Aegon (NYSE:AEG) Shares Gap Down – Here’s Why

Aegon Ltd. (NYSE:AEG) gapped down before the market opened on Thursday . The stock had previously closed at $6.75, but opened at $6.19. Aegon shares last traded at $6.10, with a volume of 4,028,962 shares changing hands.

Aegon Price Performance

The firm’s 50-day simple moving average is $6.24 and its 200 day simple moving average is $6.25.

Institutional Trading of Aegon

Several hedge funds and other institutional investors have recently modified their holdings of the business. 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 raised its position in shares of Aegon by 21.1% in the third 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 period. Raymond James Financial Inc. bought a new stake in Aegon during the 4th quarter worth approximately $15,397,000. Raymond James & Associates increased its holdings in Aegon by 5.7% during the 3rd quarter. Raymond James & Associates now owns 2,517,071 shares of the financial services provider’s stock worth $16,084,000 after acquiring an additional 136,208 shares during the period. Finally, Voloridge Investment Management LLC increased its holdings in Aegon by 27.6% during the 4th quarter. Voloridge Investment Management LLC now owns 1,895,842 shares of the financial services provider’s stock worth $11,167,000 after acquiring an additional 409,694 shares during the period. 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.