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

Aegon Ltd. (NYSE:AEG) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 7,950,000 shares, a growth of 24.2% from the February 13th total of 6,400,000 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 5,440,000 shares, the short-interest ratio is presently 1.5 days.

Aegon Stock Performance

NYSE:AEG traded up $0.12 during mid-day trading on Tuesday, hitting $6.69. 8,387,921 shares of the company’s stock traded hands, compared to its average volume of 3,433,269. The company has a fifty day moving average of $6.36 and a 200 day moving average of $6.27. Aegon has a twelve month low of $5.66 and a twelve month high of $6.96. The company has a market capitalization of $14.74 billion, a P/E ratio of 6.96 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AEG. Raymond James Financial Inc. acquired a new position in Aegon during the 4th quarter valued at about $15,397,000. BNP Paribas Financial Markets increased its position in Aegon by 517.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,220,786 shares of the financial services provider’s stock valued at $7,190,000 after buying an additional 1,023,116 shares in the last quarter. OLD Mission Capital LLC grew its stake in Aegon by 450.5% during the 4th quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider’s stock valued at $6,059,000 after purchasing an additional 841,863 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Aegon during the 4th quarter valued at about $4,733,000. Finally, Wellington Management Group LLP grew its stake in Aegon by 21.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,484,791 shares of the financial services provider’s stock valued at $28,658,000 after purchasing an additional 780,339 shares during the last quarter. 4.32% of the stock is owned by institutional investors and hedge funds.

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.