Aegon (NYSE:AEG) Shares Gap Up – Time to Buy?

Aegon Ltd. (NYSE:AEG) gapped up prior to trading on Friday . The stock had previously closed at $6.33, but opened at $6.50. Aegon shares last traded at $6.46, with a volume of 623,728 shares.

Wall Street Analysts Forecast Growth

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

Aegon Stock Performance

The company’s 50 day moving average is $6.28 and its two-hundred day moving average is $6.30.

Aegon Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were given a dividend of $0.1723 per share. The ex-dividend date was Thursday, September 5th. This represents a dividend yield of 4.9%.

Institutional Investors Weigh In On Aegon

A number of hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Aegon by 240.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,114 shares of the financial services provider’s stock valued at $25,000 after buying an additional 2,905 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Aegon in the second quarter valued at $30,000. GAMMA Investing LLC increased its position in Aegon by 79.5% in the second quarter. GAMMA Investing LLC now owns 5,094 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 2,256 shares during the last quarter. CWM LLC raised its stake in Aegon by 83.6% during the second quarter. CWM LLC now owns 5,725 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 2,606 shares in the last quarter. Finally, Verus Capital Partners LLC purchased a new stake in Aegon during the second quarter valued at $61,000. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

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.