Aegon (NYSE:AEG) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Aegon Ltd. (NYSE:AEG) saw strong trading volume on Tuesday . 7,265,459 shares were traded during trading, an increase of 103% from the previous session’s volume of 3,582,469 shares.The stock last traded at $6.73 and had previously closed at $6.68.

Aegon Price Performance

The stock has a 50 day simple moving average of $6.43 and a 200-day simple moving average of $6.29. The firm has a market cap of $14.86 billion, a PE ratio of 7.02 and a beta of 1.03.

Hedge Funds Weigh In On Aegon

A number of institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC lifted its stake in Aegon by 49.3% in the 3rd quarter. Cerity Partners LLC now owns 149,032 shares of the financial services provider’s stock worth $952,000 after purchasing an additional 49,182 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Aegon by 6.9% in the third quarter. Quantbot Technologies LP now owns 114,476 shares of the financial services provider’s stock worth $732,000 after buying an additional 7,392 shares during the period. FMR LLC lifted its position 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 worth $1,543,000 after purchasing an additional 95,718 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Aegon by 41,167.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 197,670 shares of the financial services provider’s stock worth $1,263,000 after acquiring an additional 197,191 shares in the last quarter. Finally, Townsquare Capital LLC lifted its holdings in shares of Aegon by 2.3% in the 3rd quarter. Townsquare Capital LLC now owns 88,911 shares of the financial services provider’s stock worth $568,000 after buying an additional 1,976 shares during the period. 4.32% of the stock is owned by institutional investors.

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.