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Aegon (NYSE:AEG) Shares Gap Down - Here's Why

Aegon logo with Finance background

Shares of Aegon Ltd. (NYSE:AEG - Get Free Report) gapped down prior to trading 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.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on Aegon

Aegon Stock Down 5.7 %

The company has a market capitalization of $13.12 billion, a PE ratio of 6.68 and a beta of 1.06. The business's 50 day simple moving average is $6.37 and its 200 day simple moving average is $6.27.

Institutional Investors Weigh In On Aegon

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC acquired a new position in Aegon during the 2nd quarter worth $30,000. CWM LLC increased its position in Aegon by 83.6% in the 2nd quarter. CWM LLC now owns 5,725 shares of the financial services provider's stock worth $35,000 after buying an additional 2,606 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Aegon during the third quarter worth approximately $48,000. Verus Capital Partners LLC bought a new stake in shares of Aegon in the second quarter valued at approximately $61,000. Finally, Advisory Alpha LLC acquired a new stake in shares of Aegon in the second quarter worth $68,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.

About Aegon

(Get Free Report)

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.

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