Aegon (NYSE:AEG) Sees Large Volume Increase – What’s Next?

Aegon Ltd. (NYSE:AEG) saw unusually-strong trading volume on Tuesday . Approximately 7,265,459 shares traded hands during trading, an increase of 103% from the previous session’s volume of 3,582,469 shares.The stock last traded at $6.73 and had previously closed at $6.68.

Aegon Stock Performance

The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 7.02 and a beta of 1.03. The business has a fifty day moving average price of $6.45 and a 200 day moving average price of $6.30.

Hedge Funds Weigh In On Aegon

Several hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in Aegon by 1,136.2% in the fourth quarter. NewEdge Advisors LLC now owns 4,846 shares of the financial services provider’s stock valued at $29,000 after buying an additional 4,454 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Aegon in the third quarter worth $48,000. Smartleaf Asset Management LLC raised its stake in shares of Aegon by 70.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,184 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 3,802 shares during the period. Waverly Advisors LLC acquired a new position in shares of Aegon during the 4th quarter valued at $65,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in Aegon during the 4th quarter worth $68,000. 4.32% of the stock is owned by institutional investors and hedge funds.

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.