Aegon (NYSE:AEG) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Aegon (NYSE:AEG) from a neutral rating to a buy rating in a report released on Tuesday morning, Marketbeat.com reports.

Aegon Trading Up 1.8 %

Shares of Aegon stock opened at $6.47 on Tuesday. Aegon has a 12-month low of $4.63 and a 12-month high of $6.96. The company has a market cap of $14.25 billion, a P/E ratio of 7.10 and a beta of 1.07. The company’s fifty day simple moving average is $6.20 and its two-hundred day simple moving average is $6.26.

Aegon Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were paid a $0.1723 dividend. This represents a yield of 4.9%. The ex-dividend date was Thursday, September 5th. Aegon’s payout ratio is 32.97%.

Hedge Funds Weigh In On Aegon

A number of hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in shares of Aegon by 10.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,140,423 shares of the financial services provider’s stock valued at $23,849,000 after purchasing an additional 389,582 shares during the last quarter. Ballentine Partners LLC boosted its stake in Aegon by 19.7% in the 1st quarter. Ballentine Partners LLC now owns 54,215 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 8,915 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Aegon by 434.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 54,773 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 44,520 shares during the last quarter. Wealthstar Advisors LLC boosted its position in shares of Aegon by 4.3% during the 1st quarter. Wealthstar Advisors LLC now owns 96,697 shares of the financial services provider’s stock valued at $585,000 after acquiring an additional 4,028 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its position in shares of Aegon by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 91,827 shares of the financial services provider’s stock valued at $556,000 after acquiring an additional 1,849 shares during the last quarter. Hedge funds and other institutional investors 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.