First Trust Advisors LP Makes New $518,000 Investment in Aegon Ltd. (NYSE:AEG)

First Trust Advisors LP bought a new position in Aegon Ltd. (NYSE:AEG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 87,979 shares of the financial services provider's stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEG. Wilmington Savings Fund Society FSB purchased a new position in shares of Aegon in the 3rd quarter worth $48,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Aegon by 51.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 202,259 shares of the financial services provider's stock valued at $1,191,000 after acquiring an additional 68,310 shares during the last quarter. Diversify Wealth Management LLC grew its position in Aegon by 19.8% in the fourth quarter. Diversify Wealth Management LLC now owns 109,220 shares of the financial services provider's stock worth $649,000 after acquiring an additional 18,084 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Aegon by 1.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 126,041 shares of the financial services provider's stock worth $742,000 after acquiring an additional 2,094 shares in the last quarter. Finally, OLIO Financial Planning bought a new stake in Aegon during the fourth quarter worth approximately $496,000. 4.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Aegon Trading Up 1.8%

Shares of AEG stock traded up $0.13 during trading hours on Thursday, reaching $6.95. 5,661,927 shares of the stock were exchanged, compared to its average volume of 5,168,142. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 7.22 and a beta of 0.91. Aegon Ltd. has a 12-month low of $5.42 and a 12-month high of $6.96. The company's 50-day moving average price is $6.36 and its 200-day moving average price is $6.32.

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 given a dividend of $0.1992 per share. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 17th. This is a positive change from Aegon's previous semi-annual dividend of $0.17. Aegon's payout ratio is 34.38%.

About Aegon

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.