Bank of New York Mellon Corp Raises Holdings in Aegon Ltd. (NYSE:AEG)

Bank of New York Mellon Corp grew its holdings in Aegon Ltd. (NYSE:AEG) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,083 shares of the financial services provider’s stock after purchasing an additional 10,700 shares during the quarter. Bank of New York Mellon Corp’s holdings in Aegon were worth $742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highland Capital Management LLC acquired a new position in shares of Aegon in the 2nd quarter valued at $405,000. Hennion & Walsh Asset Management Inc. raised its holdings in Aegon by 110.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 115,378 shares of the financial services provider’s stock worth $707,000 after purchasing an additional 60,605 shares in the last quarter. Blue Trust Inc. boosted its stake in Aegon by 513.6% in the second quarter. Blue Trust Inc. now owns 24,434 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 20,452 shares in the last quarter. CWM LLC increased its position in Aegon by 83.6% during the second quarter. CWM LLC now owns 5,725 shares of the financial services provider’s stock worth $35,000 after buying an additional 2,606 shares during the period. Finally, Fulton Bank N.A. grew its position in Aegon by 110.3% during the 2nd quarter. Fulton Bank N.A. now owns 67,451 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 35,372 shares during the last quarter. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Aegon Stock Down 0.6 %

AEG opened at $6.24 on Monday. Aegon Ltd. has a one year low of $4.63 and a one year high of $6.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.08 and a current ratio of 0.07. The business’s fifty day moving average is $6.15 and its two-hundred day moving average is $6.21. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 6.78 and a beta of 1.07.

Aegon Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be given a dividend of $0.1723 per share. This represents a yield of 4.9%. The ex-dividend date of this dividend is Thursday, September 5th. Aegon’s dividend payout ratio is presently 32.61%.

Analyst Ratings Changes

Separately, UBS Group downgraded shares of Aegon from a “buy” rating to a “neutral” rating in a report on Tuesday, May 28th.

Aegon Profile

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.