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

Aegon Ltd. (NYSE:AEG) shares gapped down prior to trading on Monday . The stock had previously closed at $6.31, but opened at $6.02. Aegon shares last traded at $5.98, with a volume of 2,851,020 shares trading hands.

Wall Street Analyst Weigh In

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

Aegon Trading Down 5.1 %

The firm has a market capitalization of $13.20 billion, a price-to-earnings ratio of 6.68 and a beta of 1.06. The firm has a 50 day moving average price of $6.37 and a two-hundred day moving average price of $6.27.

Hedge Funds Weigh In On Aegon

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Aegon during the 3rd quarter worth approximately $48,000. Sanctuary Advisors LLC bought a new stake in shares of Aegon in the 3rd quarter valued at approximately $114,000. Dorsey Wright & Associates increased its holdings in shares of Aegon by 13.0% in the 3rd quarter. Dorsey Wright & Associates now owns 410,865 shares of the financial services provider’s stock valued at $2,625,000 after acquiring an additional 47,412 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Aegon in the 3rd quarter valued at approximately $595,000. Finally, National Bank of Canada FI increased its holdings in shares of Aegon by 6.7% in the 3rd quarter. National Bank of Canada FI now owns 138,736 shares of the financial services provider’s stock valued at $887,000 after acquiring an additional 8,675 shares during the last quarter. 4.32% of the stock is 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.