Versant Capital Management Inc Has $266,000 Stock Holdings in Aegon Ltd. (NYSE:AEG)

Versant Capital Management Inc boosted its holdings in shares of Aegon Ltd. (NYSE:AEG - Free Report) by 17,502.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,309 shares of the financial services provider's stock after buying an additional 40,080 shares during the period. Versant Capital Management Inc's holdings in Aegon were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Wealthstar Advisors LLC acquired a new position in shares of Aegon in the 4th quarter valued at about $601,000. OLD Mission Capital LLC grew its position in Aegon by 450.5% during 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 purchasing an additional 841,863 shares in the last quarter. Savant Capital LLC increased its stake in Aegon by 6.4% in the 4th quarter. Savant Capital LLC now owns 37,744 shares of the financial services provider's stock valued at $222,000 after buying an additional 2,275 shares during the period. Raymond James Financial Inc. acquired a new position in Aegon in the 4th quarter valued at approximately $15,397,000. Finally, ABC Arbitrage SA purchased a new stake in Aegon in the 4th quarter worth approximately $3,394,000. 4.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Aegon Stock Down 0.8%

AEG stock traded down $0.06 during trading hours on Wednesday, hitting $7.15. The company's stock had a trading volume of 6,798,086 shares, compared to its average volume of 5,737,151. The stock has a 50 day moving average price of $6.52 and a two-hundred day moving average price of $6.38. Aegon Ltd. has a 12 month low of $5.42 and a 12 month high of $7.32. The company has a market capitalization of $15.76 billion, a PE ratio of 7.45 and a beta of 0.91.

Aegon Increases Dividend

The firm 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 is a boost from Aegon's previous semi-annual dividend of $0.17. This represents a yield of 5.3%. Aegon's dividend payout ratio is currently 34.38%.

Aegon announced that its board has initiated a stock repurchase program on Friday, May 16th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication 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.