Millennium Management LLC lowered its stake in Aegon Ltd. (NYSE:AEG – Free Report) by 35.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,709 shares of the financial services provider’s stock after selling 285,922 shares during the period. Millennium Management LLC’s holdings in Aegon were worth $3,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of AEG. Graham Capital Management L.P. purchased a new position in shares of Aegon in the 4th quarter valued at about $197,000. Focus Partners Wealth grew its stake in Aegon by 344.6% during the 4th quarter. Focus Partners Wealth now owns 69,850 shares of the financial services provider’s stock worth $411,000 after buying an additional 54,139 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Aegon during the 4th quarter worth approximately $4,733,000. Cary Street Partners Financial LLC purchased a new position in Aegon during the 4th quarter worth approximately $207,000. Finally, BNP Paribas Financial Markets grew its stake in Aegon by 517.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,220,786 shares of the financial services provider’s stock worth $7,190,000 after buying an additional 1,023,116 shares during the last quarter. Institutional investors and hedge funds own 4.32% of the company’s stock.
Aegon Price Performance
Aegon stock opened at $7.20 on Friday. The stock’s 50 day moving average price is $6.50 and its 200 day moving average price is $6.36. Aegon Ltd. has a 1-year low of $5.42 and a 1-year high of $7.21. The company has a market cap of $15.87 billion, a PE ratio of 7.50 and a beta of 0.91.
Aegon announced that its board has approved a share repurchase plan on Friday, May 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
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 issued a $0.1992 dividend. The ex-dividend date is Tuesday, June 17th. This represents a 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%.
Analysts Set New Price Targets
Several research analysts have weighed in on AEG shares. BNP Paribas Exane upgraded Aegon from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 7th. BNP Paribas upgraded Aegon from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded Aegon from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th.
Read Our Latest Stock Report on AEG
Aegon Company Profile
(Free Report)
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.
See Also
Want to see what other hedge funds are holding AEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aegon Ltd. (NYSE:AEG – Free Report).
Receive News & Ratings for Aegon Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Aegon and related companies with MarketBeat.com’s FREE daily email newsletter.
