Aegon (NYSE:AEG) Shares Gap Down – What’s Next?

Shares of Aegon Ltd. (NYSE:AEG) gapped down prior to trading 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.

Aegon Stock Down 10.1 %

The company has a 50 day simple moving average of $6.24 and a 200-day simple moving average of $6.25.

Hedge Funds Weigh In On Aegon

Several institutional investors have recently made changes to their positions in the stock. Wealthstar Advisors LLC bought a new stake in shares of Aegon during the fourth quarter valued at approximately $601,000. Stifel Financial Corp increased its stake in Aegon by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 415,492 shares of the financial services provider’s stock valued at $2,655,000 after purchasing an additional 6,461 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Aegon by 51.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 202,259 shares of the financial services provider’s stock worth $1,191,000 after buying an additional 68,310 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Aegon by 48.1% in the third quarter. HighTower Advisors LLC now owns 302,262 shares of the financial services provider’s stock valued at $1,929,000 after buying an additional 98,178 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Aegon by 65.7% during the third quarter. FMR LLC now owns 241,399 shares of the financial services provider’s stock valued at $1,543,000 after buying an additional 95,718 shares during the last quarter. Institutional investors and hedge funds 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.