Aegon (NYSE:AEG) Upgraded by UBS Group to Buy

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

Aegon Stock Performance

NYSE:AEG opened at $6.43 on Tuesday. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 7.07 and a beta of 1.07. Aegon has a 52-week low of $4.68 and a 52-week high of $6.96. The stock has a fifty day moving average of $6.20 and a 200 day moving average of $6.26.

Aegon Cuts Dividend

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

Institutional Investors Weigh In On Aegon

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in Aegon by 240.3% during the first quarter. EverSource Wealth Advisors LLC now owns 4,114 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 2,905 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Aegon during the second quarter worth about $30,000. GAMMA Investing LLC lifted its stake in Aegon by 79.5% during the second quarter. GAMMA Investing LLC now owns 5,094 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 2,256 shares during the last quarter. CWM LLC lifted its stake in Aegon by 83.6% during the second quarter. CWM LLC now owns 5,725 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 2,606 shares during the last quarter. Finally, Verus Capital Partners LLC bought a new stake in Aegon during the second quarter worth about $61,000. Institutional investors own 4.32% of the company’s stock.

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.