Wellington Management Group LLP Decreases Holdings in Aegon Ltd. (NYSE:AEG)

Wellington Management Group LLP trimmed its stake in shares of Aegon Ltd. (NYSE:AEG - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,218,511 shares of the financial services provider's stock after selling 266,280 shares during the quarter. Wellington Management Group LLP owned 0.19% of Aegon worth $24,847,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Forum Financial Management LP lifted its holdings in shares of Aegon by 40.8% in the fourth quarter. Forum Financial Management LP now owns 19,189 shares of the financial services provider's stock worth $113,000 after buying an additional 5,557 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in Aegon during the 4th quarter worth approximately $1,635,000. Voloridge Investment Management LLC increased its holdings in Aegon by 27.6% during the 4th quarter. Voloridge Investment Management LLC now owns 1,895,842 shares of the financial services provider's stock worth $11,167,000 after acquiring an additional 409,694 shares during the period. Waverly Advisors LLC purchased a new stake in shares of Aegon in the fourth quarter worth $65,000. Finally, Squarepoint Ops LLC boosted its position in shares of Aegon by 561.3% during the 4th quarter. Squarepoint Ops LLC now owns 80,179 shares of the financial services provider's stock valued at $472,000 after acquiring an additional 68,054 shares during the last quarter. Hedge funds and other institutional investors own 4.32% of the company's stock.

Aegon Trading Down 0.8%

NYSE:AEG traded down $0.06 during trading hours on Wednesday, reaching $7.15. 6,384,047 shares of the company traded hands, compared to its average volume of 5,735,717. Aegon Ltd. has a 1 year low of $5.42 and a 1 year high of $7.32. The business's 50-day moving average price is $6.52 and its two-hundred day moving average price is $6.38. The stock has a market capitalization of $15.76 billion, a P/E ratio of 7.45 and a beta of 0.91.

Aegon announced that its board has approved a stock repurchase plan on Friday, May 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

Aegon Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AEG shares. BNP Paribas upgraded Aegon from a "hold" rating to an "outperform" rating in a report on Wednesday, May 7th. BNP Paribas Exane upgraded shares of Aegon from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen cut Aegon from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th.

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.