StockNews.com Downgrades Aegon (NYSE:AEG) to Hold

StockNews.com lowered shares of Aegon (NYSE:AEG) from a buy rating to a hold rating in a research note released on Saturday morning.

Aegon Price Performance

Shares of AEG stock opened at $6.50 on Friday. The company’s fifty day moving average price is $6.00 and its 200-day moving average price is $5.71. 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 one year low of $4.30 and a one year high of $6.56.

Aegon Increases Dividend

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

Institutional Trading of Aegon

A number of large investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Aegon by 144.8% in the 3rd quarter. Allworth Financial LP now owns 8,201 shares of the financial services provider’s stock worth $39,000 after buying an additional 4,851 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Aegon in the 3rd quarter worth about $58,000. M&T Bank Corp purchased a new position in shares of Aegon during the 4th quarter worth about $60,000. Certuity LLC bought a new position in Aegon during the 4th quarter valued at about $62,000. Finally, Perigon Wealth Management LLC bought a new stake in Aegon in the first quarter worth about $64,000. 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.