Ritholtz Wealth Management lessened its holdings in shares of Aegon (NYSE:AEG) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,164 shares of the financial services provider’s stock after selling 4,706 shares during the period. Ritholtz Wealth Management’s holdings in Aegon were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in AEG. State Street Corp raised its holdings in shares of Aegon by 311.9% during the first quarter. State Street Corp now owns 53,096 shares of the financial services provider’s stock valued at $132,000 after buying an additional 40,207 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Aegon by 42.4% during the first quarter. Two Sigma Advisers LP now owns 395,421 shares of the financial services provider’s stock valued at $985,000 after acquiring an additional 117,780 shares during the period. Advisor Group Holdings Inc. acquired a new position in shares of Aegon during the first quarter valued at approximately $92,000. HighTower Advisors LLC acquired a new position in shares of Aegon during the first quarter valued at approximately $62,000. Finally, Royal Bank of Canada increased its stake in shares of Aegon by 12.2% during the first quarter. Royal Bank of Canada now owns 452,987 shares of the financial services provider’s stock valued at $1,128,000 after acquiring an additional 49,386 shares during the period. 6.30% of the stock is currently owned by institutional investors.
NYSE AEG traded down $0.02 on Monday, hitting $2.90. 106,389 shares of the stock were exchanged, compared to its average volume of 2,785,693. Aegon has a 52-week low of $1.80 and a 52-week high of $4.70. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 3.17, a P/E/G ratio of 0.98 and a beta of 1.20. The company’s 50-day moving average price is $2.71 and its two-hundred day moving average price is $2.79.
A number of research analysts recently commented on AEG shares. BofA Securities lowered shares of Aegon from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. upgraded shares of Aegon from a “neutral” rating to an “overweight” rating in a research note on Thursday, October 1st. Berenberg Bank reiterated a “buy” rating on shares of Aegon in a research note on Monday, August 17th. Zacks Investment Research upgraded shares of Aegon from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research report on Thursday. Finally, Barclays restated an “equal weight” rating on shares of Aegon in a research report on Tuesday, September 8th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $3.25.
Aegon N.V. provides insurance, pensions, and asset management services in the Americas, Europe, and Asia. Its insurance products include life, accident, and health insurance; property and casualty insurance; and household and car insurance. The company also offers savings products, such as retirement plan services; annuities; mutual funds; and stable value solutions.
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