Aegon (NYSE:AEG) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Aegon (NYSE:AEG) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Aegon Trading Up 1.2 %

Aegon stock opened at $6.21 on Friday. Aegon has a 12-month low of $4.22 and a 12-month high of $6.38. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average price is $5.92 and its 200 day moving average price is $5.62.

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 is an increase from Aegon’s previous semi-annual dividend of $0.15. The ex-dividend date is Monday, June 17th. This represents a yield of 4.9%.

Institutional Investors Weigh In On Aegon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Resource Council purchased a new stake in Aegon during the 4th quarter worth $69,000. Prime Capital Investment Advisors LLC increased its position in shares of Aegon by 48.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 22,817 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 7,492 shares during the last quarter. Blue Trust Inc. increased its position in shares of Aegon by 580.7% in the 4th quarter. Blue Trust Inc. now owns 12,069 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 10,296 shares during the last quarter. Legacy Wealth Asset Management LLC bought a new stake in shares of Aegon in the 4th quarter worth about $518,000. Finally, Bank of New York Mellon Corp increased its position 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 worth $486,000 after purchasing an additional 11,117 shares during the last quarter. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Company Profile

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.