Raymond James & Associates increased its holdings in Aegon Ltd. (NYSE:AEG - Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,517,071 shares of the financial services provider's stock after acquiring an additional 136,208 shares during the period. Raymond James & Associates owned about 0.11% of Aegon worth $16,084,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AEG. Dimensional Fund Advisors LP lifted its stake in Aegon by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,920,536 shares of the financial services provider's stock valued at $30,163,000 after purchasing an additional 394,114 shares during the last quarter. Dorsey Wright & Associates purchased a new stake in Aegon in the 2nd quarter worth about $2,228,000. Employees Retirement System of Texas bought a new position in Aegon during the second quarter worth about $1,980,000. BNP Paribas Financial Markets purchased a new position in shares of Aegon in the first quarter worth about $1,600,000. Finally, Choreo LLC raised its position in shares of Aegon by 876.6% in the second quarter. Choreo LLC now owns 104,363 shares of the financial services provider's stock valued at $653,000 after purchasing an additional 93,677 shares during the period. 4.32% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, UBS Group raised shares of Aegon from a "neutral" rating to a "buy" rating in a report on Tuesday, October 22nd.
Get Our Latest Stock Analysis on Aegon
Aegon Price Performance
AEG stock traded down $0.09 during mid-day trading on Friday, reaching $6.35. 2,868,884 shares of the company traded hands, compared to its average volume of 2,373,060. The company has a fifty day moving average price of $6.20 and a 200-day moving average price of $6.26. Aegon Ltd. has a 52-week low of $4.69 and a 52-week high of $6.96. The company has a market capitalization of $14.00 billion, a P/E ratio of 6.98 and a beta of 1.07.
Aegon Cuts Dividend
The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were paid a $0.1723 dividend. This represents a yield of 4.9%. The ex-dividend date was Thursday, September 5th. Aegon's dividend payout ratio is presently 32.97%.
Aegon Company Profile
(
Free Report)
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.
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