Aegon (NYSE:AEG) Sees Large Volume Increase – Should You Buy?

Shares of Aegon Ltd. (NYSE:AEG) saw unusually-strong trading volume on Wednesday . Approximately 7,044,426 shares traded hands during trading, an increase of 104% from the previous session’s volume of 3,448,485 shares.The stock last traded at $6.69 and had previously closed at $6.70.

Aegon Stock Performance

The firm’s fifty day simple moving average is $6.40 and its 200-day simple moving average is $6.28. The stock has a market cap of $14.52 billion, a P/E ratio of 6.86 and a beta of 1.03.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Forum Financial Management LP grew its position in shares of Aegon by 40.8% during the 4th quarter. Forum Financial Management LP now owns 19,189 shares of the financial services provider’s stock worth $113,000 after buying an additional 5,557 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Aegon during the 4th quarter worth $1,635,000. Voloridge Investment Management LLC boosted its holdings in Aegon by 27.6% during the 4th quarter. Voloridge Investment Management LLC now owns 1,895,842 shares of the financial services provider’s stock worth $11,167,000 after acquiring an additional 409,694 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of Aegon during the 4th quarter worth $65,000. Finally, Squarepoint Ops LLC raised its stake in shares of Aegon by 561.3% during the 4th quarter. Squarepoint Ops LLC now owns 80,179 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 68,054 shares during the period. 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.