Short Interest in Aegon Ltd. (NYSE:AEG) Increases By 41.5%

Aegon Ltd. (NYSE:AEG) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 6,890,000 shares, an increase of 41.5% from the November 30th total of 4,870,000 shares. Based on an average daily trading volume, of 3,550,000 shares, the short-interest ratio is currently 1.9 days. Currently, 0.4% of the shares of the stock are sold short.

Aegon Price Performance

Shares of NYSE:AEG traded up $0.02 during midday trading on Monday, reaching $5.86. 4,329,352 shares of the company’s stock were exchanged, compared to its average volume of 2,630,171. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 6.51 and a beta of 1.06. Aegon has a fifty-two week low of $5.53 and a fifty-two week high of $6.96. The firm’s 50 day simple moving average is $6.28 and its two-hundred day simple moving average is $6.23.

Institutional Investors Weigh In On Aegon

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its holdings in shares of Aegon by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 123,947 shares of the financial services provider’s stock valued at $792,000 after buying an additional 1,870 shares during the period. Townsquare Capital LLC increased its stake in Aegon by 2.3% during the third quarter. Townsquare Capital LLC now owns 88,911 shares of the financial services provider’s stock worth $568,000 after purchasing an additional 1,976 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Aegon by 19.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,205 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 2,440 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Aegon by 3.3% during the third quarter. QRG Capital Management Inc. now owns 83,223 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 2,676 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Aegon by 22.7% in the third quarter. Captrust Financial Advisors now owns 15,083 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 2,795 shares during the period. 4.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.