Aegon (NYSE:AEG) Shares Gap Up – Still a Buy?

Aegon Ltd. (NYSE:AEG) gapped up before the market opened on Friday . The stock had previously closed at $6.33, but opened at $6.50. Aegon shares last traded at $6.46, with a volume of 623,728 shares.

Wall Street Analysts Forecast Growth

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

Aegon Stock Performance

The stock has a 50 day moving average price of $6.29 and a 200 day moving average price of $6.31.

Aegon Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were given a dividend of $0.1723 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 4.9%.

Hedge Funds Weigh In On Aegon

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEG. EverSource Wealth Advisors LLC grew its stake in shares of Aegon by 240.3% in the first quarter. EverSource Wealth Advisors LLC now owns 4,114 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 2,905 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Aegon in the second quarter valued at about $30,000. GAMMA Investing LLC raised its position in shares of Aegon by 79.5% during the second quarter. GAMMA Investing LLC now owns 5,094 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 2,256 shares during the last quarter. CWM LLC lifted its stake in shares of Aegon by 83.6% in the second quarter. CWM LLC now owns 5,725 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 2,606 shares during the period. Finally, Verus Capital Partners LLC bought a new stake in Aegon in the second quarter valued at approximately $61,000. 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.