Aegon NV (NYSE:AEG) Receives Average Rating of “Hold” from Analysts

Shares of Aegon NV (NYSE:AEG) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $10.00.

A number of analysts recently commented on the company. Weiss Ratings upgraded Aegon from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Wall Street Zen lowered Aegon from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. BNP Paribas Exane assumed coverage on Aegon in a report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price target on the stock. Morgan Stanley lowered Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th. Finally, Citigroup restated a “buy” rating on shares of Aegon in a research note on Monday, May 11th.

Aegon Stock Performance

Shares of Aegon stock opened at $8.24 on Monday. The business’s fifty day simple moving average is $8.07 and its 200 day simple moving average is $7.74. The firm has a market capitalization of $16.52 billion, a P/E ratio of -51.47, a price-to-earnings-growth ratio of 0.72 and a beta of 0.84. Aegon has a 12 month low of $6.64 and a 12 month high of $8.81. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36.

Institutional Trading of Aegon

Hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Aegon in the fourth quarter valued at $33,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Aegon by 321.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock valued at $35,000 after buying an additional 3,440 shares during the period. Quantessence Capital LLC bought a new stake in shares of Aegon in the fourth quarter valued at $78,000. Wedmont Private Capital bought a new stake in shares of Aegon in the fourth quarter valued at $80,000. Finally, AlphaCore Capital LLC bought a new stake in shares of Aegon in the third quarter valued at $81,000. 4.32% of the stock is currently owned by institutional investors.

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.