Arrowpoint Investment Partners Singapore Pte. Ltd. Acquires Shares of 277,586 Aegon Ltd. (NYSE:AEG)

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in Aegon Ltd. (NYSE:AEG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 277,586 shares of the financial services provider’s stock, valued at approximately $1,635,000. Aegon accounts for 0.3% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s portfolio, making the stock its 24th largest position.

Several other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its stake in shares of Aegon by 1.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 145,663 shares of the financial services provider’s stock valued at $858,000 after buying an additional 1,779 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Aegon by 1.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 126,041 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 2,094 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Aegon by 13.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 17,757 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 2,142 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Aegon by 12.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 20,015 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 2,170 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Aegon by 3.0% in the 4th quarter. Russell Investments Group Ltd. now owns 76,168 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 2,241 shares in the last quarter. Institutional investors and hedge funds own 4.32% of the company’s stock.

Aegon Price Performance

Shares of NYSE AEG opened at $7.02 on Wednesday. The firm’s 50-day moving average is $6.43 and its two-hundred day moving average is $6.34. The company has a market capitalization of $15.48 billion, a PE ratio of 7.31 and a beta of 0.91. Aegon Ltd. has a 12-month low of $5.42 and a 12-month high of $7.09.

Aegon Increases Dividend

The business also recently disclosed 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. 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 currently 34.38%.

Aegon announced that its board has initiated a share repurchase plan on Friday, May 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

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.