Aegon (NYSE:AEG) Shares Pass Above 200 Day Moving Average of $6.05

Aegon Ltd. (NYSE:AEG) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.05 and traded as high as $6.35. Aegon shares last traded at $6.33, with a volume of 1,112,747 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AEG. UBS Group downgraded Aegon from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 28th. StockNews.com downgraded shares of Aegon from a “buy” rating to a “hold” rating in a report on Monday, May 13th.

Aegon Price Performance

The firm’s 50 day moving average is $6.42 and its two-hundred day moving average is $6.05. 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 Investors Weigh In On Aegon

Several hedge funds have recently bought and sold shares of AEG. Dimensional Fund Advisors LP acquired a new position in shares of Aegon in the fourth quarter valued at $25,961,000. Goldman Sachs Group Inc. grew its position in Aegon by 10.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,140,423 shares of the financial services provider’s stock valued at $23,849,000 after acquiring an additional 389,582 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Aegon during the first quarter worth $16,482,000. Brandes Investment Partners LP increased its holdings in Aegon by 45.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,922,545 shares of the financial services provider’s stock worth $11,074,000 after purchasing an additional 601,003 shares in the last quarter. Finally, Summit Global Investments boosted its position in Aegon by 0.4% during the 1st quarter. Summit Global Investments now owns 1,039,545 shares of the financial services provider’s stock worth $6,289,000 after buying an additional 4,303 shares during the period. 4.32% of the stock is currently owned by institutional investors and hedge funds.

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.