Ethic Inc. Sells 12,141 Shares of Aegon Ltd. (NYSE:AEG)

Ethic Inc. decreased its holdings in Aegon Ltd. (NYSE:AEG) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 336,455 shares of the financial services provider’s stock after selling 12,141 shares during the quarter. Ethic Inc.’s holdings in Aegon were worth $1,982,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AEG. Hennion & Walsh Asset Management Inc. boosted its holdings in Aegon by 51.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 202,259 shares of the financial services provider’s stock worth $1,191,000 after purchasing an additional 68,310 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of Aegon by 19.8% during the 4th quarter. Diversify Wealth Management LLC now owns 109,220 shares of the financial services provider’s stock valued at $649,000 after buying an additional 18,084 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Aegon by 1.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 126,041 shares of the financial services provider’s stock worth $742,000 after buying an additional 2,094 shares during the last quarter. OLIO Financial Planning bought a new stake in shares of Aegon in the fourth quarter worth $496,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Aegon by 46.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,329 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 6,733 shares during the last quarter. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Analyst Ratings Changes

AEG has been the topic of several research reports. BNP Paribas raised Aegon from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 7th. StockNews.com raised shares of Aegon from a “hold” rating to a “buy” rating in a report on Monday, March 31st. Finally, BNP Paribas Exane raised shares of Aegon from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 7th.

Aegon Stock Performance

AEG stock opened at $6.76 on Tuesday. The company’s fifty day moving average price is $6.34 and its 200-day moving average price is $6.31. Aegon Ltd. has a one year low of $5.42 and a one year high of $6.96. The company has a market capitalization of $14.89 billion, a PE ratio of 7.04 and a beta of 0.91.

Aegon Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 17th will be paid a $0.1992 dividend. This is a boost 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 presently 34.38%.

About Aegon

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.