Aegon (NYSE:AEG) Upgraded at Zacks Research

Zacks Research upgraded shares of Aegon (NYSE:AEG) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of Aegon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Aegon presently has a consensus rating of “Buy”.

Aegon Trading Down 0.8%

Shares of NYSE AEG opened at $7.93 on Monday. The stock has a market cap of $15.90 billion, a P/E ratio of 8.26, a PEG ratio of 0.25 and a beta of 0.97. The business’s fifty day simple moving average is $7.60 and its 200-day simple moving average is $7.04. Aegon has a 12-month low of $5.42 and a 12-month high of $8.15.

Aegon Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were given a $0.1876 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a yield of 584.0%. Aegon’s payout ratio is 39.58%.

Institutional Trading of Aegon

A number of large investors have recently made changes to their positions in AEG. Arrowstreet Capital Limited Partnership grew its stake in Aegon by 104.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 21,006,803 shares of the financial services provider’s stock worth $152,089,000 after buying an additional 10,732,972 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Aegon by 306.1% in the second quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock valued at $44,667,000 after acquiring an additional 4,650,272 shares during the period. Wellington Management Group LLP grew its position in shares of Aegon by 13.8% during the first quarter. Wellington Management Group LLP now owns 4,801,133 shares of the financial services provider’s stock worth $31,639,000 after acquiring an additional 582,622 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Aegon by 2,348.0% in the 2nd quarter. Acadian Asset Management LLC now owns 3,482,943 shares of the financial services provider’s stock valued at $25,200,000 after acquiring an additional 3,340,666 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of Aegon by 0.8% in the 1st quarter. Raymond James Financial Inc. now owns 2,634,059 shares of the financial services provider’s stock valued at $17,358,000 after acquiring an additional 20,015 shares during the period. 4.32% of the stock is owned by institutional investors and hedge funds.

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.