Aegon (NYSE:AEG) Sees Strong Trading Volume – Time to Buy?

Aegon Ltd. (NYSE:AEG) shares saw unusually-high trading volume on Tuesday . Approximately 7,414,364 shares traded hands during mid-day trading, an increase of 86% from the previous session’s volume of 3,992,826 shares.The stock last traded at $5.70 and had previously closed at $5.54.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Aegon from a “hold” rating to a “buy” rating in a research note on Monday, March 31st.

Aegon Stock Down 3.1 %

The business’s fifty day moving average is $6.36 and its 200-day moving average is $6.30. The stock has a market capitalization of $12.82 billion, a PE ratio of 6.06 and a beta of 0.84.

Institutional Investors Weigh In On Aegon

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Aegon by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,413,607 shares of the financial services provider’s stock valued at $31,886,000 after purchasing an additional 298,679 shares in the last quarter. Wellington Management Group LLP raised its holdings in Aegon by 21.1% in 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. acquired a new position in Aegon during the fourth quarter valued at approximately $15,397,000. Voloridge Investment Management LLC grew its stake 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 worth $11,167,000 after buying an additional 409,694 shares during the period. Finally, Northern Trust Corp increased its position in shares of Aegon by 91.7% in the fourth quarter. Northern Trust Corp now owns 1,419,940 shares of the financial services provider’s stock worth $8,363,000 after acquiring an additional 679,126 shares in the last quarter. Hedge funds and other institutional investors own 4.32% of the company’s stock.

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.