Aegon (NYSE:AEG) Shares Gap Down – Here’s Why

Aegon Ltd. (NYSE:AEG) shares gapped down before the market opened on Monday . The stock had previously closed at $6.31, but opened at $6.02. Aegon shares last traded at $5.98, with a volume of 2,851,020 shares traded.

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 Price Performance

The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 6.68 and a beta of 1.06. The company has a fifty day moving average price of $6.37 and a two-hundred day moving average price of $6.27.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Aegon by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,920,536 shares of the financial services provider’s stock valued at $30,163,000 after buying an additional 394,114 shares during the period. Wellington Management Group LLP raised 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 valued at $28,658,000 after buying an additional 780,339 shares during the period. Raymond James & Associates increased its position in Aegon by 5.7% in the 3rd 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 last quarter. American Century Companies Inc. increased its position in Aegon by 5.3% in the 2nd 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 last quarter. Finally, Sei Investments Co. increased its position in Aegon by 15.7% in the 2nd quarter. Sei Investments Co. now owns 578,652 shares of the financial services provider’s stock worth $3,547,000 after purchasing an additional 78,322 shares during the last quarter. 4.32% of the stock is owned by institutional investors and hedge funds.

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.