Aegon (NYSE:AEG) Cut to Hold at StockNews.com

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

Aegon Price Performance

NYSE:AEG opened at $6.33 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $5.97 and a 200 day moving average of $5.68. Aegon has a 52 week low of $4.22 and a 52 week high of $6.38.

Institutional Investors Weigh In On Aegon

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP purchased a new position in Aegon during the fourth quarter valued at $25,961,000. Raymond James & Associates purchased a new stake in Aegon in the first quarter worth about $16,482,000. Point72 Europe London LLP purchased a new position in shares of Aegon during the fourth quarter valued at approximately $4,118,000. Brandes Investment Partners LP grew its stake in shares of Aegon by 45.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,922,545 shares of the financial services provider’s stock worth $11,074,000 after buying an additional 601,003 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in 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 valued at $23,849,000 after buying an additional 389,582 shares during the last quarter. 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.