Jackson Square Capital LLC Acquires Shares of 47,404 Aegon Ltd. (NYSE:AEG)

Jackson Square Capital LLC bought a new stake in Aegon Ltd. (NYSE:AEG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 47,404 shares of the financial services provider's stock, valued at approximately $312,000.

Other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC grew its position in shares of Aegon by 1,136.2% in the fourth 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 during the period. Smartleaf Asset Management LLC grew its position in shares of Aegon by 70.6% in the fourth 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 stake in shares of Aegon in the fourth quarter valued at about $65,000. Simon Quick Advisors LLC acquired a new position in Aegon during the first quarter worth about $69,000. Finally, 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 worth $77,000 after acquiring an additional 4,721 shares during the last quarter. Institutional investors and hedge funds own 4.32% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEG. BNP Paribas Exane upgraded shares of Aegon from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 7th. BNP Paribas upgraded shares of Aegon from a "hold" rating to an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of Aegon from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, Berenberg Bank upgraded Aegon to a "strong-buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Aegon has an average rating of "Buy".

Aegon Stock Down 2.3%

NYSE AEG traded down $0.17 on Friday, reaching $6.93. The stock had a trading volume of 11,898,779 shares, compared to its average volume of 6,030,604. Aegon Ltd. has a 12-month low of $5.42 and a 12-month high of $7.32. The stock has a fifty day moving average price of $6.67 and a two-hundred day moving average price of $6.43. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 7.21 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. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.1992 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 5.3%. This is a positive change from Aegon's previous semi-annual dividend of $0.17. Aegon's dividend payout ratio is currently 34.38%.

Aegon declared that its board has approved a stock repurchase plan 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. Shares repurchase plans are typically a sign that the company's board of directors 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.