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

Grace & White Inc. NY lessened its holdings in shares of Aegon Ltd. (NYSE:AEG) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,493,962 shares of the financial services provider’s stock after selling 40,043 shares during the period. Aegon accounts for approximately 1.7% of Grace & White Inc. NY’s investment portfolio, making the stock its 17th biggest position. Grace & White Inc. NY owned about 0.07% of Aegon worth $9,546,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in shares of Aegon by 10.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,140,423 shares of the financial services provider’s stock valued at $23,849,000 after buying an additional 389,582 shares during the period. Ballentine Partners LLC grew its stake in shares of Aegon by 19.7% in the 1st quarter. Ballentine Partners LLC now owns 54,215 shares of the financial services provider’s stock valued at $328,000 after buying an additional 8,915 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Aegon by 434.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 54,773 shares of the financial services provider’s stock valued at $331,000 after buying an additional 44,520 shares during the period. Wealthstar Advisors LLC grew its stake in shares of Aegon by 4.3% in the 1st quarter. Wealthstar Advisors LLC now owns 96,697 shares of the financial services provider’s stock valued at $585,000 after buying an additional 4,028 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its stake in shares of Aegon by 2.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 91,827 shares of the financial services provider’s stock valued at $556,000 after buying an additional 1,849 shares during the period. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Stock Performance

NYSE:AEG opened at $6.35 on Tuesday. Aegon Ltd. has a fifty-two week low of $4.63 and a fifty-two week high of $6.96. The stock has a market capitalization of $14.00 billion, a P/E ratio of 6.98 and a beta of 1.07. The company has a 50 day moving average price of $6.19 and a 200 day moving average price of $6.26.

Aegon Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were given a $0.1723 dividend. The ex-dividend date was Thursday, September 5th. This represents a yield of 4.9%. Aegon’s dividend payout ratio is presently 32.97%.

Analyst Ratings Changes

Separately, UBS Group raised shares of Aegon from a “neutral” rating to a “buy” rating in a research report on Tuesday.

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.