Aegon (NYSE:AEG) Sees Unusually-High Trading Volume – Here’s Why

Shares of Aegon Ltd. (NYSE:AEG) saw an uptick in trading volume on Monday . 10,177,630 shares changed hands during mid-day trading, an increase of 140% from the previous session’s volume of 4,233,719 shares.The stock last traded at $6.09 and had previously closed at $5.97.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Aegon from a “hold” rating to a “buy” rating in a research report on Monday, March 31st.

Aegon Price Performance

The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 6.36 and a beta of 0.84. The business has a 50-day moving average of $6.34 and a 200-day moving average of $6.29.

Institutional Investors Weigh In On Aegon

A number of institutional investors and hedge funds have recently made changes to their positions in AEG. NewEdge Advisors LLC lifted its stake 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 acquiring an additional 4,454 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Aegon in the third quarter valued at approximately $48,000. Smartleaf Asset Management LLC raised its stake in 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 bought a new position in Aegon during the fourth quarter worth $65,000. Finally, Alliance Wealth Advisors LLC UT bought a new position in shares of Aegon in the fourth quarter valued at about $68,000. 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.