Aegon (NYSE:AEG) Sees Strong Trading Volume – Still a Buy?

Aegon Ltd. (NYSE:AEG) saw unusually-strong trading volume on Wednesday . Approximately 6,966,101 shares were traded during trading, an increase of 85% from the previous session’s volume of 3,772,409 shares.The stock last traded at $6.69 and had previously closed at $6.62.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Aegon from a “hold” rating to a “buy” rating in a research note on Monday.

Aegon Price Performance

The stock has a market cap of $14.68 billion, a price-to-earnings ratio of 6.94 and a beta of 1.03. The firm’s 50-day moving average is $6.47 and its 200 day moving average is $6.32.

Institutional Investors Weigh In On Aegon

A number of institutional investors have recently added to or reduced their stakes in AEG. O Shaughnessy Asset Management LLC increased its position in Aegon by 1.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 145,663 shares of the financial services provider’s stock worth $858,000 after purchasing an additional 1,779 shares in the last quarter. Townsquare Capital LLC raised its position in Aegon by 2.3% in the third quarter. Townsquare Capital LLC now owns 88,911 shares of the financial services provider’s stock valued at $568,000 after purchasing an additional 1,976 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Aegon by 1.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 126,041 shares of the financial services provider’s stock worth $742,000 after buying an additional 2,094 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in shares of Aegon by 13.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 17,757 shares of the financial services provider’s stock valued at $105,000 after buying an additional 2,142 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of Aegon by 12.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 20,015 shares of the financial services provider’s stock valued at $118,000 after buying an additional 2,170 shares during the period. 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.