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

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

AEG has been the subject of several other reports. Wall Street Zen raised shares of Aegon from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Zacks Research raised shares of Aegon from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Aegon Stock Performance

NYSE AEG opened at $7.66 on Wednesday. Aegon has a one year low of $5.42 and a one year high of $8.15. The company has a 50-day simple moving average of $7.69 and a 200-day simple moving average of $7.09. The firm has a market capitalization of $15.36 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 0.24 and a beta of 0.97.

Aegon Cuts Dividend

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

Institutional Trading of Aegon

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC raised its holdings in shares of Aegon by 6.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,576 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 1,440 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Aegon by 2.1% during the first quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 1,551 shares during the period. Personal CFO Solutions LLC raised its holdings in shares of Aegon by 7.0% during the second quarter. Personal CFO Solutions LLC now owns 25,740 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 1,689 shares during the period. Sei Investments Co. raised its holdings in shares of Aegon by 0.4% during the first quarter. Sei Investments Co. now owns 487,913 shares of the financial services provider’s stock valued at $3,215,000 after acquiring an additional 1,772 shares during the period. Finally, Wealthstar Advisors LLC raised its holdings in shares of Aegon by 2.1% during the second quarter. Wealthstar Advisors LLC now owns 96,994 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 1,955 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 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.