Aegon (NYSE:AEG) Shares Gap Down – Here’s What Happened

Aegon Ltd. (NYSE:AEG)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $6.75, but opened at $6.19. Aegon shares last traded at $6.10, with a volume of 4,028,962 shares traded.

Aegon Price Performance

The company’s 50 day moving average is $6.24 and its 200-day moving average is $6.25.

Institutional Trading of Aegon

A number of institutional investors have recently made changes to their positions in AEG. Raymond James Financial Inc. purchased a new stake in shares of Aegon during the 4th quarter valued at about $15,397,000. BNP Paribas Financial Markets boosted its holdings in shares of Aegon by 517.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,220,786 shares of the financial services provider’s stock valued at $7,190,000 after acquiring an additional 1,023,116 shares during the last quarter. OLD Mission Capital LLC boosted its holdings in shares of Aegon by 450.5% during the 4th quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider’s stock valued at $6,059,000 after acquiring an additional 841,863 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Aegon during the 4th quarter valued at about $4,733,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Aegon by 21.1% in the third quarter. Wellington Management Group LLP now owns 4,484,791 shares of the financial services provider’s stock worth $28,658,000 after buying an additional 780,339 shares during the last quarter. Hedge funds and other institutional investors own 4.32% of the company’s stock.

About Aegon

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.