Cubist Systematic Strategies LLC Takes Position in Aegon Ltd. (NYSE:AEG)

Cubist Systematic Strategies LLC bought a new position in Aegon Ltd. (NYSE:AEG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 803,580 shares of the financial services provider’s stock, valued at approximately $4,733,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Aegon by 1.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 145,663 shares of the financial services provider’s stock worth $858,000 after acquiring an additional 1,779 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Aegon by 1.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 126,041 shares of the financial services provider’s stock valued at $742,000 after purchasing an additional 2,094 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Aegon by 13.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 17,757 shares of the financial services provider’s stock worth $105,000 after buying an additional 2,142 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Aegon by 12.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 20,015 shares of the financial services provider’s stock worth $118,000 after buying an additional 2,170 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Aegon by 3.0% during the 4th quarter. Russell Investments Group Ltd. now owns 76,168 shares of the financial services provider’s stock valued at $449,000 after buying an additional 2,241 shares in the last quarter. 4.32% of the stock is owned by institutional investors.

Aegon Price Performance

Aegon stock opened at $6.71 on Friday. The firm has a market capitalization of $14.79 billion, a P/E ratio of 6.99 and a beta of 0.91. Aegon Ltd. has a 1-year low of $5.42 and a 1-year high of $6.96. The company’s 50-day moving average is $6.34 and its 200 day moving average is $6.31.

Aegon Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.1992 per share. This is a positive change from Aegon’s previous semi-annual dividend of $0.17. This represents a dividend yield of 5.3%. The ex-dividend date is Tuesday, June 17th. Aegon’s dividend payout ratio (DPR) is currently 34.38%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BNP Paribas Exane raised Aegon from a “neutral” rating to an “outperform” rating in a research note on Wednesday. BNP Paribas raised Aegon from a “hold” rating to an “outperform” rating in a research report on Wednesday. Finally, StockNews.com upgraded Aegon from a “hold” rating to a “buy” rating in a research report 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.