UBS Group upgraded shares of Aegon (NYSE:AEG - Free Report) from a neutral rating to a buy rating in a report published on Tuesday morning, MarketBeat Ratings reports.
Aegon Stock Up 1.8 %
NYSE:AEG traded up $0.12 during mid-day trading on Tuesday, reaching $6.47. The company's stock had a trading volume of 2,533,976 shares, compared to its average volume of 2,375,996. Aegon has a 1 year low of $4.63 and a 1 year high of $6.96. The stock has a fifty day moving average of $6.19 and a 200-day moving average of $6.26. The firm has a market capitalization of $14.25 billion, a PE ratio of 6.98 and a beta of 1.07.
Aegon Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were issued a dividend of $0.1723 per share. This represents a yield of 4.9%. The ex-dividend date was Thursday, September 5th. Aegon's payout ratio is 32.97%.
Institutional Trading of Aegon
A number of hedge funds have recently bought and sold shares of AEG. Goldman Sachs Group Inc. boosted its position in Aegon by 10.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,140,423 shares of the financial services provider's stock valued at $23,849,000 after purchasing an additional 389,582 shares in the last quarter. Ballentine Partners LLC boosted its holdings 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 valued at $328,000 after buying an additional 8,915 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position 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 buying an additional 44,520 shares during the last quarter. Wealthstar Advisors LLC raised its stake in shares of 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 in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in 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 acquiring an additional 1,849 shares during the last quarter. Hedge funds and other institutional investors own 4.32% of the company's stock.
Aegon Company Profile
(
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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.
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