AdvisorShares Investments LLC Takes $540,000 Position in Aegon Ltd. (NYSE:AEG)

AdvisorShares Investments LLC bought a new stake in Aegon Ltd. (NYSE:AEG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 86,300 shares of the financial services provider’s stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEG. Oppenheimer & Co. Inc. increased its position in Aegon by 12.6% in the first quarter. Oppenheimer & Co. Inc. now owns 15,301 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 1,717 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Aegon by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 91,827 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 1,849 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Aegon by 10.1% in the first quarter. Sequoia Financial Advisors LLC now owns 21,781 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 2,002 shares during the period. GAMMA Investing LLC lifted its holdings in Aegon by 79.5% during the second quarter. GAMMA Investing LLC now owns 5,094 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 2,256 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Aegon by 16.8% during the 4th quarter. Parallel Advisors LLC now owns 17,603 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 2,526 shares in the last quarter. Institutional investors and hedge funds own 4.32% of the company’s stock.

Analyst Ratings Changes

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

Aegon Trading Down 2.3 %

Shares of AEG opened at $5.87 on Wednesday. The firm has a 50-day moving average of $6.19 and a 200-day moving average of $6.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.07 and a quick ratio of 0.08. Aegon Ltd. has a one year low of $4.63 and a one year high of $6.96.

Aegon Cuts Dividend

The company also recently announced 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 is Thursday, September 5th.

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.