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

Aegon (NYSE:AEG - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Other equities research analysts also recently issued reports about the stock. Berenberg Bank raised shares of Aegon to a "strong-buy" rating in a research report on Thursday, May 29th. BNP Paribas Exane raised shares of Aegon from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 7th. Finally, BNP Paribas raised shares of Aegon from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Aegon has an average rating of "Buy".

Aegon Trading Down 2.1%

Shares of AEG stock opened at $6.95 on Friday. Aegon has a 52-week low of $5.42 and a 52-week high of $7.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.06 and a current ratio of 0.06. The company has a 50-day simple moving average of $7.00 and a two-hundred day simple moving average of $6.54. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 0.27 and a beta of 0.91.

Aegon declared that its board has authorized a share buyback plan on Friday, May 16th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. boosted its holdings in Aegon by 526.8% in the 1st quarter. Bessemer Group Inc. now owns 4,325 shares of the financial services provider's stock worth $29,000 after buying an additional 3,635 shares during the period. NewEdge Advisors LLC boosted its holdings in Aegon by 1,136.2% in the 4th quarter. NewEdge Advisors LLC now owns 4,846 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 4,454 shares during the period. SVB Wealth LLC bought a new position in Aegon in the 1st quarter valued at $42,000. Deutsche Bank AG bought a new position in Aegon in the 1st quarter valued at $61,000. Finally, Advisor Resource Council bought a new position in Aegon in the 1st quarter valued at $66,000. 4.32% of the stock is owned by institutional investors.

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.

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