Aegon (NYSE:AEG) Stock Rating Upgraded by Zacks Research

Aegon (NYSE:AEG) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

AEG has been the subject of a number of other reports. Citigroup reiterated a “buy” rating on shares of Aegon in a research note on Tuesday, August 18th. Weiss Ratings upgraded shares of Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday. Finally, Morgan Stanley downgraded shares of Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Aegon Stock Performance

Shares of AEG opened at $9.22 on Tuesday. The business has a 50-day simple moving average of $9.01 and a two-hundred day simple moving average of $8.24. The company has a quick ratio of 0.07, a current ratio of 0.12 and a debt-to-equity ratio of 0.42. Aegon has a 52 week low of $6.75 and a 52 week high of $9.61. The stock has a market cap of $18.50 billion, a price-to-earnings ratio of -57.62 and a beta of 0.84.

Institutional Trading of Aegon

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Aegon in the 4th quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd boosted its stake in Aegon by 321.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 3,440 shares during the period. Eastern Bank purchased a new stake in Aegon during the 2nd quarter valued at approximately $55,000. Angeles Wealth Management LLC purchased a new stake in Aegon during the 2nd quarter valued at approximately $87,000. Finally, Quantessence Capital LLC bought a new stake in shares of Aegon during the fourth quarter valued at approximately $78,000. Institutional investors own 4.32% of the company’s stock.

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.