Aegon (NYSE:AEG) Raised to “Buy” at StockNews.com

Aegon (NYSE:AEG) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Aegon Price Performance

Shares of AEG stock opened at $5.87 on Thursday. The firm’s 50 day moving average price is $5.88 and its 200-day moving average price is $5.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.08 and a current ratio of 0.08. Aegon has a one year low of $4.22 and a one year high of $6.38.

Institutional Investors Weigh In On Aegon

A number of hedge funds have recently added to or reduced their stakes in AEG. Advisor Resource Council acquired a new stake in shares of Aegon in the 4th quarter worth $69,000. Prime Capital Investment Advisors LLC grew its holdings in 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 buying an additional 7,492 shares in the last quarter. Blue Trust Inc. grew its stake in Aegon by 580.7% in the 4th quarter. Blue Trust Inc. now owns 12,069 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 10,296 shares during the period. Bank of New York Mellon Corp grew its stake in Aegon by 12.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 101,302 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 11,117 shares during the period. Finally, Axxcess Wealth Management LLC bought a new position in Aegon in the 3rd quarter valued at $58,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.

About Aegon

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.