Aegon (NYSE:AEG) Reaches New 12-Month High – Should You Buy?

Shares of Aegon NV (NYSE:AEG) hit a new 52-week high during trading on Monday . The company traded as high as $9.48 and last traded at $9.4750, with a volume of 2684299 shares. The stock had previously closed at $9.44.

Key Headlines Impacting Aegon

Here are the key news stories impacting Aegon this week:

• Neutral Sentiment: Multiple entertainment articles discuss Aegon II’s return and Sunfyre’s survival in House of the Dragon. These stories are unrelated to Aegon N.V.’s insurance, financial, or capital-allocation outlook. Aegon Targaryen just landed the coolest scene in House of the Dragon history
• Neutral Sentiment: An article about Active Energy Group PLC reported maiden revenue of $319,637 from its Ghummud digital infrastructure facility. Although that company uses the AIM ticker AEG, it is a separate business and does not represent news about Aegon N.V. Active Energy reports maiden revenue from Ghummud digital infrastructure facility

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AEG shares. BNP Paribas Exane assumed coverage on shares of Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price objective on the stock. Weiss Ratings raised shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Zacks Research cut Aegon from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Finally, Morgan Stanley downgraded Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Aegon Trading Up 0.4%

The firm has a market capitalization of $19.01 billion, a P/E ratio of -59.22 and a beta of 0.84. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $8.69 and a 200-day simple moving average of $8.04.

Institutional Trading of Aegon

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in Aegon by 8.7% during the first quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,292 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Aegon by 13.1% during the 4th quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 1,298 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Aegon by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider’s stock valued at $856,000 after acquiring an additional 1,311 shares during the period. Parallel Advisors LLC grew its position in shares of Aegon by 8.1% during the 3rd quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 1,494 shares during the period. Finally, Earned Wealth Advisors LLC increased its stake in shares of Aegon by 14.6% in the 1st quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,508 shares in the last quarter. 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.