StockNews.com Downgrades Aegon (NYSE:AEG) to Hold

Aegon (NYSE:AEG) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Aegon Stock Up 1.1 %

Shares of AEG opened at $6.33 on Friday. The business has a 50-day moving average of $5.97 and a 200-day moving average of $5.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.08 and a current ratio of 0.08. Aegon has a 1 year low of $4.22 and a 1 year high of $6.38.

Institutional Investors Weigh In On Aegon

A number of hedge funds have recently added to or reduced their stakes in AEG. Legacy Wealth Asset Management LLC grew its holdings in Aegon by 2.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 91,827 shares of the financial services provider’s stock worth $556,000 after buying an additional 1,849 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Aegon by 10.1% in the first quarter. Sequoia Financial Advisors LLC now owns 21,781 shares of the financial services provider’s stock worth $132,000 after buying an additional 2,002 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Aegon by 0.4% in the third quarter. PNC Financial Services Group Inc. now owns 600,504 shares of the financial services provider’s stock worth $2,882,000 after buying an additional 2,240 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Aegon by 16.8% in the fourth quarter. Parallel Advisors LLC now owns 17,603 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 2,526 shares during the period. Finally, Signaturefd LLC grew its stake in Aegon by 2.5% during the third quarter. Signaturefd LLC now owns 113,920 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 2,815 shares in the last quarter. 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.