Aegon Ltd. (NYSE:AEG) Sees Large Growth in Short Interest

Aegon Ltd. (NYSE:AEG) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,700,000 shares, a growth of 30.4% from the March 15th total of 2,070,000 shares. Based on an average daily trading volume, of 2,070,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Advisor Resource Council purchased a new position in Aegon during the 4th quarter worth approximately $69,000. Blue Trust Inc. grew its stake in Aegon by 580.7% during the 4th quarter. Blue Trust Inc. now owns 12,069 shares of the financial services provider’s stock worth $70,000 after buying an additional 10,296 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Aegon by 12.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 101,302 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 11,117 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of Aegon in the 3rd quarter valued at approximately $58,000. Finally, Legacy Wealth Asset Management LLC purchased a new position in shares of Aegon in the 4th quarter valued at approximately $518,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Trading Down 1.2 %

NYSE:AEG opened at $5.88 on Monday. The stock’s 50 day moving average price is $5.88 and its 200 day moving average price is $5.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.08 and a current ratio of 0.08. Aegon has a 52-week low of $4.22 and a 52-week high of $6.38.

Aegon Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 8th. Investors of record on Monday, June 17th will be paid a dividend of $0.1734 per share. This represents a yield of 4.9%. The ex-dividend date of this dividend is Monday, June 17th. This is an increase from Aegon’s previous semi-annual dividend of $0.15.

About Aegon

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, and mutual funds; mortgage loans; and individual retirement accounts, as well as stable value, investment management, and digital banking solutions.