Aegon (NYSE:AEG) Upgraded by Credit Suisse Group to “Outperform”

Credit Suisse Group upgraded shares of Aegon (NYSE:AEG) from a neutral rating to an outperform rating in a report released on Wednesday morning, Analyst Ratings Network reports.

A number of other brokerages have also recently commented on AEG. Morgan Stanley reiterated an equal weight rating on shares of Aegon in a research report on Thursday, October 21st. Deutsche Bank Aktiengesellschaft reissued a hold rating on shares of Aegon in a research note on Monday, November 15th. Berenberg Bank reissued a buy rating on shares of Aegon in a research note on Monday, August 16th. Zacks Investment Research lowered Aegon from a hold rating to a sell rating in a research note on Monday, November 8th. Finally, Royal Bank of Canada reissued a sector perform rating on shares of Aegon in a research note on Monday, November 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $4.75.

Shares of AEG opened at $4.82 on Wednesday. The business’s 50-day moving average price is $5.00 and its 200-day moving average price is $4.70. Aegon has a twelve month low of $3.53 and a twelve month high of $5.29. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.45.

A number of hedge funds have recently made changes to their positions in AEG. Royal Bank of Canada lifted its stake in Aegon by 4.0% in the first quarter. Royal Bank of Canada now owns 225,536 shares of the financial services provider’s stock worth $1,067,000 after acquiring an additional 8,763 shares during the period. Morgan Stanley lifted its stake in Aegon by 49.5% in the first quarter. Morgan Stanley now owns 1,481,029 shares of the financial services provider’s stock worth $7,006,000 after acquiring an additional 490,590 shares during the period. Millennium Management LLC purchased a new stake in Aegon in the first quarter worth $1,280,000. Oppenheimer Asset Management Inc. lifted its stake in Aegon by 32.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 42,238 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 10,323 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in Aegon in the first quarter worth $212,000. 5.82% of the stock is owned by institutional investors.

Aegon Company Profile

Aegon NV is a holding company, which engages in the provision of insurance, pensions, and asset management services. It operates through the following segments: Americas, The Netherlands, United Kingdom, International, Asset Management, and Holding and Other Activities. The Americas segment covers business units in the United States and Brazil, including any of the units? activities located outside these countries.

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Analyst Recommendations for Aegon (NYSE:AEG)

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