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

Shares of Aegon Ltd. (NYSE:AEG) saw an uptick in trading volume on Monday . 10,177,630 shares traded hands during mid-day trading, an increase of 140% from the previous session’s volume of 4,233,719 shares.The stock last traded at $6.09 and had previously closed at $5.97.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Aegon from a “hold” rating to a “buy” rating in a report on Monday, March 31st.

Aegon Stock Up 0.2 %

The stock has a market capitalization of $13.46 billion, a P/E ratio of 6.36 and a beta of 0.84. The company has a fifty day simple moving average of $6.34 and a two-hundred day simple moving average of $6.29.

Hedge Funds Weigh In On Aegon

Several institutional investors and hedge funds have recently modified their holdings of AEG. Raymond James Financial Inc. acquired a new position in shares of Aegon in the fourth quarter valued at approximately $15,397,000. BNP Paribas Financial Markets increased its holdings in Aegon by 517.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,220,786 shares of the financial services provider’s stock worth $7,190,000 after purchasing an additional 1,023,116 shares in the last quarter. OLD Mission Capital LLC raised its stake in shares of Aegon by 450.5% in the 4th quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider’s stock valued at $6,059,000 after purchasing an additional 841,863 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Aegon in the fourth quarter valued at about $4,733,000. Finally, Northern Trust Corp grew its holdings in shares of Aegon by 91.7% during the fourth quarter. Northern Trust Corp now owns 1,419,940 shares of the financial services provider’s stock worth $8,363,000 after buying an additional 679,126 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors and hedge funds.

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.