Commonwealth Equity Services LLC Has $263,000 Stock Holdings in Aegon Ltd. (NYSE:AEG)

Commonwealth Equity Services LLC lowered its holdings in shares of Aegon Ltd. (NYSE:AEG) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,952 shares of the financial services provider’s stock after selling 1,636 shares during the period. Commonwealth Equity Services LLC’s holdings in Aegon were worth $263,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. First Hawaiian Bank acquired a new stake in shares of Aegon during the 1st quarter worth approximately $929,000. Goldman Sachs Group Inc. grew its holdings in Aegon by 10.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,140,423 shares of the financial services provider’s stock worth $23,849,000 after purchasing an additional 389,582 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Aegon during the fourth quarter valued at about $25,961,000. BNP Paribas Financial Markets acquired a new position in shares of Aegon during the first quarter valued at about $1,600,000. Finally, Point72 Europe London LLP bought a new position in shares of Aegon during the 4th quarter worth about $4,118,000. 4.32% of the stock is currently owned by institutional investors.

Aegon Price Performance

Shares of AEG opened at $6.38 on Wednesday. The business’s fifty day moving average is $6.15 and its 200 day moving average is $6.21. Aegon Ltd. has a 12-month low of $4.63 and a 12-month high of $6.96. The company has a quick ratio of 0.08, a current ratio of 0.07 and a debt-to-equity ratio of 0.52. The stock has a market cap of $14.06 billion, a P/E ratio of 6.93 and a beta of 1.07.

Aegon Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be paid a $0.1723 dividend. This represents a dividend yield of 4.9%. The ex-dividend date is Thursday, September 5th. Aegon’s dividend payout ratio (DPR) is 32.61%.

Analysts Set New Price Targets

Separately, UBS Group downgraded Aegon from a “buy” rating to a “neutral” rating in a research note 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.