Jackson Square Capital LLC Purchases New Position in Aegon Ltd. (NYSE:AEG)

Jackson Square Capital LLC bought a new position in Aegon Ltd. (NYSE:AEG - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 47,404 shares of the financial services provider's stock, valued at approximately $312,000.

Several other large investors have also recently bought and sold shares of AEG. Simon Quick Advisors LLC bought a new stake in shares of Aegon in the first quarter worth $69,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Aegon by 25.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 254,433 shares of the financial services provider's stock valued at $1,677,000 after buying an additional 52,174 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Aegon by 499.0% in the first quarter. GAMMA Investing LLC now owns 38,986 shares of the financial services provider's stock valued at $257,000 after buying an additional 32,477 shares during the period. Versant Capital Management Inc raised its position in shares of Aegon by 17,502.2% during the first quarter. Versant Capital Management Inc now owns 40,309 shares of the financial services provider's stock worth $266,000 after acquiring an additional 40,080 shares during the last quarter. Finally, Forum Financial Management LP lifted its stake in shares of Aegon by 40.8% in the fourth quarter. Forum Financial Management LP now owns 19,189 shares of the financial services provider's stock worth $113,000 after acquiring an additional 5,557 shares during the period. 4.32% of the stock is currently owned by institutional investors.

Aegon Stock Performance

Shares of AEG stock traded down $0.15 during trading hours on Tuesday, hitting $6.68. 9,958,889 shares of the company were exchanged, compared to its average volume of 6,057,351. The company has a 50 day simple moving average of $6.70 and a two-hundred day simple moving average of $6.43. The firm has a market cap of $14.71 billion, a P/E ratio of 6.95 and a beta of 0.92. Aegon Ltd. has a fifty-two week low of $5.42 and a fifty-two week high of $7.32.

Aegon declared that its Board of Directors has authorized a share repurchase program on Friday, May 16th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Aegon Increases Dividend

The business 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 $0.1992 dividend. This is an increase from Aegon's previous semi-annual dividend of $0.17. This represents a yield of 5.3%. The ex-dividend date is Tuesday, June 17th. Aegon's payout ratio is 34.38%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen lowered 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 report on Thursday, May 29th. BNP Paribas upgraded Aegon from a "hold" rating to an "outperform" rating in a report 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. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average 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.