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

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

Aegon Stock Performance

Shares of Aegon stock opened at $6.50 on Friday. The business has a 50-day moving average price of $6.00 and a 200 day moving average price of $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 twelve month low of $4.30 and a twelve month high of $6.56.

Aegon Increases Dividend

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

Institutional Trading of Aegon

Several institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its holdings in shares of Aegon by 22.3% in the third quarter. Commonwealth Equity Services LLC now owns 56,291 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 10,259 shares during the last quarter. Bank of New York Mellon Corp increased its position in Aegon by 12.3% during the third 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. Allworth Financial LP boosted its holdings in Aegon by 144.8% in the 3rd quarter. Allworth Financial LP now owns 8,201 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 4,851 shares during the last quarter. Signaturefd LLC grew its stake in shares of Aegon by 2.5% in the 3rd quarter. Signaturefd LLC now owns 113,920 shares of the financial services provider’s stock valued at $547,000 after buying an additional 2,815 shares during the period. Finally, Syon Capital LLC acquired a new stake in shares of Aegon during the 3rd quarter worth approximately $88,000. Institutional investors and hedge funds 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.