Aegon Ltd. (NYSE:AEG - Get Free Report)'s stock price dropped 2.6% during trading on Thursday . The stock traded as low as $6.01 and last traded at $6.03. Approximately 409,360 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 2,073,541 shares. The stock had previously closed at $6.19.
Aegon Trading Down 4.0 %
The firm has a market cap of $15.79 billion, a price-to-earnings ratio of 6.26 and a beta of 1.15. The company's 50 day simple moving average is $5.87 and its 200 day simple moving average is $5.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.08 and a quick ratio of 0.08.
Aegon Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 8th. Stockholders of record on Monday, June 17th will be given a dividend of $0.1734 per share. This is a boost from Aegon's previous semi-annual dividend of $0.15. This represents a dividend yield of 4.9%. The ex-dividend date is Monday, June 17th. Aegon's payout ratio is 27.37%.
Institutional Investors Weigh In On Aegon
Several institutional investors have recently modified their holdings of AEG. Wellington Management Group LLP purchased a new stake in shares of Aegon during the 1st quarter worth $117,160,000. Dimensional Fund Advisors LP purchased a new stake in shares of Aegon during the 4th quarter worth $25,961,000. Point72 Europe London LLP purchased a new stake in Aegon in the fourth quarter valued at $4,118,000. BlackRock Inc. lifted its position in Aegon by 14.5% in the third quarter. BlackRock Inc. now owns 5,503,613 shares of the financial services provider's stock valued at $21,794,000 after acquiring an additional 697,389 shares during the last quarter. Finally, Brandes Investment Partners LP lifted its position in Aegon by 45.5% in the fourth quarter. Brandes Investment Partners LP now owns 1,922,545 shares of the financial services provider's stock valued at $11,074,000 after acquiring an additional 601,003 shares during the last quarter. 4.32% of the stock is owned by hedge funds and other institutional investors.
About Aegon
(
Get Free Report)
Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, and mutual funds; mortgage loans; and individual retirement accounts, as well as stable value, investment management, and digital banking solutions.
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