Short Interest in Aegon Ltd. (NYSE:AEG) Grows By 41.5%

Aegon Ltd. (NYSE:AEG - Get Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 6,890,000 shares, an increase of 41.5% from the November 30th total of 4,870,000 shares. Based on an average trading volume of 3,550,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.4% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Aegon

Hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC purchased a new position in Aegon during the second quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Aegon during the 3rd quarter worth $48,000. Verus Capital Partners LLC acquired a new position in shares of Aegon during the 2nd quarter valued at about $61,000. Advisory Alpha LLC purchased a new stake in shares of Aegon in the second quarter valued at about $68,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Aegon in the second quarter valued at about $71,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Aegon Price Performance

NYSE AEG traded up $0.02 during mid-day trading on Monday, hitting $5.86. The stock had a trading volume of 4,329,352 shares, compared to its average volume of 2,630,171. Aegon has a twelve month low of $5.53 and a twelve month high of $6.96. The firm's 50 day moving average is $6.27 and its 200 day moving average is $6.23. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 6.51 and a beta of 1.06.

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.