Aegon (NYSE:AEG) Sees Large Volume Increase – Still a Buy?

Aegon Ltd. (NYSE:AEG) saw unusually-high trading volume on Wednesday . Approximately 7,044,426 shares traded hands during mid-day 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 Price Performance

The business’s 50 day moving average is $6.38 and its two-hundred day moving average is $6.27. The firm has a market capitalization of $14.82 billion, a PE ratio of 6.99 and a beta of 1.03.

Institutional Investors Weigh In On Aegon

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Aegon by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,413,607 shares of the financial services provider’s stock valued at $31,886,000 after acquiring an additional 298,679 shares in the last quarter. Wellington Management Group LLP lifted its position in Aegon by 21.1% during the third quarter. Wellington Management Group LLP now owns 4,484,791 shares of the financial services provider’s stock valued at $28,658,000 after buying an additional 780,339 shares during the period. Raymond James Financial Inc. purchased a new position in Aegon during the fourth quarter valued at $15,397,000. Voloridge Investment Management LLC lifted its position in Aegon by 27.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,895,842 shares of the financial services provider’s stock valued at $11,167,000 after buying an additional 409,694 shares during the period. Finally, Northern Trust Corp lifted its position in Aegon by 91.7% during the fourth quarter. Northern Trust Corp now owns 1,419,940 shares of the financial services provider’s stock valued at $8,363,000 after buying an additional 679,126 shares during the period. 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.