Aegon (NYSE:AEG) Sees Strong Trading Volume – Should You Buy?

Shares of Aegon Ltd. (NYSE:AEG) saw unusually-strong trading volume on Wednesday . Approximately 7,044,426 shares traded hands during 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 company’s 50-day simple moving average is $6.40 and its 200-day simple moving average is $6.28. The stock has a market capitalization of $14.52 billion, a P/E ratio of 6.86 and a beta of 1.03.

Institutional Trading of Aegon

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of 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 purchasing an additional 298,679 shares during the period. Wellington Management Group LLP grew its stake 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 worth $28,658,000 after buying an additional 780,339 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Aegon in the 4th quarter valued at approximately $15,397,000. Voloridge Investment Management LLC boosted its stake in shares of Aegon by 27.6% in the 4th quarter. Voloridge Investment Management LLC now owns 1,895,842 shares of the financial services provider’s stock valued at $11,167,000 after purchasing an additional 409,694 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Aegon by 91.7% in the 4th quarter. Northern Trust Corp now owns 1,419,940 shares of the financial services provider’s stock valued at $8,363,000 after purchasing an additional 679,126 shares in the last quarter. 4.32% of the stock is owned by institutional investors.

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.