Aegon (NYSE:AEG) Sees Large Volume Increase

Aegon Ltd. (NYSE:AEG) shares saw an uptick in trading volume on Friday . 5,221,080 shares traded hands during mid-day trading, an increase of 122% from the previous session’s volume of 2,348,478 shares.The stock last traded at $6.73 and had previously closed at $6.69.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Aegon from a “buy” rating to a “hold” rating in a research note on Monday, May 13th.

Aegon Price Performance

The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average is $6.23 and its two-hundred day moving average is $5.86.

Aegon Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 8th. Investors of record on Monday, June 17th will be issued a $0.1734 dividend. This is a boost from Aegon’s previous semi-annual dividend of $0.15. The ex-dividend date is Monday, June 17th. This represents a yield of 4.9%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AEG. Dimensional Fund Advisors LP acquired a new stake in shares of Aegon during the 4th quarter worth approximately $25,961,000. Raymond James & Associates acquired a new stake in Aegon during the 1st quarter worth $16,482,000. Point72 Europe London LLP bought a new stake in shares of Aegon during the 4th quarter valued at $4,118,000. Brandes Investment Partners LP boosted its position in shares of 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 during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Aegon by 10.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,140,423 shares of the financial services provider’s stock worth $23,849,000 after purchasing an additional 389,582 shares during the period. 4.32% of the stock is currently 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.