Aegon (NYSE:AEG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Aegon (NYSE:AEG) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Aegon Stock Up 0.4 %

AEG stock opened at $5.90 on Thursday. The company’s 50 day moving average price is $5.88 and its 200 day moving average price is $5.57. 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 fifty-two week low of $4.22 and a fifty-two week high of $6.38.

Aegon Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 8th. Shareholders of record on Monday, June 17th will be paid a $0.1734 dividend. This is a positive change from Aegon’s previous semi-annual dividend of $0.15. This represents a yield of 4.9%. The ex-dividend date is Monday, June 17th.

Hedge Funds Weigh In On Aegon

Several hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new position in Aegon in the first quarter valued at approximately $117,160,000. Morgan Stanley grew its position in shares of Aegon by 1.4% during the third quarter. Morgan Stanley now owns 6,338,637 shares of the financial services provider’s stock worth $30,425,000 after acquiring an additional 85,055 shares during the last quarter. BlackRock Inc. grew its position in shares of Aegon by 14.5% during the third quarter. BlackRock Inc. now owns 5,503,613 shares of the financial services provider’s stock worth $21,794,000 after acquiring an additional 697,389 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Aegon by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,937,745 shares of the financial services provider’s stock worth $25,034,000 after acquiring an additional 79,456 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Aegon by 10.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,140,423 shares of the financial services provider’s stock worth $23,849,000 after acquiring an additional 389,582 shares during the last quarter. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

Aegon Company Profile

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, and mutual funds; mortgage loans; and individual retirement accounts, as well as stable value, investment management, and digital banking solutions.