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

Aegon Ltd. (NYSE:AEG) was the recipient of a significant increase in short interest in 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 days-to-cover ratio is currently 1.9 days. Approximately 0.4% of the company’s stock are sold short.

Analyst Ratings Changes

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

Aegon Stock Up 0.3 %

Shares of AEG stock traded up $0.02 on Monday, reaching $5.86. The stock had a trading volume of 4,329,352 shares, compared to its average volume of 2,629,243. Aegon has a 12 month low of $5.53 and a 12 month high of $6.96. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 6.51 and a beta of 1.06. The firm’s 50-day moving average is $6.28 and its two-hundred day moving average is $6.23.

Institutional Investors Weigh In On Aegon

A number of large investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new stake in Aegon in the 2nd quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new position in Aegon during the 3rd quarter worth $48,000. Verus Capital Partners LLC acquired a new position in Aegon in the second quarter valued at about $61,000. Advisory Alpha LLC acquired a new stake in Aegon during the second quarter worth about $68,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Aegon during the 2nd quarter worth approximately $71,000. Institutional investors own 4.32% of the company’s stock.

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.