Aegon (NYSE:AEG) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Aegon Ltd. (NYSE:AEG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.21 and traded as high as $6.41. Aegon shares last traded at $6.36, with a volume of 5,580,615 shares changing hands.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Aegon from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Aegon Trading Up 0.9 %

The firm has a 50-day simple moving average of $6.16 and a 200-day simple moving average of $6.21.

Institutional Investors Weigh In On Aegon

Institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in Aegon in the third quarter worth about $48,000. Advisory Alpha LLC bought a new position in shares of Aegon during the 2nd quarter worth approximately $68,000. Wolverine Trading LLC bought a new position in shares of Aegon during the 3rd quarter worth approximately $76,000. Kovitz Investment Group Partners LLC purchased a new stake in Aegon during the third quarter valued at approximately $85,000. Finally, Captrust Financial Advisors boosted its stake in Aegon by 22.7% in the third quarter. Captrust Financial Advisors now owns 15,083 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 2,795 shares in 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.