Jane Street Group LLC Boosts Position in Aegon Ltd. (NYSE:AEG)

Jane Street Group LLC boosted its position in shares of Aegon Ltd. (NYSE:AEG - Free Report) by 53.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 316,488 shares of the financial services provider's stock after buying an additional 110,768 shares during the period. Jane Street Group LLC's holdings in Aegon were worth $1,864,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its position in Aegon by 1.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 145,663 shares of the financial services provider's stock worth $858,000 after buying an additional 1,779 shares during the period. Crossmark Global Holdings Inc. increased its position in Aegon by 1.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 126,041 shares of the financial services provider's stock worth $742,000 after buying an additional 2,094 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in Aegon by 13.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 17,757 shares of the financial services provider's stock worth $105,000 after buying an additional 2,142 shares during the period. Orion Portfolio Solutions LLC increased its position in Aegon by 12.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 20,015 shares of the financial services provider's stock worth $118,000 after buying an additional 2,170 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Aegon by 3.0% during the fourth quarter. Russell Investments Group Ltd. now owns 76,168 shares of the financial services provider's stock worth $449,000 after buying an additional 2,241 shares during the period. Institutional investors and hedge funds own 4.32% of the company's stock.

Aegon Price Performance

Shares of NYSE:AEG traded down $0.02 during trading on Friday, reaching $6.96. The company had a trading volume of 13,969,338 shares, compared to its average volume of 5,477,790. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 7.24 and a beta of 0.91. The stock's fifty day moving average price is $6.45 and its 200 day moving average price is $6.35. Aegon Ltd. has a fifty-two week low of $5.42 and a fifty-two week high of $7.09.

Aegon announced that its board has authorized a share buyback plan on Friday, May 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Aegon Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 17th will be issued a $0.1992 dividend. The ex-dividend date 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 payout ratio is presently 34.38%.

Wall Street Analysts Forecast Growth

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

Aegon 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.