Wellington Management Group LLP Lowers Position in Aegon Ltd. (NYSE:AEG)

Wellington Management Group LLP reduced its holdings in Aegon Ltd. (NYSE:AEG - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 about 0.19% of Aegon worth $24,847,000 at the end of the most recent quarter.

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

Aegon Stock Down 1.0%

Aegon stock traded down $0.07 during midday trading on Wednesday, hitting $7.14. 11,736,831 shares of the stock were exchanged, compared to its average volume of 5,773,398. Aegon Ltd. has a 52-week low of $5.42 and a 52-week high of $7.32. The business's 50-day moving average price is $6.53 and its 200-day moving average price is $6.38. The stock has a market capitalization of $15.74 billion, a price-to-earnings ratio of 7.44 and a beta of 0.91.

Aegon announced that its Board of Directors has initiated a share repurchase program on Friday, May 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Aegon Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 17th will be paid 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 a positive change from Aegon's previous semi-annual dividend of $0.17. Aegon's dividend payout ratio (DPR) is presently 34.38%.

Wall Street Analyst Weigh In

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

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.