Aegon (NYSE:AEG) Rating Increased to Buy at UBS Group

Aegon (NYSE:AEG) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, Marketbeat.com reports.

Aegon Price Performance

Shares of NYSE AEG opened at $6.41 on Tuesday. Aegon has a 1 year low of $4.67 and a 1 year high of $6.96. The stock has a market capitalization of $14.12 billion, a P/E ratio of 7.04 and a beta of 1.07. The company’s 50-day moving average is $6.20 and its 200 day moving average is $6.26.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in shares of Aegon by 240.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,114 shares of the financial services provider’s stock worth $25,000 after buying an additional 2,905 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Aegon in the second quarter worth $30,000. GAMMA Investing LLC increased its holdings in shares of Aegon by 79.5% during the second quarter. GAMMA Investing LLC now owns 5,094 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 2,256 shares in the last quarter. CWM LLC raised its position in shares of Aegon by 83.6% in the 2nd quarter. CWM LLC now owns 5,725 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 2,606 shares during the last quarter. Finally, Verus Capital Partners LLC bought a new position in Aegon in the 2nd quarter worth about $61,000. 4.32% of the stock is owned by hedge funds and other institutional investors.

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.