Point72 Asset Management L.P. Boosts Stake in Aegon Ltd. (NYSE:AEG)

Point72 Asset Management L.P. grew its position in shares of Aegon Ltd. (NYSE:AEG - Free Report) by 1,578.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 378,200 shares of the financial services provider's stock after buying an additional 355,671 shares during the period. Point72 Asset Management L.P.'s holdings in Aegon were worth $2,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AEG. NewEdge Advisors LLC lifted its holdings in Aegon by 1,136.2% during 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 last quarter. Smartleaf Asset Management LLC raised 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. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Aegon during the 4th quarter valued at approximately $68,000. GeoWealth Management LLC boosted its holdings in Aegon by 56.8% in the 4th quarter. GeoWealth Management LLC now owns 13,036 shares of the financial services provider's stock worth $77,000 after buying an additional 4,721 shares during the period. Finally, FourThought Financial Partners LLC bought a new position in Aegon in the 4th quarter worth approximately $79,000. Institutional investors own 4.32% of the company's stock.

Wall Street Analysts Forecast Growth

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

Aegon Stock Down 0.2%

NYSE:AEG traded down $0.02 during mid-day trading on Monday, hitting $6.96. 13,969,338 shares of the stock traded hands, compared to its average volume of 5,473,043. 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.