Aegon NV (NYSE:AEG) Receives Consensus Rating of “Hold” from Brokerages

Aegon NV (NYSE:AEG) has received a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $10.00.

AEG has been the topic of a number of research reports. BNP Paribas Exane began coverage on shares of Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 target price on the stock. Citigroup reiterated a “buy” rating on shares of Aegon in a report on Monday, May 11th. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Finally, Morgan Stanley downgraded Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th.

Hedge Funds Weigh In On Aegon

Several institutional investors have recently made changes to their positions in AEG. BNP Paribas Financial Markets lifted its stake in Aegon by 306.1% in the second quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock worth $44,667,000 after acquiring an additional 4,650,272 shares during the period. Dimensional Fund Advisors LP increased its position in Aegon by 27.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,869,198 shares of the financial services provider’s stock valued at $78,853,000 after purchasing an additional 2,127,932 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Aegon during the 3rd quarter valued at about $15,408,000. Tower Research Capital LLC TRC raised its holdings in shares of Aegon by 46,430.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,207,468 shares of the financial services provider’s stock valued at $9,648,000 after purchasing an additional 1,204,873 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Aegon in the 2nd quarter valued at about $8,022,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Trading Up 0.6%

AEG stock opened at $8.77 on Friday. Aegon has a 12 month low of $6.75 and a 12 month high of $8.82. The firm’s 50-day moving average is $8.47 and its 200 day moving average is $7.88. The company has a market capitalization of $17.59 billion, a PE ratio of -54.81 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.

Aegon Company Profile

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.