283,207 Shares in Aegon Ltd. (NYSE:AEG) Bought by Two Sigma Advisers LP

Two Sigma Advisers LP bought a new position in Aegon Ltd. (NYSE:AEG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 283,207 shares of the financial services provider's stock, valued at approximately $1,668,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Aegon by 5.8% in the 4th 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 period. Raymond James Financial Inc. purchased a new stake in shares of Aegon in the fourth quarter valued at $15,397,000. Northern Trust Corp boosted its position in shares of Aegon by 91.7% in the fourth 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 period. Marshall Wace LLP grew its holdings in shares of Aegon by 37.8% during the fourth quarter. Marshall Wace LLP now owns 1,410,756 shares of the financial services provider's stock valued at $8,309,000 after buying an additional 387,085 shares in the last quarter. Finally, 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 valued at $7,190,000 after buying an additional 1,023,116 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AEG has been the subject of a number of research reports. BNP Paribas Exane upgraded Aegon from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 7th. BNP Paribas raised shares of Aegon from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of Aegon from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th.

Aegon Stock Performance

Shares of NYSE:AEG traded up $0.07 during midday trading on Friday, hitting $7.20. 16,177,677 shares of the stock were exchanged, compared to its average volume of 5,640,696. The company has a market capitalization of $15.87 billion, a PE ratio of 7.50 and a beta of 0.91. Aegon Ltd. has a 52-week low of $5.42 and a 52-week high of $7.21. The business's fifty day simple moving average is $6.50 and its two-hundred day simple moving average is $6.36.

Aegon announced that its board has approved 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 typically a sign that the company's leadership believes its stock is undervalued.

Aegon Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 5.3%. This is an increase from Aegon's previous semi-annual dividend of $0.17. Aegon's dividend payout ratio is currently 34.38%.

About Aegon

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.