Aegon Ltd. (NYSE:AEG) Shares Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC grew its holdings in Aegon Ltd. (NYSE:AEG - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,895,842 shares of the financial services provider's stock after purchasing an additional 409,694 shares during the period. Voloridge Investment Management LLC owned approximately 0.09% of Aegon worth $11,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of AEG. Raymond James Financial Inc. acquired a new position in Aegon during the 4th quarter worth about $15,397,000. BNP Paribas Financial Markets lifted its stake in Aegon by 517.6% during the 4th 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 in the last quarter. OLD Mission Capital LLC lifted its stake in Aegon by 450.5% during the 4th quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider's stock worth $6,059,000 after acquiring an additional 841,863 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Aegon during the 4th quarter worth about $4,733,000. Finally, Northern Trust Corp lifted its stake in Aegon by 91.7% during the 4th quarter. Northern Trust Corp now owns 1,419,940 shares of the financial services provider's stock worth $8,363,000 after acquiring an additional 679,126 shares in the last quarter. Institutional investors and hedge funds own 4.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Aegon from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. BNP Paribas Exane raised Aegon from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 7th. Finally, BNP Paribas raised Aegon from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 7th.

Aegon Stock Performance

AEG stock traded up $0.03 during mid-day trading on Friday, reaching $7.16. The company had a trading volume of 6,970,932 shares, compared to its average volume of 5,582,766. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 7.46 and a beta of 0.91. The firm has a fifty day simple moving average of $6.49 and a 200 day simple moving average of $6.36. Aegon Ltd. has a fifty-two week low of $5.42 and a fifty-two week high of $7.20.

Aegon declared that its Board of Directors has authorized a stock repurchase plan on Friday, May 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

Aegon Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.1992 per share. This represents a dividend yield of 5.3%. The ex-dividend date is Tuesday, June 17th. This is a positive change from Aegon's previous semi-annual dividend of $0.17. Aegon's dividend payout ratio (DPR) is 34.38%.

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.