Versant Capital Management Inc Buys 40,080 Shares of Aegon Ltd. (NYSE:AEG)

Versant Capital Management Inc raised its stake in shares of Aegon Ltd. (NYSE:AEG - Free Report) by 17,502.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,309 shares of the financial services provider's stock after purchasing an additional 40,080 shares during the quarter. Versant Capital Management Inc's holdings in Aegon were worth $266,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Alliance Wealth Advisors LLC UT bought a new stake in shares of Aegon during the 4th quarter valued at $68,000. Wealthstar Advisors LLC purchased a new position in Aegon during the 4th quarter valued at about $601,000. Savant Capital LLC boosted its stake in Aegon by 6.4% during the fourth quarter. Savant Capital LLC now owns 37,744 shares of the financial services provider's stock worth $222,000 after acquiring an additional 2,275 shares in the last quarter. ABC Arbitrage SA purchased a new stake in Aegon in the fourth quarter worth about $3,394,000. Finally, FourThought Financial Partners LLC bought a new position in shares of Aegon during the fourth quarter valued at approximately $79,000. 4.32% of the stock is owned by institutional investors.

Aegon Price Performance

AEG stock traded up $0.13 during trading on Monday, hitting $7.32. 17,022,904 shares of the stock traded hands, compared to its average volume of 5,685,782. The firm's 50 day moving average is $6.50 and its two-hundred day moving average is $6.36. The stock has a market cap of $16.13 billion, a price-to-earnings ratio of 7.62 and a beta of 0.91. Aegon Ltd. has a 1 year low of $5.42 and a 1 year high of $7.33.

Aegon declared that its Board of Directors has authorized a share buyback program on Friday, May 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are 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 paid a dividend of $0.1992 per share. This represents a yield of 5.3%. This is an increase from Aegon's previous semi-annual dividend of $0.17. The ex-dividend date is Tuesday, June 17th. Aegon's dividend payout ratio (DPR) is currently 34.38%.

Wall Street Analysts Forecast Growth

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

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.