Point72 Asset Management L.P. Has $2.23 Million Stake in Aegon Ltd. (NYSE:AEG)

Point72 Asset Management L.P. increased its stake in shares of Aegon Ltd. (NYSE:AEG - Free Report) by 1,578.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 378,200 shares of the financial services provider's stock after purchasing an additional 355,671 shares during the period. Point72 Asset Management L.P.'s holdings in Aegon were worth $2,228,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AEG. Diversify Wealth Management LLC grew its stake in shares of Aegon by 19.8% during the fourth quarter. Diversify Wealth Management LLC now owns 109,220 shares of the financial services provider's stock worth $649,000 after purchasing an additional 18,084 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of 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 purchasing an additional 2,094 shares during the period. OLIO Financial Planning acquired a new stake in shares of Aegon during the fourth quarter worth $496,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Aegon by 46.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,329 shares of the financial services provider's stock worth $126,000 after purchasing an additional 6,733 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Aegon by 45.4% during the fourth quarter. Blue Trust Inc. now owns 131,339 shares of the financial services provider's stock worth $839,000 after purchasing an additional 41,032 shares during the period. 4.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen cut Aegon from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. BNP Paribas upgraded 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 report on Wednesday, May 7th.

Aegon Stock Performance

AEG stock traded down $0.02 during midday trading on Friday, hitting $6.96. 13,969,338 shares of the company's stock were exchanged, compared to its average volume of 5,477,789. The stock's fifty 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 one year low of $5.42 and a one year high of $7.09.

Aegon declared that its board has authorized a stock buyback program on Friday, May 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Aegon Increases Dividend

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

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.