Grace & White Inc. NY Cuts Position in Aegon Ltd. (NYSE:AEG)

Grace & White Inc. NY cut its stake in Aegon Ltd. (NYSE:AEG) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,646,899 shares of the financial services provider’s stock after selling 35,354 shares during the period. Aegon comprises approximately 1.7% of Grace & White Inc. NY’s portfolio, making the stock its 20th largest position. Grace & White Inc. NY’s holdings in Aegon were worth $9,486,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of Aegon by 144.8% during the third quarter. Allworth Financial LP now owns 8,201 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 4,851 shares in the last quarter. Optas LLC bought a new stake in shares of Aegon in the 4th quarter worth about $65,000. Advisor Resource Council bought a new position in Aegon during the 4th quarter valued at about $69,000. Blue Trust Inc. grew its stake in Aegon by 580.7% in the 4th quarter. Blue Trust Inc. now owns 12,069 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 10,296 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Aegon in the 3rd quarter worth approximately $58,000. 4.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Aegon from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th.

Aegon Stock Performance

Shares of AEG traded up $0.13 during trading on Tuesday, reaching $6.19. 3,317,043 shares of the company traded hands, compared to its average volume of 2,297,188. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a 50-day simple moving average of $5.89 and a 200-day simple moving average of $5.60. Aegon Ltd. has a twelve month low of $4.22 and a twelve month high of $6.38.

Aegon Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 8th. Shareholders of record on Monday, June 17th will be paid a $0.1734 dividend. This is a boost from Aegon’s previous semi-annual dividend of $0.15. This represents a yield of 4.9%. The ex-dividend date of this dividend is Monday, June 17th.

About Aegon

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, and mutual funds; mortgage loans; and individual retirement accounts, as well as stable value, investment management, and digital banking solutions.