Point72 Asset Management L.P. Has $2.23 Million Stock Holdings in Aegon Ltd. (NYSE:AEG)

Point72 Asset Management L.P. raised its stake in shares of Aegon Ltd. (NYSE:AEG) by 1,578.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 378,200 shares of the financial services provider’s stock after purchasing an additional 355,671 shares during the period. Point72 Asset Management L.P.’s holdings in Aegon were worth $2,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC grew its holdings in Aegon by 1.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 145,663 shares of the financial services provider’s stock valued at $858,000 after purchasing an additional 1,779 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Aegon by 1.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 126,041 shares of the financial services provider’s stock valued at $742,000 after acquiring an additional 2,094 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in shares of Aegon by 13.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 17,757 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 2,142 shares during the period. Orion Portfolio Solutions LLC boosted its position in shares of Aegon by 12.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 20,015 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 2,170 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Aegon by 3.0% in the fourth quarter. Russell Investments Group Ltd. now owns 76,168 shares of the financial services provider’s stock valued at $449,000 after acquiring an additional 2,241 shares during the period. Institutional investors and hedge funds own 4.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AEG shares. BNP Paribas raised Aegon from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 7th. StockNews.com cut Aegon from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Finally, BNP Paribas Exane raised Aegon from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 7th.

Aegon Trading Up 0.1%

AEG opened at $7.02 on Wednesday. The stock has a market capitalization of $15.48 billion, a price-to-earnings ratio of 7.31 and a beta of 0.91. Aegon Ltd. has a 1-year low of $5.42 and a 1-year high of $7.09. The business has a 50 day moving average of $6.43 and a 200-day moving average of $6.34.

Aegon Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 17th will be given a $0.1992 dividend. This is a boost from Aegon’s previous semi-annual dividend of $0.17. This represents a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 17th. Aegon’s dividend payout ratio (DPR) is 34.38%.

Aegon declared that its Board of Directors has approved a stock repurchase program on Friday, May 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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.