Short Interest in Aegon Ltd. (NYSE:AEG) Increases By 63.1%

Aegon Ltd. (NYSE:AEG) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,240,000 shares, an increase of 63.1% from the October 15th total of 2,600,000 shares. Based on an average trading volume of 2,810,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Aegon Stock Up 1.8 %

NYSE:AEG opened at $6.45 on Friday. Aegon has a twelve month low of $5.30 and a twelve month high of $6.96. The business has a 50 day moving average price of $6.28 and a two-hundred day moving average price of $6.30.

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 paid 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 Investors Weigh In On Aegon

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in Aegon by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,920,536 shares of the financial services provider’s stock valued at $30,163,000 after acquiring an additional 394,114 shares during the period. Wellington Management Group LLP raised its stake in Aegon by 21.1% in 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 acquiring an additional 780,339 shares during the period. Raymond James & Associates raised its stake in Aegon by 5.7% in the 3rd quarter. Raymond James & Associates now owns 2,517,071 shares of the financial services provider’s stock valued at $16,084,000 after acquiring an additional 136,208 shares during the period. American Century Companies Inc. raised its stake in Aegon by 5.3% in the 2nd quarter. American Century Companies Inc. now owns 814,739 shares of the financial services provider’s stock valued at $4,994,000 after acquiring an additional 41,028 shares during the period. Finally, Sei Investments Co. raised its stake in Aegon by 15.7% in the 2nd quarter. Sei Investments Co. now owns 578,652 shares of the financial services provider’s stock valued at $3,547,000 after acquiring an additional 78,322 shares during the period. Institutional investors own 4.32% of the company’s stock.

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.