Aegon (NYSE:AEG) Sees Strong Trading Volume – What’s Next?

Aegon Ltd. (NYSE:AEG) saw unusually-high trading volume on Monday . Approximately 12,333,347 shares traded hands during mid-day trading, an increase of 145% from the previous session’s volume of 5,024,754 shares.The stock last traded at $6.75 and had previously closed at $6.71.

Analyst Ratings Changes

AEG has been the subject of several recent research reports. BNP Paribas upgraded Aegon from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 7th. StockNews.com upgraded Aegon from a “hold” rating to a “buy” rating in a research report on Monday, March 31st. Finally, BNP Paribas Exane upgraded Aegon from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 7th.

Aegon Stock Up 0.7%

The company has a market capitalization of $14.89 billion, a PE ratio of 7.04 and a beta of 0.91. The company has a 50-day moving average price of $6.34 and a two-hundred day moving average price of $6.31.

Aegon Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 17th will be paid a $0.1992 dividend. This is a positive change from Aegon’s previous semi-annual dividend of $0.17. This represents a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 17th. Aegon’s dividend payout ratio is currently 34.38%.

Hedge Funds Weigh In On Aegon

A number of hedge funds and other institutional investors have recently bought and sold shares of AEG. Raymond James Financial Inc. purchased a new position in Aegon in the 4th quarter worth approximately $15,397,000. BNP Paribas Financial Markets boosted its holdings in shares of Aegon by 517.6% in the 4th quarter. BNP Paribas Financial Markets now owns 1,220,786 shares of the financial services provider’s stock worth $7,190,000 after purchasing an additional 1,023,116 shares in the last quarter. OLD Mission Capital LLC boosted its holdings in shares of Aegon by 450.5% in the 4th quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider’s stock worth $6,059,000 after purchasing an additional 841,863 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Aegon in the 4th quarter worth about $4,733,000. Finally, Northern Trust Corp boosted its holdings in shares of Aegon by 91.7% in the 4th quarter. Northern Trust Corp now owns 1,419,940 shares of the financial services provider’s stock worth $8,363,000 after purchasing an additional 679,126 shares in the last quarter. Hedge funds and other institutional investors 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.