Aegon Ltd. (NYSE:AEG) Short Interest Up 14.7% in May

Aegon Ltd. (NYSE:AEG) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,500,000 shares, an increase of 14.7% from the May 15th total of 2,180,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,390,000 shares, the days-to-cover ratio is currently 1.0 days.

Aegon Stock Performance

Aegon stock opened at $6.16 on Tuesday. Aegon has a 1-year low of $4.63 and a 1-year high of $6.96. The company has a fifty day simple moving average of $6.36 and a 200 day simple moving average of $6.00. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.48.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AEG. Brandes Investment Partners LP lifted its stake in Aegon by 45.5% in the fourth quarter. Brandes Investment Partners LP now owns 1,922,545 shares of the financial services provider’s stock valued at $11,074,000 after acquiring an additional 601,003 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Aegon in the fourth quarter valued at $25,961,000. Advisor Resource Council acquired a new stake in Aegon in the fourth quarter valued at $69,000. Point72 Europe London LLP acquired a new stake in Aegon in the fourth quarter valued at $4,118,000. Finally, QRG Capital Management Inc. acquired a new stake in Aegon in the fourth quarter valued at $480,000. Institutional investors own 4.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AEG shares. UBS Group downgraded shares of Aegon from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 28th. StockNews.com downgraded shares of Aegon from a “buy” rating to a “hold” rating in a research report on Monday, May 13th.

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.