Aegon NV (NYSE:AEG) Receives Average Recommendation of “Hold” from Analysts

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

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

Aegon Stock Up 0.3%

AEG stock opened at $9.15 on Tuesday. 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 stock has a market capitalization of $18.37 billion, a P/E ratio of -57.22 and a beta of 0.85. Aegon has a fifty-two week low of $6.75 and a fifty-two week high of $9.23. The business has a 50-day moving average of $8.63 and a 200-day moving average of $7.99.

Institutional Investors Weigh In On Aegon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of 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 acquiring an additional 1,292 shares in the last quarter. Allworth Financial LP raised its holdings in Aegon by 13.1% during the fourth quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 1,298 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Aegon by 1.1% during the first 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 last quarter. Parallel Advisors LLC grew its stake in Aegon by 8.1% in the third 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 in the last quarter. Finally, Earned Wealth Advisors LLC grew its stake in 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 purchasing an additional 1,508 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors and hedge funds.

About Aegon

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.