Aegon (NYSE:AEG) Shares Gap Up – Time to Buy?

Aegon Ltd. (NYSE:AEG) gapped up before the market opened on Friday . The stock had previously closed at $6.33, but opened at $6.50. Aegon shares last traded at $6.46, with a volume of 623,728 shares.

Analyst Ratings Changes

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

Aegon Stock Performance

The firm has a 50-day moving average of $6.29 and a 200 day moving average of $6.31.

Aegon Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were given a dividend of $0.1723 per share. This represents a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, September 5th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Aegon by 240.3% in the first quarter. EverSource Wealth Advisors LLC now owns 4,114 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 2,905 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Aegon during the 2nd quarter worth about $30,000. GAMMA Investing LLC boosted its position in shares of Aegon by 79.5% during the 2nd quarter. GAMMA Investing LLC now owns 5,094 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 2,256 shares in the last quarter. CWM LLC grew its stake in shares of Aegon by 83.6% in the 2nd quarter. CWM LLC now owns 5,725 shares of the financial services provider’s stock valued at $35,000 after buying an additional 2,606 shares during the period. Finally, Verus Capital Partners LLC bought a new stake in Aegon in the 2nd quarter valued at about $61,000. Institutional investors and hedge funds 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.