Aegon Ltd. (NYSE:AEG) Sees Significant Increase in Short Interest

Aegon Ltd. (NYSE:AEG) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 4,240,000 shares, an increase of 63.1% from the October 15th total of 2,600,000 shares. Based on an average trading volume of 2,810,000 shares, the short-interest ratio is presently 1.5 days. Currently, 0.3% of the company’s stock are sold short.

Analyst Ratings Changes

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

Aegon Stock Performance

Shares of Aegon stock opened at $6.45 on Friday. Aegon has a 1-year low of $5.30 and a 1-year high of $6.96. The firm has a fifty day simple moving average of $6.28 and a 200-day simple moving average of $6.30.

Aegon Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were issued a $0.1723 dividend. This represents a dividend yield of 4.9%. The ex-dividend date was Thursday, September 5th.

Institutional Investors Weigh In On Aegon

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in Aegon by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,920,536 shares of the financial services provider’s stock worth $30,163,000 after buying an additional 394,114 shares during the period. 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 during the period. Raymond James & Associates boosted its position in Aegon by 5.7% during the third quarter. Raymond James & Associates now owns 2,517,071 shares of the financial services provider’s stock worth $16,084,000 after purchasing an additional 136,208 shares during the period. American Century Companies Inc. boosted its position in Aegon by 5.3% during the second quarter. American Century Companies Inc. now owns 814,739 shares of the financial services provider’s stock worth $4,994,000 after purchasing an additional 41,028 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Aegon by 15.7% during the second quarter. Sei Investments Co. now owns 578,652 shares of the financial services provider’s stock worth $3,547,000 after buying an additional 78,322 shares in the last quarter. 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.