Shares of Aegon Ltd. (NYSE:AEG - Get Free Report) saw an uptick in trading volume on Monday . 12,333,347 shares were traded during trading, an increase of 145% from the previous session's volume of 5,024,754 shares.The stock last traded at $6.75 and had previously closed at $6.71.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of Aegon from a "buy" rating to a "hold" rating in a research report on Tuesday. BNP Paribas Exane upgraded shares of Aegon from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 7th. Finally, BNP Paribas raised Aegon from a "hold" rating to an "outperform" rating in a report on Wednesday, May 7th.
Get Our Latest Analysis on Aegon
Aegon Stock Down 0.8%
The company has a 50 day moving average of $6.40 and a two-hundred day moving average of $6.33. The firm has a market cap of $15.24 billion, a P/E ratio of 7.20 and a beta of 0.91.
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 issued a $0.1992 dividend. This is an increase 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 payout ratio is presently 34.38%.
Aegon announced that its Board of Directors has authorized a share buyback program on Friday, May 16th that allows the company to buyback 0 shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Aegon by 5.8% during the 4th 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 in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Aegon by 13.8% during the first quarter. Wellington Management Group LLP now owns 4,801,133 shares of the financial services provider's stock valued at $31,639,000 after purchasing an additional 582,622 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Aegon by 0.8% in the 1st quarter. Raymond James Financial Inc. now owns 2,634,059 shares of the financial services provider's stock valued at $17,358,000 after purchasing an additional 20,015 shares during the period. Voloridge Investment Management LLC increased its stake in Aegon by 27.6% in the 4th quarter. Voloridge Investment Management LLC now owns 1,895,842 shares of the financial services provider's stock worth $11,167,000 after purchasing an additional 409,694 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Aegon by 2.3% during the 1st quarter. Northern Trust Corp now owns 1,452,121 shares of the financial services provider's stock worth $9,569,000 after buying an additional 32,181 shares during the period. Institutional investors and hedge funds own 4.32% of the company's stock.
Aegon Company Profile
(
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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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