Aegon Ltd. (NYSE:AEG) Sees Significant Drop in Short Interest

Aegon Ltd. (NYSE:AEG) was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 2,250,000 shares, a drop of 8.2% from the June 30th total of 2,450,000 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,200,000 shares, the short-interest ratio is currently 1.0 days.

Aegon Stock Down 5.1 %

NYSE AEG traded down $0.33 during trading hours on Thursday, reaching $6.12. 2,872,749 shares of the company traded hands, compared to its average volume of 2,221,794. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.48. Aegon has a 12 month low of $4.63 and a 12 month high of $6.96. The company has a 50 day moving average of $6.33 and a two-hundred day moving average of $6.13.

Analyst Ratings Changes

Several brokerages have recently weighed in on AEG. UBS Group downgraded Aegon from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 28th. StockNews.com downgraded Aegon from a “buy” rating to a “hold” rating in a report on Monday, May 13th.

Hedge Funds Weigh In On Aegon

Several large investors have recently modified their holdings of AEG. Dimensional Fund Advisors LP acquired a new stake in Aegon during the fourth quarter valued at approximately $25,961,000. Goldman Sachs Group Inc. boosted its holdings 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. Raymond James & Associates bought a new stake in shares of Aegon during the 1st quarter valued at about $16,482,000. Brandes Investment Partners LP raised its stake in Aegon by 45.5% during the fourth quarter. Brandes Investment Partners LP now owns 1,922,545 shares of the financial services provider’s stock worth $11,074,000 after acquiring an additional 601,003 shares during the period. Finally, Summit Global Investments lifted its holdings in Aegon by 0.4% in the first quarter. Summit Global Investments now owns 1,039,545 shares of the financial services provider’s stock worth $6,289,000 after acquiring an additional 4,303 shares during the last quarter. Institutional investors own 4.32% of the company’s stock.

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.