Aegon (NYSE:AEG) Stock Passes Above 200 Day Moving Average – Here’s Why

Aegon NV (NYSE:AEG)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 research firms recently commented on AEG. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research note on Monday, May 11th. BNP Paribas Exane began coverage on Aegon in a research note on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective on the stock. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Morgan Stanley lowered Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Finally, Wall Street Zen lowered Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. One equities 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Aegon Stock Performance

The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $7.80 and a 200-day simple moving average of $7.69. The stock has a market capitalization of $17.26 billion, a price-to-earnings ratio of -53.78, a price-to-earnings-growth ratio of 0.75 and a beta of 0.85.

Hedge Funds Weigh In On Aegon

Several institutional investors have recently added to or reduced their stakes in AEG. Blue Trust Inc. grew its stake in Aegon by 8.7% in the 1st quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 1,292 shares during the period. Allworth Financial LP grew its stake in Aegon by 13.1% in the 4th quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,298 shares during the period. Bank of New York Mellon Corp grew its stake in Aegon by 1.1% in 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 purchasing an additional 1,311 shares during the period. Parallel Advisors LLC grew its stake in Aegon by 8.1% in the 3rd quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 1,494 shares during the period. Finally, Earned Wealth Advisors LLC grew its stake in Aegon by 14.6% in the 1st quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,508 shares during the period. 4.32% of the stock is owned by institutional investors and hedge funds.

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.