Aegon’s (AEG) “Buy (B+)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their buy (b+) rating on shares of Aegon (NYSE:AEG) in a report published on Friday,Weiss Ratings reports.

AEG has been the subject of several other research reports. Zacks Research upgraded Aegon from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Wall Street Zen upgraded Aegon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Aegon Stock Down 0.1%

Shares of NYSE:AEG opened at $7.41 on Friday. The business has a 50 day moving average price of $7.72 and a 200 day moving average price of $7.19. Aegon has a twelve month low of $5.42 and a twelve month high of $8.15. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.23 and a beta of 0.97.

Aegon Cuts Dividend

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

Hedge Funds Weigh In On Aegon

Several large investors have recently added to or reduced their stakes in AEG. Bessemer Group Inc. raised its holdings in Aegon by 526.8% in the 1st quarter. Bessemer Group Inc. now owns 4,325 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 3,635 shares in the last quarter. Shilanski & Associates Inc. acquired a new position in Aegon in the 1st quarter valued at approximately $171,000. Diversify Wealth Management LLC raised its holdings in Aegon by 10.6% in the 1st quarter. Diversify Wealth Management LLC now owns 120,744 shares of the financial services provider’s stock valued at $787,000 after acquiring an additional 11,524 shares in the last quarter. Ballentine Partners LLC raised its holdings in Aegon by 40.5% in the 1st quarter. Ballentine Partners LLC now owns 81,347 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 23,438 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Aegon by 119,047.6% in the 1st quarter. Larson Financial Group LLC now owns 100,084 shares of the financial services provider’s stock valued at $660,000 after acquiring an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 4.32% of the company’s stock.

Aegon Company Profile

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.