Aegon (NYSE:AEG) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Aegon NV (NYSE:AEG)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.69 and traded as high as $8.65. Aegon shares last traded at $8.6050, with a volume of 2,962,451 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AEG shares. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research report on Monday, May 11th. BNP Paribas Exane initiated coverage on shares of Aegon in a research note on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price target for the company. Wall Street Zen cut shares of Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings raised shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, Morgan Stanley cut shares of Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Aegon Stock Performance

The firm has a 50 day moving average of $7.84 and a two-hundred day moving average of $7.70. The stock has a market cap of $17.55 billion, a PE ratio of -54.69, a PEG ratio of 0.75 and a beta of 0.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07.

Institutional Investors Weigh In On Aegon

Institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Aegon in the fourth quarter valued at $33,000. Caitong International Asset Management Co. Ltd raised its holdings in Aegon by 321.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 3,440 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Aegon by 299.5% in the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 5,555 shares in the last quarter. Quantessence Capital LLC purchased a new position in Aegon in the fourth quarter worth $78,000. Finally, Wedmont Private Capital purchased a new position in Aegon in the fourth quarter worth $80,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

About Aegon

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.