Aegon (NYSE:AEG) Cut to Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Aegon (NYSE:AEG – Free Report) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

AEG has been the subject of several other reports. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aegon in a research note on Wednesday, October 8th. Zacks Research raised shares of Aegon from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Check Out Our Latest Report on AEG

Aegon Trading Up 1.1%

AEG opened at $7.49 on Friday. The stock has a fifty day simple moving average of $7.72 and a two-hundred day simple moving average of $7.20. The company has a market cap of $15.02 billion, a price-to-earnings ratio of -28.79, a price-to-earnings-growth ratio of 0.23 and a beta of 0.97. Aegon has a 12-month low of $5.42 and a 12-month high of $8.15.

Aegon Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were paid a dividend of $0.1876 per share. This represents a yield of 584.0%. The ex-dividend date was Thursday, September 4th. Aegon’s dividend payout ratio (DPR) is currently -146.15%.

Institutional Trading of Aegon

Institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its position in shares of Aegon by 6.5% during the second quarter. Sequoia Financial Advisors LLC now owns 23,576 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 1,440 shares in the last quarter. Royal Bank of Canada increased its position 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 in the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Aegon by 7.0% in the 2nd quarter. Personal CFO Solutions LLC now owns 25,740 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 1,689 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Aegon by 0.4% in the 1st quarter. Sei Investments Co. now owns 487,913 shares of the financial services provider’s stock worth $3,215,000 after purchasing an additional 1,772 shares in the last quarter. Finally, Wealthstar Advisors LLC increased its holdings in shares of Aegon by 2.1% in the 2nd quarter. Wealthstar Advisors LLC now owns 96,994 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,955 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors.

Aegon Company Profile

(Get Free Report)

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.

See Also