ABC Arbitrage SA Takes Position in Aegon Ltd. (NYSE:AEG)

ABC Arbitrage SA bought a new stake in shares of Aegon Ltd. (NYSE:AEG) in the fourth quarter, Holdings Channel.com reports. The fund bought 576,292 shares of the financial services provider’s stock, valued at approximately $3,394,000.

A number of other large investors have also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. boosted its stake in shares of Aegon by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 123,947 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 1,870 shares during the period. Townsquare Capital LLC boosted its stake in shares of Aegon by 2.3% during 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. Savant Capital LLC boosted its stake in shares of Aegon by 6.4% during the fourth quarter. Savant Capital LLC now owns 37,744 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 2,275 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Aegon by 19.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,205 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 2,440 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of Aegon by 3.3% during the third quarter. QRG Capital Management Inc. now owns 83,223 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 2,676 shares during the period. 4.32% of the stock is owned by hedge funds and other institutional investors.

Aegon Price Performance

AEG stock opened at $6.66 on Friday. The business has a 50-day moving average price of $6.22 and a 200 day moving average price of $6.24. The company has a market capitalization of $14.67 billion, a P/E ratio of 6.79 and a beta of 1.07. Aegon Ltd. has a 1-year low of $5.53 and a 1-year high of $6.96.

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 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.