Aegon Ltd. (NYSE:AEG) Sees Significant Growth in Short Interest

Aegon Ltd. (NYSE:AEG) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 3,350,000 shares, a growth of 6.0% from the August 31st total of 3,160,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 2,270,000 shares, the days-to-cover ratio is currently 1.5 days.

Aegon Stock Performance

NYSE:AEG opened at $6.22 on Wednesday. The company has a 50-day moving average of $6.15 and a 200-day moving average of $6.23. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 6.76 and a beta of 1.07. The company has a current ratio of 0.07, a quick ratio of 0.08 and a debt-to-equity ratio of 0.52. Aegon has a twelve month low of $4.63 and a twelve month high of $6.96.

Aegon Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were issued a $0.1723 dividend. The ex-dividend date was Thursday, September 5th. This represents a dividend yield of 4.9%. Aegon’s dividend payout ratio is currently 32.61%.

Institutional Investors Weigh In On Aegon

Several large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC boosted its position in shares of Aegon by 17.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 66,583 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 9,740 shares during the period. Advisory Alpha LLC acquired a new position in shares of Aegon in the second quarter worth about $68,000. Point72 Asset Management L.P. purchased a new position in shares of Aegon in the second quarter worth approximately $558,000. Creative Planning raised its holdings in shares of Aegon by 22.7% during the second quarter. Creative Planning now owns 375,263 shares of the financial services provider’s stock valued at $2,300,000 after acquiring an additional 69,405 shares during the period. Finally, Dorsey Wright & Associates purchased a new stake in shares of Aegon in the 2nd quarter valued at approximately $2,228,000. 4.32% of the stock is owned by institutional investors.

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.