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

Aegon (NYSE:AEG) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, MarketBeat reports.

Aegon Trading Down 1.0 %

Aegon stock opened at $6.41 on Tuesday. Aegon has a 12 month low of $4.67 and a 12 month high of $6.96. The stock has a fifty day simple moving average of $6.20 and a two-hundred day simple moving average of $6.26. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 7.04 and a beta of 1.07.

Institutional Trading of Aegon

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Aegon by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,920,536 shares of the financial services provider’s stock valued at $30,163,000 after purchasing an additional 394,114 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Aegon by 10.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,140,423 shares of the financial services provider’s stock worth $23,849,000 after buying an additional 389,582 shares during the last quarter. Dorsey Wright & Associates purchased a new position in shares of Aegon in the 2nd quarter worth $2,228,000. Employees Retirement System of Texas bought a new stake in shares of Aegon in the second quarter worth $1,980,000. Finally, BNP Paribas Financial Markets purchased a new stake in Aegon during the first quarter valued at $1,600,000. 4.32% of the stock is currently 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.