Aegon NV (NYSE:AEG) Given Consensus Recommendation of “Hold” by Analysts

Shares of Aegon NV (NYSE:AEG) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $10.00.

AEG has been the topic of several analyst reports. Morgan Stanley downgraded shares of Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. 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 reissued a “buy” rating on shares of Aegon in a research report on Monday, May 11th. Wall Street Zen cut shares of Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, BNP Paribas Exane assumed coverage on shares of Aegon in a research report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective for the company.

Hedge Funds Weigh In On Aegon

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position 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 buying an additional 1,292 shares during the last quarter. Allworth Financial LP boosted its position 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 buying an additional 1,298 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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 buying an additional 1,311 shares during the last quarter. Parallel Advisors LLC boosted its position 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 buying an additional 1,494 shares during the last quarter. Finally, Earned Wealth Advisors LLC boosted its stake in Aegon by 14.6% during the 1st quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 1,508 shares during the last quarter. 4.32% of the stock is owned by hedge funds and other institutional investors.

Aegon Price Performance

AEG opened at $8.66 on Monday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.36. Aegon has a 52-week low of $6.64 and a 52-week high of $8.81. The company has a 50 day moving average of $8.20 and a two-hundred day moving average of $7.77. The company has a market cap of $17.36 billion, a P/E ratio of -54.09, a P/E/G ratio of 0.55 and a beta of 0.84.

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.