Aegon (NYSE:AEG) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Aegon (NYSE:AEG) from a hold rating to a buy rating in a research report report published on Thursday morning.

Aegon Trading Up 0.4 %

Shares of AEG opened at $5.90 on Thursday. Aegon has a twelve month low of $4.22 and a twelve month high of $6.38. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.08 and a quick ratio of 0.08. The company’s fifty day simple moving average is $5.88 and its 200-day simple moving average is $5.57.

Aegon Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AEG. Wellington Management Group LLP bought a new position in shares of Aegon in the first quarter worth about $117,160,000. Dimensional Fund Advisors LP bought a new position in Aegon during the 4th quarter worth about $25,961,000. Point72 Europe London LLP bought a new position in Aegon during the 4th quarter worth about $4,118,000. BlackRock Inc. grew its holdings in Aegon by 14.5% during the 3rd quarter. BlackRock Inc. now owns 5,503,613 shares of the financial services provider’s stock worth $21,794,000 after acquiring an additional 697,389 shares in the last quarter. Finally, Brandes Investment Partners LP grew its holdings in Aegon by 45.5% during the 4th quarter. Brandes Investment Partners LP now owns 1,922,545 shares of the financial services provider’s stock worth $11,074,000 after acquiring an additional 601,003 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors.

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.