Aegon (NYSE:AEG) Raised to Buy at StockNews.com

Aegon (NYSE:AEG) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Aegon Stock Down 0.2 %

AEG traded down $0.02 during midday trading on Monday, hitting $6.60. 7,906,068 shares of the company traded hands, compared to its average volume of 3,736,301. The company’s 50-day moving average is $6.47 and its 200 day moving average is $6.31. The firm has a market capitalization of $14.54 billion, a PE ratio of 6.87 and a beta of 1.03. Aegon has a 52 week low of $5.66 and a 52 week high of $6.96.

Institutional Investors Weigh In On Aegon

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in shares of Aegon by 1,136.2% in the 4th quarter. NewEdge Advisors LLC now owns 4,846 shares of the financial services provider’s stock worth $29,000 after buying an additional 4,454 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Aegon in the third quarter worth about $48,000. Smartleaf Asset Management LLC boosted its position in Aegon by 70.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,184 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 3,802 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of Aegon during the 4th quarter valued at about $65,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in shares of Aegon during the 4th quarter valued at about $68,000. 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.