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 research report issued to clients and investors on Saturday.

Aegon Trading Up 1.1 %

AEG stock opened at $6.33 on Friday. The stock has a 50-day simple moving average of $5.97 and a two-hundred day simple moving average of $5.67. Aegon has a twelve month low of $4.22 and a twelve 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.

Institutional Investors Weigh In On Aegon

Several large investors have recently added to or reduced their stakes in AEG. Allworth Financial LP raised its position in shares of Aegon by 144.8% during the 3rd quarter. Allworth Financial LP now owns 8,201 shares of the financial services provider’s stock valued at $39,000 after buying an additional 4,851 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of Aegon in the 3rd quarter worth about $58,000. M&T Bank Corp purchased a new position in shares of Aegon in the 4th quarter worth about $60,000. Certuity LLC purchased a new position in shares of Aegon during the 4th quarter valued at about $62,000. Finally, Perigon Wealth Management LLC purchased a new position in shares of Aegon during the 1st quarter valued at 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.