AEGON (AEG) Given Consensus Rating of “Buy” by Analysts

Shares of AEGON (NYSE:AEG) have been given a consensus rating of “Buy” by the six analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $5.80.

AEG has been the subject of a number of recent analyst reports. Societe Generale lowered AEGON from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Zacks Investment Research downgraded AEGON from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Sanford C. Bernstein initiated coverage on AEGON in a report on Thursday, September 14th. They set a “market perform” rating and a $4.60 target price on the stock. Finally, ValuEngine downgraded AEGON from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st.

Shares of AEGON (NYSE AEG) traded up $0.01 during midday trading on Monday, reaching $6.42. The company’s stock had a trading volume of 1,582,900 shares, compared to its average volume of 1,811,925. AEGON has a 12-month low of $4.73 and a 12-month high of $6.44. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.65. The firm has a market cap of $13,520.00, a price-to-earnings ratio of 6.42 and a beta of 1.42.

AEGON declared that its board has approved a share repurchase program on Thursday, September 28th that permits the company to buyback 51,860,000 outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

A number of large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its holdings in shares of AEGON by 25.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,935 shares of the financial services provider’s stock worth $42,397,000 after purchasing an additional 1,690,800 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of AEGON by 6.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,195,100 shares of the financial services provider’s stock worth $18,500,000 after purchasing an additional 207,253 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of AEGON by 5.3% in the 3rd quarter. Aperio Group LLC now owns 1,389,519 shares of the financial services provider’s stock worth $8,045,000 after purchasing an additional 70,475 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of AEGON by 11.3% in the 2nd quarter. Royal Bank of Canada now owns 1,166,689 shares of the financial services provider’s stock worth $5,961,000 after purchasing an additional 118,696 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of AEGON by 16.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,040,121 shares of the financial services provider’s stock worth $5,315,000 after purchasing an additional 146,640 shares during the last quarter. 10.13% of the stock is currently owned by institutional investors.

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AEGON Company Profile

Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.

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