Aegon (NYSE:AEG) Upgraded at StockNews.com

StockNews.com upgraded shares of Aegon (NYSE:AEG) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Aegon Trading Down 0.5 %

Shares of Aegon stock opened at $5.86 on Thursday. The stock has a market capitalization of $15.56 billion, a PE ratio of 6.23 and a beta of 1.15. Aegon has a 52 week low of $4.22 and a 52 week high of $6.38. The stock has a 50 day moving average price of $5.88 and a two-hundred day moving average price of $5.58. 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 Increases Dividend

The firm 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 dividend of $0.1734 per share. This represents a yield of 4.9%. The ex-dividend date is Monday, June 17th. This is a positive change from Aegon’s previous semi-annual dividend of $0.15. Aegon’s payout ratio is 27.66%.

Institutional Investors Weigh In On Aegon

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legacy Wealth Asset Management LLC boosted its position in shares of Aegon by 2.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 91,827 shares of the financial services provider’s stock valued at $556,000 after buying an additional 1,849 shares during the last quarter. Wealthstar Advisors LLC boosted its holdings in Aegon by 4.3% during the 1st quarter. Wealthstar Advisors LLC now owns 96,697 shares of the financial services provider’s stock worth $585,000 after acquiring an additional 4,028 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Aegon by 434.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 54,773 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 44,520 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Aegon by 19.7% in the 1st quarter. Ballentine Partners LLC now owns 54,215 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 8,915 shares in the last quarter. Finally, Fulton Bank N.A. purchased a new stake in shares of Aegon in the first quarter valued at about $194,000. 4.32% of the stock is owned by institutional investors.

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.