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

Aegon (NYSE:AEG) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Aegon Price Performance

AEG stock opened at $6.13 on Friday. Aegon has a 1-year low of $4.22 and a 1-year high of $6.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.08 and a current ratio of 0.08. The business has a 50 day simple moving average of $5.91 and a two-hundred day simple moving average of $5.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Legacy Wealth Asset Management LLC boosted its position in shares of Aegon by 2.1% during the 1st 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. PNC Financial Services Group Inc. raised its holdings in Aegon by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 600,504 shares of the financial services provider’s stock valued at $2,882,000 after buying an additional 2,240 shares during the period. Parallel Advisors LLC raised its holdings in Aegon by 16.8% during the 4th quarter. Parallel Advisors LLC now owns 17,603 shares of the financial services provider’s stock valued at $101,000 after buying an additional 2,526 shares during the period. Signaturefd LLC raised its holdings in Aegon by 2.5% during the 3rd quarter. Signaturefd LLC now owns 113,920 shares of the financial services provider’s stock valued at $547,000 after buying an additional 2,815 shares during the period. Finally, Caprock Group LLC raised its holdings in Aegon by 13.4% during the 3rd quarter. Caprock Group LLC now owns 25,775 shares of the financial services provider’s stock valued at $124,000 after buying an additional 3,045 shares during the period. 4.32% of the stock is currently owned by institutional investors.

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.