33,454 Shares in Aegon Ltd. (NYSE:AEG) Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new stake in shares of Aegon Ltd. (NYSE:AEG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 33,454 shares of the financial services provider’s stock, valued at approximately $197,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in shares of Aegon by 1,136.2% during the 4th 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 during the last quarter. Smartleaf Asset Management LLC raised its holdings 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 during the period. Alliance Wealth Advisors LLC UT purchased a new position in Aegon during the fourth quarter valued at $68,000. GeoWealth Management LLC grew its holdings in Aegon by 56.8% during the fourth 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 during the period. Finally, FourThought Financial Partners LLC bought a new stake in Aegon during the fourth quarter valued at about $79,000. 4.32% of the stock is owned by hedge funds and other institutional investors.

Aegon Stock Performance

Shares of AEG stock opened at $6.92 on Monday. The stock has a fifty day simple moving average of $6.40 and a two-hundred day simple moving average of $6.33. The firm has a market capitalization of $15.24 billion, a PE ratio of 7.20 and a beta of 0.91. Aegon Ltd. has a 52-week low of $5.42 and a 52-week high of $6.99.

Aegon declared that its board has approved a share buyback program on Friday, May 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management 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. Investors of record on Tuesday, June 17th will be given a dividend of $0.1992 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 5.3%. This is a boost from Aegon’s previous semi-annual dividend of $0.17. Aegon’s dividend payout ratio (DPR) is currently 34.38%.

Analyst Upgrades and Downgrades

AEG has been the topic of several recent research reports. BNP Paribas raised Aegon from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 7th. StockNews.com cut shares of Aegon from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Finally, BNP Paribas Exane upgraded shares of Aegon from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 7th.

Aegon Company 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.