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

Aegon (NYSE:AEG) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Aegon Stock Performance

NYSE AEG opened at $6.13 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.48. The firm’s 50 day simple moving average is $5.91 and its 200 day simple moving average is $5.61. Aegon has a 1 year low of $4.22 and a 1 year high of $6.38.

Institutional Trading of Aegon

Hedge funds have recently added to or reduced their stakes in the stock. Advisor Resource Council acquired a new stake in Aegon in the fourth quarter valued at approximately $69,000. Prime Capital Investment Advisors LLC lifted its holdings in shares of Aegon by 48.9% during the fourth 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 period. Blue Trust Inc. lifted its holdings in shares of Aegon by 580.7% during the fourth 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 period. Legacy Wealth Asset Management LLC acquired a new position in shares of Aegon during the fourth quarter worth $518,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of 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 period. Institutional investors and hedge funds 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.