Aegon (NYSE:AEG) Hits New 52-Week High – Still a Buy?

Aegon NV (NYSE:AEG)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $9.10 and last traded at $9.0850, with a volume of 2981622 shares changing hands. The stock had previously closed at $9.01.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Morgan Stanley cut Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. BNP Paribas Exane initiated coverage on Aegon in a research report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 target price 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. Finally, Citigroup reiterated a “buy” rating on shares of Aegon in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Aegon presently has an average rating of “Hold” and a consensus target price of $10.00.

Aegon Trading Up 0.7%

The company has a fifty day simple moving average of $8.55 and a two-hundred day simple moving average of $7.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $18.21 billion, a P/E ratio of -56.72 and a beta of 0.85.

Institutional Trading of Aegon

Several large investors have recently modified their holdings of AEG. Blue Trust Inc. grew its position in Aegon by 8.7% in the first quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 1,292 shares during the period. Allworth Financial LP raised 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 purchasing an additional 1,298 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Aegon by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider’s stock worth $856,000 after purchasing an additional 1,311 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Aegon by 8.1% during the third quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 1,494 shares during the last quarter. Finally, Earned Wealth Advisors LLC increased its stake in shares of Aegon by 14.6% in the first quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock valued at $86,000 after buying an additional 1,508 shares in the last quarter. 4.32% of the stock is owned by institutional investors.

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.