the company's stock.

Aegon Stock Up 1.0%

Shares of Aegon stock traded up $0.07 during trading on Friday, reaching $7.26. The company's stock had a trading volume of 9,939,900 shares, compared to its average volume of 5,856,209. The firm's 50-day moving average is $6.54 and its two-hundred day moving average is $6.39. Aegon Ltd. has a 52-week low of $5.42 and a 52-week high of $7.32. The company has a market cap of $16.00 billion, a price-to-earnings ratio of 7.56 and a beta of 0.92.

Aegon Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 17th will be issued a $0.1992 dividend. 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 34.38%.

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

Analyst Ratings Changes

Several equities analysts recently commented on AEG shares. Wall Street Zen downgraded shares of Aegon from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Berenberg Bank raised shares of Aegon to a "strong-buy" rating in a research note on Thursday, May 29th. BNP Paribas upgraded shares of Aegon from a "hold" rating to an "outperform" rating in a report on Wednesday, May 7th. Finally, BNP Paribas Exane upgraded shares of Aegon from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Aegon currently has a consensus rating of "Buy".

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.