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

Aegon (NYSE:AEG) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Aegon Stock Performance

Shares of NYSE:AEG opened at $6.33 on Friday. Aegon has a 1-year low of $4.22 and a 1-year high of $6.38. The firm’s 50 day simple moving average is $5.97 and its two-hundred day simple moving average is $5.67. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.48.

Institutional Trading of Aegon

Several institutional investors have recently made changes to their positions in AEG. Dimensional Fund Advisors LP purchased a new position in Aegon during the fourth quarter valued at $25,961,000. Raymond James & Associates purchased a new position in shares of Aegon during the first quarter valued at about $16,482,000. Point72 Europe London LLP purchased a new position in shares of Aegon during the fourth quarter valued at about $4,118,000. Brandes Investment Partners LP increased its holdings in shares of Aegon by 45.5% in the fourth quarter. Brandes Investment Partners LP now owns 1,922,545 shares of the financial services provider’s stock worth $11,074,000 after purchasing an additional 601,003 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Aegon by 10.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,140,423 shares of the financial services provider’s stock worth $23,849,000 after buying an additional 389,582 shares in the last quarter. Hedge funds and other institutional investors own 4.32% of the company’s stock.

About Aegon

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.