Aegon (NYSE:AEG) Stock, Quote.Headers.trade-ideas

Aegon

Aegon is a life insurance and long-term savings company listed in the Netherlands. It listed on the Amsterdam Stock Exchange in the 1980s and now has mature operations in the United States, United Kingdom, and four growth markets of Brazil, China, Portugal, and Spain. Over recent years, Aegon has been moving through an extensive transformation program where management has sought to divest noncore operations and improve the risk profile of the business. Financial assets are the parts of the business that are now being run off. Aegon is looking to cycle out of capital-consumptive and volatile-earnings products and recycle funds into capital-light and more predictable strategic businesses.

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Aegon shares rise after Q3 update, with higher capital generation, a EUR 150M share buyback, and increased 2024 guidance.

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Spruce Point Capital Management, LLC ("Spruce Point" or "we" or "us"), a New York-based investment management firm that focuses on forensic research and short-selling, today issued a detailed report entitled, "Insuring Against An Aggressive MLM", that outlines why we believe and estimate that shares of Aegon Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>, Euronext: AGN))) ("Aegon" or the "Company") face up to 25% – 50% potential long-term downside risk, or €2.99 – €4.67 ($3.14 – $4.91) per share. Download and view the report and its Full Legal Disclaimer by visiting <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sprucepointcap.com%2F&amp;esheet=54167152&amp;newsitemid=20241216940051&amp;lan=en-US&amp;anchor=www.SprucePointCap.com&amp;index=1&amp;md5=c1810bc66fa502738e831017efd150a8">www.SprucePointCap.com</a> for additional information and exclusive updates.
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Spruce Point Report Overview
Aegon is a global financial services company specializing in life insurance, pensions, and asset management. The Company offers a range of financial products and services for both individuals and businesses, including retirement planning, investment solutions, employee benefits, and life insurance policies. Founded in the Netherlands, Aegon operates in over 20 countries, including the United States, where it operates under the World Financial Group ("WFG") and Transamerica brands. Through its WFG brand, the Company distributes life insurance products to low and middle-income households across North America. As of the trailing 12 months ended June 30, 2024, the Company reported €18,641 million and €1,471 million of revenues and operating income, respectively.
The concerns we outline in our report include:
<ul>
<li>We believe that WFG generates a significant portion of Aegon's results and that WFG is operating an aggressive multi-level-marketing ("MLM") business that exposes Aegon to risk.
<ul>
<li>A <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcasetext.com%2Fcase%2Fsellers-v-world-fin-grp%23%3A%7E%3Atext%3DBrittany%2520Sellers%2520brought%2520a%2520class%2Cwith%2520the%2520California%2520Labor%2520Code&amp;esheet=54167152&amp;newsitemid=20241216940051&amp;lan=en-US&amp;anchor=recent+lawsuit&amp;index=2&amp;md5=ee5bb1b34e37659bba6182709083c449">recent lawsuit</a> alleges that WFG operates as an MLM, with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcasetext.com%2Fcase%2Fyeomans-v-world-fin-grp-ins-agency-inc-1&amp;esheet=54167152&amp;newsitemid=20241216940051&amp;lan=en-US&amp;anchor=one+case&amp;index=3&amp;md5=7d529ca753aa11f6279a2c6165e779be">one case</a> going so far as to allege it is a "massive pyramid scheme". In response, WFG even recently addressed concerns about the legitimacy of its business to dispel the notion that it is a pyramid scheme on its <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fweb.archive.org%2Fweb%2F20231119085001%2Fhttps%3A%2Fwww.worldfinancialgroup.com%2Fis-wfg-a-legitimate-business&amp;esheet=54167152&amp;newsitemid=20241216940051&amp;lan=en-US&amp;anchor=website&amp;index=4&amp;md5=d6a3e6cc6ad1439ef1efc6d6d27b232c">website</a>.</li>
<li>MLM business models are fraught with risk and frequently fail due to recruitment pressures to sustain growth and high agent turnover.</li>
<li>While MLMs are legal, pyramid schemes are not. The Federal Trade Commission ("FTC") provides warning signs to look for in identifying a pyramid scheme such as extravagant promises made by promoters about earnings potential, encouragement to buy the products, and playing on emotions or using high pressure tactics.</li>
<li>We estimate that WFG may be responsible for generating as much as 35% of Aegon America's operating income, equating to roughly 25% of Aegon's consolidated operating income. &nbsp;</li>
</ul>
</li>
<li>Our research found evidence of high-pressure tactics and failure to highlight product downside risks, which is consistent with some recent FTC complaints uncovered from a Freedom of Information Act ("FOIA") request.
<ul>
<li>FTC complaints document a range of concerns such as high-pressure tactics, higher ups getting paid bonuses to recruit, failure to highlight product downside risks, and cult-like behavior. In our research process, we sent someone through the recruitment process who was told, "our biggest product is this business opportunity here. And of course, if you take advantage of the business opportunity, the first thing you want to do is put the mask on yourself. And take advantage of the products that we have to offer."</li>
<li>Moreover, WFG is highly dependent on the sale of Index Universal Life ("IUL") policies, which we estimate are 60%-70% of its new life product sales. IULs have come under fire as controversial insurance products due to their complexity and high fees, which makes them incredibly difficult for the average person to understand. WFG recruiters used highly aggressive language by making claims about IULs such as "…Because there's a guarantee that you won't lose any money," and "…It works as an investment on steroids. You get up to 13, 14, sometimes 20, 25, 30% interest," and "I-U-L remember, I told you to write down index universal life. If you can qualify for that baby, your future is brighter than the sun. You need sunglasses to see your future because it's so bright."</li>
<li>The recruiter also provided illustrations that indicated monthly earnings potential of $4,320 through four sales per month, when in reality agents make just 0.4 sales per month and the average agent makes approximately $6,500 per year, which does not include costs. The recruiter also used emotionally charged language suggesting that they were "at war" against financial issues, while multiple Elite Circle groups for higher level agents make use of questionable military and ideological symbolism in training programs.</li>
<li>Ultimately, we believe WFG is an aggressive MLM, and we call for WFG to implement more conservative practices and better oversight of agents to dispel allegations in the market that it is a pyramid scheme. &nbsp;</li>
</ul>
</li>
<li>We believe an upstart competitor founded by one of WFG's former top producers may pose a threat to WFG's recruiting goals.
<ul>
<li>Global Financial Impact ("GFI")is a financial services platform recently founded by Eric Olson, who was at one point among WFG's top three producing agents. In roughly a year, GFI claims to have signed 26K new agents, with some being long-tenured top producers for WFG. By comparison, WFG aims to grow its agent force from ~82K today, to 110K by 2027. However, we believe GFI's early momentum may act as a major headwind to this goal.</li>
<li>In fact, the number of WFG multi-ticket agents declined on a sequential basis in Q3'24, which could be an indicator that Olson's GFI is having an impact. Moreover, website traffic data from Similarweb indicates that GFI has strong momentum year-to-date while WFG's traffic data has been declining. &nbsp;</li>
</ul>
</li>
<li>We believe Aegon's sell-side analysis do not properly account for the structural risks that exist in the Company's North American WFG business.
<ul>
<li>Furthermore, with analysts projecting just 7% upside to consensus price targets, we do not believe there is a favorable risk / reward in owning shares given elevated regulatory risks for MLMs and growing competitive forces. Based on our sum-of-parts potential valuation, we estimate a long-term share price range of approximately €2.99 – €4.67 ($3.14 – $4.91) per share (25% – 50% downside risk).</li>
<li>We expect Aegon to underperform the insurance sector along with the broader equity market.</li>
</ul>
</li>
</ul>

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Spruce Point Raises Concerns Over Aegon's MLM Practices Amid Regulatory Risks

Aegon Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading higher on Friday.</a>
In its third-quarter trading update, the company reported 336 million euros ($353.91 million) in operating capital generation and raised its full-year 2024 guidance to 1.2 billion euros,<a href="https://www.aegon.com/newsroom/news/press-releases/2024/trading-update-3q-2024" target="_blank" rel="noreferrer noopener"> up from 1.1 billion euros</a>.
Capital ratios for its main units remain solid, well above operating levels. A new 150 million euro share buyback program was announced, expected to be completed by mid-2025, which includes neutralizing shares issued for compensation plans.
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Cash capital at the holding level stood at 1.5 billion euros as of Sept. 30, with plans to reach 1 billion euros by 2026.
The company completed a program to purchase institutionally owned universal life policies, though terminated policies hurt the US RBC ratio by 16% points.
However, a recovery of 8% points is expected in the fourth quarter. Despite strong momentum in Asset Management and the UK Workplace platform, the U.S. Strategic Assets faced volatility, and the UK Adviser platform continues to struggle amid challenging market conditions.
Aegon's next strategic phase aims for operating capital generation of around EUR1.2 billion from its units and free cash flow of approximately 800 million euros by 2025.
The company also plans to increase its dividend per share to about 0.40, contingent on approvals and market conditions. Gross financial leverage is expected to remain around 5 billion euro.
Aegon will provide an update on its strategy and targets at its Capital Markets Day on Dec. 10, 2025.
Price Action: Aegon shares are trading higher by 1.89% to $6.46 at last check Friday.
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Life Insurance Firm Aegon Trades Higher As Capital Ratios 'Remain Solid'

<ul>
<li>Aegon today announces a planned new EUR 150 million share buyback program, consistent with its policy to return excess Cash Capital at Holding to shareholders in the absence of value-creating opportunities. Barring unforeseen circumstances, the share buyback program will start at the beginning of January 2025 and is expected to be completed on or before June 30, 2025. The start of this share buyback program will be announced separately in due course.&nbsp;</li>
<li>The new planned EUR 150 million share buyback program will include an amount of about EUR 40 million to meet Aegon's obligations resulting from the share-based compensation plans for senior management. The repurchased shares resulting from these compensation plans will be held as treasury shares until they are allocated to the plan participants. Aegon intends to cancel the remainder of the repurchased shares resulting from the new planned share buyback program, subject to any relevant approval.</li>
</ul>

Aegon Announces €150M Share Buyback Starting January 2025, With €40M For Compensation And The Rest For Cancellation, Pending Approval

Aegon trading update for third quarter 2024&nbsp;
• EUR 336 million operating capital generation, before holding funding and operating expenses. Full-year 2024 guidance raised to around EUR 1.2 billion, from around EUR 1.1 billion previously&nbsp;
• Capital ratios of the main units remain above their respective operating levels&nbsp;
• Planned new EUR 150 million share buyback program announced; completion expected in the first half of 2025. The program includes neutralization of shares issued for share-based compensation plans&nbsp;
• Cash Capital at Holding of EUR 1.5 billion as of September 30, 2024. Expect to reach mid-point of the target range (EUR 1.0 billion) by the end of 2026&nbsp;
• Completed program to purchase institutionally owned universal life policies. Terminated policies negatively impacted US RBC ratio by 16%-points. Expect 8%-points benefit in 4Q 2024 after equity funding repayment. Operating capital generation benefits from the program, as previously guided&nbsp;
• Strong commercial momentum in Asset Management and UK Workplace platform. US Strategic Assets experience c

Aegon Q3 Business Update: Operating Capital Generation €336M Before Holding Expenses; Raised FY24 Operating Capital Target To ~€1.2B, Up From The Previous Estimate Of €1.1B

<h3>Companies Reporting Before The Bell</h3>
• Sigma Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGML#NASDAQ">SGML</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $72.08 million. 
• Trinity Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIB#NASDAQ">TRIB</a>) is projected to report quarterly loss at $0.54 per share on revenue of $16.50 million. 
• Digihost Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGHI#NASDAQ">DGHI</a>) is projected to report quarterly loss at $0.13 per share on revenue of $9.90 million. 
• Aegon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) is projected to report earnings for its third quarter. 
• Bio-Path Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPTH#NASDAQ">BPTH</a>) is expected to report earnings for its third quarter. 
• WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) is likely to report quarterly loss at $0.68 per share on revenue of $1.00 million. 
• AIM ImmunoTech (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AIM#AMEX">AIM</a>) is likely to report quarterly loss at $0.10 per share on revenue of $20 thousand. 
• Nexxen International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXN#NASDAQ">NEXN</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $87.84 million. 
• RLX Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $105.08 million. 
• Alibaba Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) is projected to report quarterly earnings at $2.10 per share on revenue of $33.95 billion. 
• Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) is estimated to report quarterly earnings at $1.02 per share on revenue of $746.54 million. 
<h3>Companies Reporting After The Bell</h3>
• Neurogene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGNE#NASDAQ">NGNE</a>) is likely to report earnings for its third quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e983861405d5b0001b0a1bb/samad-samana">Jefferies analyst Samad Samana </a>upgraded Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) from Hold to Buy and raised the price target from $145 to $200. Paylocity shares closed at $171.45 on Monday. <a href="https://www.benzinga.com/quote/pcty/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Vikram Bagri upgraded the rating for First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) from Neutral to Buy and raised the price target from $200 to $254. First Solar shares closed at $196.25 on Monday. <a href="https://www.benzinga.com/quote/fslr/analyst-ratings">See how other analysts view this stock</a>.</li>
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<li>Seaport Global analyst David Joyce upgraded AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) from Neutral to Buy and announced a price target of $11. AMC Networks shares closed at $7.76 on Monday. <a href="https://www.benzinga.com/quote/amcx/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Nasib Ahmed upgraded the rating for Aegon Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) from Neutral to Buy. Aegon shares closed at $6.35 on Monday. <a href="https://www.benzinga.com/quote/aeg/analyst-ratings">See how other analysts view this stock.</a></li>
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UBS analyst Nasib Ahmed upgrades Aegon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) from Neutral to Buy.

UBS Upgrades Aegon to Buy

U.S. stock futures were slightly higher this morning, with the S&amp;P 500 futures gaining around 0.1% on Thursday.
Shares of Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) fell sharply in today's pre-market trading following<a href="https://www.benzinga.com/news/earnings/24/08/40495521/urban-outfitters-reports-q2-results-strong-eps-record-quarterly-sales"> second-quarter results.</a>
Urban Outfitters reported quarterly earnings of $1.24 per share, which beat the analyst consensus estimate of $1.01 per share. The company announced record quarterly sales of $1.35 billion, which beat the analyst consensus estimate.
Urban Outfitters shares dipped 11% to $36.94 in pre-market trading.
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<li>Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) shares dipped 12.1% to $12.80 in pre-market trading following second-quarter results.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares fell 10% to $121.54 in pre-market trading after reporting second-quarter results.</li>
<li>Lufax Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) shares declined 8.8% to $2.49 in pre-market trading following quarterly results.</li>
<li>Allego N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLG#NYSE">ALLG</a>) shares fell 6.8% to $1.90 in pre-market trading.</li>
<li>Aegon Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) shares declined 6.1% to $6.05 in pre-market trading following H1 operating results.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) shares fell 5.8% to $87.19 in pre-market trading following weak quarterly sales.</li>
<li>BW LPG Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWLP#NYSE">BWLP</a>) declined 5.3% to $14.98 in pre-market trading following quarterly results.</li>
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Urban Outfitters Reports Q2 Earnings Results, Joins Snowflake And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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Aegon shares are trading lower. The company H1 financial results.

Aegon H1 Operating Results €750M Down From €818M YoY, Net Loss €65M, Up Form €199M YoY

Aegon shares are trading lower after UBS downgraded the stock from Buy to Neutral

UBS analyst Nasib Ahmed downgrades Aegon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) from Buy to Neutral.

Downgrades

UBS Downgrades Aegon to Neutral

As of May 23, 2024, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Aegon Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>)</h3>
<ul>
<li>On May 16, Aegon reported a planned new € 200 million share buyback program. The company's stock gained around 10% over the past month and has a <a href="https://www.benzinga.com/quote/AEG">52-week high of $6.96</a>.</li>
<li>RSI Value: 73.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>AEG Price Action: Shares of Aegon fell 1.2% to close at $6.79 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Brown &amp; Brown, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>)</h3>
<ul>
<li>On April 22, Brown &amp; Brown posted better-than-expected first-quarter results. J. Powell Brown, President and Chief Executive Officer of the Company, noted, &#8220;Our teammates delivered strong organic revenue growth and margin expansion in the first quarter of 2024. We are very pleased with the start of the year.&#8221; The company's stock gained around 10% over the past month and <a href="https://www.benzinga.com/quote/BRO">has a 52-week high</a> &lt;/em>&lt;/a> of $91.70.</li>
<li>RSI Value: 81.26</li>
<li>BRO Price Action: Shares of Brown &amp; Brown rose 1.5% to close at $91.16 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Arthur J. Gallagher &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>)</h3>
<ul>
<li>On April 25, Arthur J. Gallagher posted mixed quarterly results. &#8220;We had a great first quarter to begin 2024&#8221; said J. Patrick Gallagher, Jr., Chairman and CEO. The company's stock gained around 8% over the past month and has a <a href="https://www.benzinga.com/quote/AJG">52-week high</a> of $259.35.</li>
<li>RSI Value: 73.11</li>
<li>AJG Price Action: Shares of Arthur J. Gallagher fell 0.1% to close at $257.65 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Hamilton Insurance Group, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HG#NYSE">HG</a>)</h3>
<ul>
<li>On May 8, Hamilton Insurance Group posted upbeat quarterly results. Pina Albo, CEO of Hamilton said, &#8220;I am very proud of Hamilton&#8217;s financial results for the first quarter. Not only did we generate strong underwriting and investment returns but also, this quarter marks our sixth consecutive quarter of underwriting profitability.&#8221; The company's stock jumped around 20% over the past month and has a 52-week high is $17.16.</li>
<li>RSI Value: 73.14</li>
<li>HG Price Action: Shares of Hamilton Insurance rose 1.2% to close at $16.84 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Moody&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>)</h3>
<ul>
<li>On May 2, Moody&#8217;s posted upbeat quarterly earnings. &#8220;Our strong first quarter financial performance is a testament to the unique power of our franchise, delivering tremendous operating leverage as issuance markets rebound, enabling us to fund innovation and investment in our business while delivering strong earnings growth,&#8221; said Rob Fauber, President and Chief Executive Officer of Moody&#8217;s. The company's stock jumped around 9% over the past month and &lt;a href=&#8221;https://www.benzinga.com/quote/MCO&#8221;&gt;&lt;em&gt; has a 52-week high &lt;/em&gt;&lt;/a&gt; of $417.75.</li>
<li>RSI Value: 73.02</li>
<li>MCO Price Action: Shares of Moody&#8217;s rose 0.5% to close at $415.09 on Wednesday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38978690/nvidia-bjs-wholesale-club-and-3-stocks-to-watch-heading-into-thursday">Nvidia, BJ&#8217;s Wholesale Club And 3 Stocks To Watch Heading Into Thursday</a>

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<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) stock moved upwards by 2.73% to $9.37 during Monday's regular session. Hippo Holdings's stock is trading at a volume of 14.4K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $217.8 million. </li>
<li>eHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) stock moved upwards by 2.67% to $6.92. eHealth's stock is trading at a volume of 459.1K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $184.6 million. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) stock rose 2.53% to $16.96. As of 12:40 EST, this security is trading at a volume of 569.6K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
<li>GoHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOCO#NASDAQ">GOCO</a>) shares increased by 2.15% to $12.35. Trading volume for this security as of 12:40 EST is 7.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $115.5 million. </li>
<li>FG Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGFPP#NASDAQ">FGFPP</a>) stock increased by 2.13% to $18.12. As of 12:40 EST, this security is trading at a volume of 2.0K shares, making up 0% of its average full-day volume over the last 100 days. </li>
<li>ProAssurance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRA#NYSE">PRA</a>) stock rose 1.91% to $13.86. The current volume of 52.5K shares is 0% of ProAssurance's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $693.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares declined by 4.67% to $0.66 during Monday's regular session. Huize Holding's stock is trading at a volume of 7.2K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $31.1 million. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock declined by 2.52% to $6.2. As of 12:40 EST, Fanhua's stock is trading at a volume of 5.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $360.2 million. </li>
<li>Genworth Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) shares fell 1.66% to $6.25. Trading volume for Genworth Finl's stock is 816.4K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.8 billion. </li>
<li>Aegon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) shares decreased by 1.59% to $5.92. Trading volume for Aegon's stock is 1.0 million as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $10.5 billion. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) shares fell 1.57% to $12.62. Crawford's stock is trading at a volume of 14.7K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at 616952173. </li>
<li>Brookfield Reinsurance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNRE#NYSE">BNRE</a>) stock decreased by 1.52% to $40.3. As of 12:40 EST, Brookfield Reinsurance's stock is trading at a volume of 180, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at 4535040213. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Insurance Stocks Moving In Monday's Intraday Session

AEGON shares are trading lower after the company reported 1H results.

U.S. stock futures traded higher this morning on Thursday. Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Tremor International Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trmr#NASDAQ">TRMR</a>) shares declined 27.2% to $4.56 in pre-market trading.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/he#NYSE">HE</a>) tumbled 15.3% to $12.03 in pre-market trading following a report suggesting the company is facing multiple lawsuits alleging negligence over the Maui fires and is intalks with financial restructuring firms.</li>
<li>Wolfspeed, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wolf#NYSE">WOLF</a>) dipped 13% to $46.27 in pre-market trading after the company reported mixed fourth-quarter financial results and issued first-quarter adjusted EPS guidance below estimates.</li>
<li>Asure Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asur#NASDAQ">ASUR</a>) shares declined 10.3% to $12.43 in pre-market trading after the company reported pricing of public offering of common stock.</li>
<li>VinFast Auto Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vfs#NASDAQ">VFS</a>) fell 10.3% to $27.02 in pre-market trading on volatility amid the company&#39;s recent Nasdaq debut.</li>
<li>Gold Fields Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gfi#NYSE">GFI</a>) fell 9.4% to $11.53 in pre-market trading as the company reported a decline in EPS for the half year.</li>
<li>GigaCloud Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gct#NASDAQ">GCT</a>) fell 4.4% to $11.08 in pre-market trading. GigaCloud Technology shares gained 14% on Wednesday after Roth MKM maintained a Buy rating on the stock and raised its price target from $13 to $16.</li>
<li>Borr Drilling Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/borr#NYSE">BORR</a>) fell 3% to $7.72 in pre-market trading following second-quarter results.</li>
<li>Aegon N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aeg#NYSE">AEG</a>) fell 2.6% to $5.22 in pre-market trading after the company swung to a net loss.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/08/33889192/fear-greed-index-moves-to-neutral-zone-after-fed-minutes"> Fear &amp; Greed Index Moves To &#39;Neutral&#39; Zone After Fed Minutes</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

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Wolfspeed, Asure Software, Gold Fields And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

AEGON NV Reports Operating Result of $891.56M In 1H FY23, EPS $(0.13)

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Palomar Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLMR#NASDAQ">PLMR</a>) shares moved upwards by 2.56% to $59.69 during Friday's regular session. Trading volume for this security as of 13:40 EST is 60.7K, which is 42.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.4 billion. </li>
<li>SelectQuote (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) stock moved upwards by 2.48% to $1.65. As of 13:40 EST, this security is trading at a volume of 634.3K shares, making up 41.3% of its average full-day volume over the last 100 days. The company's market cap stands at $279.1 million. </li>
<li>RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) shares moved upwards by 2.36% to $133.33. The current volume of 148.3K shares is 64.0% of RLI's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $6.0 billion. </li>
<li>BRP Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRP#NASDAQ">BRP</a>) stock moved upwards by 2.22% to $24.83. As of 13:40 EST, this security is trading at a volume of 191.7K shares, making up 48.4% of its average full-day volume over the last 100 days. The company's market cap stands at $1.5 billion. </li>
<li>Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) shares increased by 1.68% to $67.12. Brown &amp; Brown's stock is trading at a volume of 544.5K shares as of 13:40 EST. This is 44.3% of its average full-day volume over the last 100 days. The company's market cap stands at $19.0 billion. </li>
<li>Aegon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) stock moved upwards by 1.67% to $4.87. The current volume of 539.1K shares is 31.3% of Aegon's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $9.3 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Stewart Information Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STC#NYSE">STC</a>) shares fell 3.49% to $41.58 during Friday's regular session. As of 13:40 EST, Stewart Information Servs's stock is trading at a volume of 33.6K, which is 17.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares declined by 3.47% to $1.3. As of 13:40 EST, Kingstone Companies's stock is trading at a volume of 8.0K, which is 52.0% of its average full-day volume over the last 100 days. The company's market cap stands at $13.9 million. </li>
<li>eHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) shares fell 3.45% to $8.13. Trading volume for eHealth's stock is 126.6K as of 13:40 EST. This is 24.7% of its average full-day volume over the last 100 days. The company's market cap stands at $226.5 million. </li>
<li>Maiden Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) stock decreased by 3.28% to $2.07. As of 13:40 EST, Maiden Hldgs's stock is trading at a volume of 232.0K, which is 172.7% of its average full-day volume over the last 100 days. The company's market cap stands at $212.6 million. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) stock fell 3.2% to $16.96. Lemonade's stock is trading at a volume of 709.5K shares as of 13:40 EST. This is 44.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) shares declined by 3.15% to $30.81. The current volume of 68.2K shares is 31.4% of Mercury General's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $1.7 billion. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Insurance Stocks Moving In Friday's Intraday Session

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Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Aegon Ltd. (NYSE: AEG, Euronext: AGN)

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