Short Interest in Aegon Ltd. (NYSE:AEG) Rises By 41.5%

Aegon Ltd. (NYSE:AEG) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 6,890,000 shares, an increase of 41.5% from the November 30th total of 4,870,000 shares. Based on an average daily trading volume, of 3,550,000 shares, the short-interest ratio is currently 1.9 days. Approximately 0.4% of the shares of the company are short sold.

Aegon Price Performance

Shares of NYSE AEG traded up $0.02 during trading hours on Monday, reaching $5.86. The stock had a trading volume of 4,329,352 shares, compared to its average volume of 2,630,171. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 6.51 and a beta of 1.06. Aegon has a twelve month low of $5.53 and a twelve month high of $6.96. The business’s fifty day moving average is $6.28 and its two-hundred day moving average is $6.23.

Hedge Funds Weigh In On Aegon

Hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP increased its stake in 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 acquiring an additional 780,339 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Aegon by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,920,536 shares of the financial services provider’s stock valued at $30,163,000 after purchasing an additional 394,114 shares during the period. Dorsey Wright & Associates bought a new stake in shares of Aegon in the 2nd quarter valued at approximately $2,228,000. Employees Retirement System of Texas acquired a new position in shares of Aegon in the 2nd quarter worth approximately $1,980,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Aegon by 41,167.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 197,670 shares of the financial services provider’s stock worth $1,263,000 after buying an additional 197,191 shares during the period. Institutional investors and hedge funds own 4.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.