Stifel Financial Corp Sells 49,002 Shares of Aegon Ltd. (NYSE:AEG)

Stifel Financial Corp reduced its stake in Aegon Ltd. (NYSE:AEG - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 366,490 shares of the financial services provider's stock after selling 49,002 shares during the quarter. Stifel Financial Corp's holdings in Aegon were worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AEG. NewEdge Advisors LLC boosted its holdings in Aegon by 1,136.2% in the fourth quarter. NewEdge Advisors LLC now owns 4,846 shares of the financial services provider's stock worth $29,000 after acquiring an additional 4,454 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Aegon in the 3rd quarter worth about $48,000. Smartleaf Asset Management LLC boosted its stake in Aegon by 70.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,184 shares of the financial services provider's stock worth $54,000 after purchasing an additional 3,802 shares in the last quarter. Alliance Wealth Advisors LLC UT purchased a new stake in Aegon during the 4th quarter valued at about $68,000. Finally, GeoWealth Management LLC increased its stake in Aegon by 56.8% during the 4th quarter. GeoWealth Management LLC now owns 13,036 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 4,721 shares in the last quarter. 4.32% of the stock is owned by institutional investors.

Aegon Trading Up 2.2 %

Shares of AEG opened at $6.58 on Monday. Aegon Ltd. has a 12 month low of $5.42 and a 12 month high of $6.96. The business's fifty day simple moving average is $6.29 and its two-hundred day simple moving average is $6.30. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 6.85 and a beta of 0.84.

Aegon Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Aegon from a "hold" rating to a "buy" rating in a research note on Monday, March 31st.

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.

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