Aegon Ltd. (NYSE:AEG) Sees Large Growth in Short Interest

Aegon Ltd. (NYSE:AEG) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 7,950,000 shares, an increase of 24.2% from the February 13th total of 6,400,000 shares. Based on an average daily volume of 5,440,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Trading of Aegon

A number of hedge funds have recently modified their holdings of AEG. Raymond James Financial Inc. purchased a new stake in shares of Aegon in the fourth quarter worth about $15,397,000. BNP Paribas Financial Markets boosted its position in Aegon by 517.6% during the fourth quarter. BNP Paribas Financial Markets now owns 1,220,786 shares of the financial services provider’s stock worth $7,190,000 after purchasing an additional 1,023,116 shares in the last quarter. OLD Mission Capital LLC boosted its position in Aegon by 450.5% during the fourth quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider’s stock worth $6,059,000 after purchasing an additional 841,863 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Aegon during the fourth quarter worth approximately $4,733,000. Finally, Wellington Management Group LLP boosted its position in Aegon by 21.1% during the third quarter. Wellington Management Group LLP now owns 4,484,791 shares of the financial services provider’s stock worth $28,658,000 after purchasing an additional 780,339 shares in the last quarter. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Price Performance

Aegon stock traded up $0.12 during trading hours on Tuesday, hitting $6.69. 8,387,921 shares of the stock traded hands, compared to its average volume of 3,433,269. The firm’s 50 day moving average price is $6.36 and its 200-day moving average price is $6.27. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 6.96 and a beta of 1.03. Aegon has a 1 year low of $5.66 and a 1 year high of $6.96.

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.