Aegon (NYSE:AEG) Shares Gap Down – Should You Sell?

Aegon Ltd. (NYSE:AEG)’s share price gapped down prior to trading on Monday . The stock had previously closed at $6.31, but opened at $6.02. Aegon shares last traded at $5.98, with a volume of 2,851,020 shares.

Analyst Ratings Changes

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

Aegon Stock Performance

The company has a market cap of $12.86 billion, a P/E ratio of 6.48 and a beta of 1.06. The business’s fifty day moving average is $6.36 and its two-hundred day moving average is $6.26.

Hedge Funds Weigh In On Aegon

Institutional investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Aegon in the 2nd quarter valued at approximately $30,000. CWM LLC lifted its position in Aegon by 83.6% in the second quarter. CWM LLC now owns 5,725 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 2,606 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Aegon in the third quarter worth $48,000. Verus Capital Partners LLC acquired a new stake in shares of Aegon in the second quarter valued at about $61,000. Finally, Advisory Alpha LLC acquired a new position in Aegon during the second quarter worth about $68,000. 4.32% of the stock is owned by hedge funds and other institutional investors.

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.