Squarepoint Ops LLC Purchases 68,054 Shares of Aegon Ltd. (NYSE:AEG)

Squarepoint Ops LLC lifted its holdings in Aegon Ltd. (NYSE:AEG - Free Report) by 561.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,179 shares of the financial services provider's stock after purchasing an additional 68,054 shares during the quarter. Squarepoint Ops LLC's holdings in Aegon were worth $472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Aegon by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,413,607 shares of the financial services provider's stock worth $31,886,000 after purchasing an additional 298,679 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Aegon during the 4th quarter valued at $15,397,000. Northern Trust Corp boosted its stake in shares of Aegon by 91.7% in the 4th quarter. Northern Trust Corp now owns 1,419,940 shares of the financial services provider's stock worth $8,363,000 after buying an additional 679,126 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Aegon by 37.8% in the fourth quarter. Marshall Wace LLP now owns 1,410,756 shares of the financial services provider's stock worth $8,309,000 after acquiring an additional 387,085 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Aegon by 517.6% in 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 acquiring an additional 1,023,116 shares during the period. 4.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AEG shares. BNP Paribas Exane raised Aegon from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 7th. Berenberg Bank upgraded shares of Aegon to a "strong-buy" rating in a research note on Thursday, May 29th. Wall Street Zen lowered shares of Aegon from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, BNP Paribas raised shares of Aegon from a "hold" rating to an "outperform" rating in a report on Wednesday, May 7th. One investment 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.com, the stock has a consensus rating of "Buy".

Aegon Trading Up 1.0%

NYSE AEG traded up $0.07 on Friday, hitting $7.26. 9,939,900 shares of the company traded hands, compared to its average volume of 5,873,432. The business's 50 day moving average price is $6.55 and its 200-day moving average price is $6.39. Aegon Ltd. has a 52-week low of $5.42 and a 52-week high of $7.32. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 7.56 and a beta of 0.92.

Aegon Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 17th will be issued a $0.1992 dividend. This represents a yield of 5.3%. This is a positive change from Aegon's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Tuesday, June 17th. Aegon's dividend payout ratio is currently 34.38%.

Aegon declared that its Board of Directors has authorized a stock repurchase plan on Friday, May 16th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are 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.