Rhumbline Advisers Acquires 4,199 Shares of Aegon Ltd. (NYSE:AEG)

Rhumbline Advisers grew its holdings in shares of Aegon Ltd. (NYSE:AEG) by 4.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,494 shares of the financial services provider’s stock after buying an additional 4,199 shares during the period. Rhumbline Advisers’ holdings in Aegon were worth $604,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Verus Capital Partners LLC bought a new stake in Aegon during the 2nd quarter valued at $61,000. Claro Advisors LLC acquired a new position in shares of Aegon during the second quarter valued at about $179,000. Rothschild Investment LLC bought a new stake in shares of Aegon during the second quarter worth about $71,000. Signaturefd LLC raised its holdings in shares of Aegon by 5.9% in the 2nd quarter. Signaturefd LLC now owns 134,175 shares of the financial services provider’s stock worth $822,000 after acquiring an additional 7,472 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Aegon by 17,509.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 16,377 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 16,284 shares in the last quarter. Institutional investors and hedge funds own 4.32% of the company’s stock.

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 Stock Up 1.9 %

AEG opened at $6.38 on Wednesday. Aegon Ltd. has a twelve month low of $4.63 and a twelve month high of $6.96. The company’s 50-day moving average price is $6.15 and its two-hundred day moving average price is $6.21. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 6.93 and a beta of 1.07. The company has a quick ratio of 0.08, a current ratio of 0.07 and a debt-to-equity ratio of 0.52.

Aegon Cuts Dividend

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

Aegon Company 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.