Ellevest Inc. Purchases 4,461 Shares of Aegon Ltd. (NYSE:AEG)

Ellevest Inc. increased its position in shares of Aegon Ltd. (NYSE:AEG) by 17.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,271 shares of the financial services provider’s stock after acquiring an additional 4,461 shares during the period. Ellevest Inc.’s holdings in Aegon were worth $153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEG. Advisor Group Holdings Inc. grew its position in Aegon by 218.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 40,768 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 27,947 shares during the last quarter. JPMorgan Chase & Co. grew its position in Aegon by 44.5% during the 1st quarter. JPMorgan Chase & Co. now owns 10,277 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 3,167 shares during the last quarter. American Century Companies Inc. grew its position in Aegon by 62.4% during the 1st quarter. American Century Companies Inc. now owns 431,303 shares of the financial services provider’s stock worth $2,282,000 after acquiring an additional 165,800 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Aegon by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,613,502 shares of the financial services provider’s stock worth $19,115,000 after acquiring an additional 233,687 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in Aegon during the 1st quarter worth $82,000. Institutional investors own 18.95% of the company’s stock.

Aegon Trading Up 2.8 %

NYSE AEG opened at $5.21 on Wednesday. The business’s 50-day moving average price is $4.87 and its two-hundred day moving average price is $4.92. Aegon Ltd. has a 12 month low of $4.02 and a 12 month high of $5.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.52.

Aegon (NYSE:AEG) last released its quarterly earnings results on Thursday, August 17th. The financial services provider reported ($0.16) EPS for the quarter. Sell-side analysts expect that Aegon Ltd. will post 0.27 earnings per share for the current year.

Aegon Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, August 30th were given a dividend of $0.1528 per share. This is a positive change from Aegon’s previous semi-annual dividend of $0.13. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a dividend yield of 4.7%.

Analyst Ratings Changes

Separately, StockNews.com lowered Aegon from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.50.

About Aegon

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, and mutual funds; mortgage loans; and individual retirement accounts, as well as stable value, investment management, and digital banking solutions.