Aegon (NYSE:AEG) Sees Large Volume Increase

Aegon Ltd. (NYSE:AEG) shares saw unusually-high trading volume on Monday . Approximately 4,876,024 shares were traded during trading, an increase of 117% from the previous session’s volume of 2,247,465 shares.The stock last traded at $5.83 and had previously closed at $5.95.

Wall Street Analyst Weigh In

AEG has been the subject of several recent research reports. UBS Group cut Aegon from a “buy” rating to a “neutral” rating in a report on Tuesday, May 28th. StockNews.com cut shares of Aegon from a “buy” rating to a “hold” rating in a research report on Monday, May 13th.

Aegon Trading Down 1.8 %

The business’s 50 day moving average price is $6.31 and its 200-day moving average price is $6.14. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEG. Dimensional Fund Advisors LP acquired a new position in Aegon in the 4th quarter worth $25,961,000. Goldman Sachs Group Inc. lifted its holdings in Aegon by 10.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,140,423 shares of the financial services provider’s stock worth $23,849,000 after purchasing an additional 389,582 shares during the period. Raymond James & Associates bought a new stake in Aegon during the first quarter worth approximately $16,482,000. Brandes Investment Partners LP grew its holdings 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 increased its holdings in shares of Aegon by 0.4% in the first quarter. Summit Global Investments now owns 1,039,545 shares of the financial services provider’s stock valued at $6,289,000 after buying an additional 4,303 shares in the last quarter. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

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.