Quantinno Capital Management LP Sells 67,856 Shares of Aegon Ltd. (NYSE:AEG)

Quantinno Capital Management LP cut its stake in shares of Aegon Ltd. (NYSE:AEG - Free Report) by 45.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,238 shares of the financial services provider's stock after selling 67,856 shares during the period. Quantinno Capital Management LP's holdings in Aegon were worth $484,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AEG. Raymond James Financial Inc. acquired a new position in Aegon in the 4th quarter worth about $15,397,000. BNP Paribas Financial Markets grew its holdings in shares of Aegon by 517.6% during the fourth quarter. BNP Paribas Financial Markets now owns 1,220,786 shares of the financial services provider's stock worth $7,190,000 after purchasing an additional 1,023,116 shares during the last quarter. OLD Mission Capital LLC increased its stake in shares of Aegon by 450.5% in the fourth quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider's stock valued at $6,059,000 after buying an additional 841,863 shares during the period. Cubist Systematic Strategies LLC bought a new position in Aegon in the 4th quarter valued at approximately $4,733,000. Finally, Northern Trust Corp raised its holdings in Aegon by 91.7% in the 4th quarter. Northern Trust Corp now owns 1,419,940 shares of the financial services provider's stock valued at $8,363,000 after buying an additional 679,126 shares during the last quarter. 4.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AEG. Wall Street Zen lowered shares of Aegon from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. BNP Paribas raised shares of Aegon from a "hold" rating to an "outperform" rating in a research note 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 Trading Up 0.8%

NYSE:AEG traded up $0.06 on Friday, reaching $7.19. 3,733,364 shares of the stock traded hands, compared to its average volume of 5,571,364. Aegon Ltd. has a 1-year low of $5.42 and a 1-year high of $7.20. The company's 50 day moving average is $6.49 and its 200-day moving average is $6.36. The firm has a market capitalization of $15.85 billion, a price-to-earnings ratio of 7.49 and a beta of 0.91.

Aegon Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.1992 per share. The ex-dividend date is Tuesday, June 17th. This represents a yield of 5.3%. This is a boost from Aegon's previous semi-annual dividend of $0.17. Aegon's dividend payout ratio is 34.38%.

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

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.