Aegon Ltd. (NYSE:AEG) Short Interest Up 63.1% in October

Aegon Ltd. (NYSE:AEG - Get Free Report) was the target of a significant increase in short interest during the month of 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. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 2,810,000 shares, the short-interest ratio is currently 1.5 days.

Aegon Price Performance

AEG remained flat at $6.34 during trading on Thursday. 4,261,382 shares of the company's stock were exchanged, compared to its average volume of 2,435,220. Aegon has a 1 year low of $5.15 and a 1 year high of $6.96. The firm has a fifty day moving average of $6.28 and a 200 day moving average of $6.30. The company has a market cap of $13.97 billion, a P/E ratio of 7.09 and a beta of 1.07.

Aegon Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were paid 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%. Aegon's dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Aegon

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in shares of Aegon by 240.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,114 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 2,905 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Aegon in the second quarter valued at about $30,000. GAMMA Investing LLC raised its holdings in shares of Aegon by 79.5% in the second quarter. GAMMA Investing LLC now owns 5,094 shares of the financial services provider's stock valued at $31,000 after buying an additional 2,256 shares during the last quarter. CWM LLC raised its holdings 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 valued at $35,000 after buying an additional 2,606 shares during the last quarter. Finally, Verus Capital Partners LLC bought a new position in shares of Aegon in the second quarter valued at about $61,000. Institutional investors and hedge funds own 4.32% of the company's stock.

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.