Sequoia Financial Advisors LLC Purchases 91,402 Shares of Aegon NV $AEG

Sequoia Financial Advisors LLC increased its position in shares of Aegon NV (NYSE:AEG) by 301.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,708 shares of the financial services provider’s stock after purchasing an additional 91,402 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Aegon were worth $884,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Aegon during the 4th quarter valued at about $33,000. Caitong International Asset Management Co. Ltd grew its stake in Aegon by 321.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock worth $35,000 after buying an additional 3,440 shares during the last quarter. Quantessence Capital LLC acquired a new stake in shares of Aegon during the fourth quarter worth approximately $78,000. Wedmont Private Capital acquired a new stake in shares of Aegon during the fourth quarter worth approximately $80,000. Finally, Abel Hall LLC bought a new position in shares of Aegon in the fourth quarter valued at approximately $83,000. 4.32% of the stock is owned by institutional investors.

Aegon Stock Performance

AEG stock opened at $9.02 on Friday. The business’s fifty day moving average is $8.55 and its 200-day moving average is $7.93. 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 market cap of $18.09 billion, a P/E ratio of -56.34 and a beta of 0.85. Aegon NV has a twelve month low of $6.75 and a twelve month high of $9.10.

Analyst Ratings Changes

Several brokerages have recently commented on AEG. Morgan Stanley downgraded Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. BNP Paribas Exane initiated coverage on Aegon in a research report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective for the company. Finally, Citigroup reissued a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Aegon currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Aegon 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.