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

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

Several other equities analysts have also recently weighed in on the stock. BNP Paribas Exane raised shares of Aegon from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 7th. BNP Paribas raised shares of Aegon from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 7th.

Aegon Price Performance

Shares of NYSE AEG opened at $6.73 on Tuesday. The firm has a fifty day moving average price of $6.35 and a 200-day moving average price of $6.31. The stock has a market cap of $14.84 billion, a PE ratio of 7.01 and a beta of 0.91. Aegon has a 1 year low of $5.42 and a 1 year high of $6.96.

Aegon Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.1992 per share. This represents a yield of 5.3%. This is a boost from Aegon’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Tuesday, June 17th. Aegon’s dividend payout ratio (DPR) is presently 34.38%.

Hedge Funds Weigh In On Aegon

Several institutional investors have recently bought and sold shares of AEG. Wealthstar Advisors LLC bought a new position in Aegon during the fourth quarter valued at $601,000. Savant Capital LLC lifted its position in Aegon by 6.4% during the fourth quarter. Savant Capital LLC now owns 37,744 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 2,275 shares during the last quarter. OLD Mission Capital LLC lifted its position in Aegon by 450.5% during the fourth quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider’s stock valued at $6,059,000 after purchasing an additional 841,863 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Aegon by 51.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 202,259 shares of the financial services provider’s stock valued at $1,191,000 after purchasing an additional 68,310 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Aegon during the fourth quarter valued at $15,397,000. 4.32% of the stock is owned by hedge funds and other institutional investors.

Aegon Company Profile

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.