Jackson Square Capital LLC Buys New Stake in Aegon Ltd. (NYSE:AEG)

Jackson Square Capital LLC bought a new stake in shares of Aegon Ltd. (NYSE:AEG) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 47,404 shares of the financial services provider’s stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AEG. Savant Capital LLC grew its stake in shares of Aegon by 6.4% during the fourth quarter. Savant Capital LLC now owns 37,744 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 2,275 shares in the last quarter. OLD Mission Capital LLC raised its stake in shares of Aegon by 450.5% in the 4th quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider’s stock valued at $6,059,000 after purchasing an additional 841,863 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Aegon in the 4th quarter valued at about $15,397,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Aegon by 25.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 254,433 shares of the financial services provider’s stock valued at $1,677,000 after purchasing an additional 52,174 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Aegon during the fourth quarter worth about $645,000. Institutional investors and hedge funds own 4.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Aegon from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Berenberg Bank upgraded shares of Aegon to a “strong-buy” rating in a research report on Thursday, May 29th. BNP Paribas Exane upgraded shares of Aegon from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 7th. Finally, BNP Paribas upgraded shares of Aegon from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Aegon Price Performance

Aegon stock opened at $6.93 on Friday. The firm has a 50 day simple moving average of $6.64 and a 200-day simple moving average of $6.42. The stock has a market capitalization of $15.27 billion, a PE ratio of 7.21 and a beta of 0.92. Aegon Ltd. has a 12-month low of $5.42 and a 12-month high of $7.32.

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 dividend of $0.1992 per share. This represents a yield of 5.3%. This is a boost from Aegon’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Tuesday, June 17th. Aegon’s dividend payout ratio (DPR) 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.

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.