AdvisorShares Investments LLC Lowers Stake in Aegon Ltd. (NYSE:AEG)

AdvisorShares Investments LLC lessened its holdings in Aegon Ltd. (NYSE:AEG) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,715 shares of the financial services provider’s stock after selling 10,390 shares during the quarter. AdvisorShares Investments LLC’s holdings in Aegon were worth $417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Northern Trust Corp grew its stake in shares of Aegon by 91.7% in the 4th quarter. Northern Trust Corp now owns 1,419,940 shares of the financial services provider’s stock worth $8,363,000 after buying an additional 679,126 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Aegon by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,413,607 shares of the financial services provider’s stock worth $31,886,000 after acquiring an additional 298,679 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Aegon during the fourth quarter valued at $518,000. Forum Financial Management LP raised its position in shares of Aegon by 40.8% in the 4th quarter. Forum Financial Management LP now owns 19,189 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 5,557 shares during the last quarter. Finally, GeoWealth Management LLC boosted its stake in Aegon by 56.8% in the 4th quarter. GeoWealth Management LLC now owns 13,036 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 4,721 shares in the last quarter. Institutional investors own 4.32% of the company’s stock.

Aegon Trading Down 0.2 %

AEG stock opened at $6.52 on Wednesday. The stock has a market capitalization of $14.37 billion, a PE ratio of 6.79 and a beta of 0.84. The stock’s 50 day simple moving average is $6.27 and its 200 day simple moving average is $6.30. Aegon Ltd. has a 12-month low of $5.42 and a 12-month high of $6.96.

Aegon Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 17th will be paid a $0.1992 dividend. 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. This represents a dividend yield of 5.3%. Aegon’s payout ratio is currently 34.38%.

Analysts Set New Price Targets

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.