Aegon NV (NYSE:AEG) Receives $10.00 Consensus Target Price from Brokerages

Shares of Aegon NV (NYSE:AEG) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $10.00.

Several research firms recently commented on AEG. BNP Paribas Exane began coverage on shares of Aegon in a report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective for the company. Wall Street Zen lowered shares of Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings upgraded shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Morgan Stanley lowered shares of Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Finally, Citigroup reiterated a “buy” rating on shares of Aegon in a research note on Monday, May 11th.

Institutional Investors Weigh In On Aegon

Institutional investors and hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Aegon in the fourth quarter worth about $33,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Aegon by 321.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock worth $35,000 after buying an additional 3,440 shares in the last quarter. Quantessence Capital LLC purchased a new stake in shares of Aegon in the fourth quarter worth about $78,000. AlphaCore Capital LLC purchased a new stake in shares of Aegon in the third quarter worth about $81,000. Finally, Wedmont Private Capital purchased a new stake in shares of Aegon in the fourth quarter worth about $80,000. 4.32% of the stock is owned by hedge funds and other institutional investors.

Aegon Price Performance

NYSE AEG opened at $8.66 on Monday. The company has a market cap of $17.36 billion, a PE ratio of -54.09, a price-to-earnings-growth ratio of 0.56 and a beta of 0.84. Aegon has a 52 week low of $6.64 and a 52 week high of $8.81. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $8.20 and its two-hundred day simple moving average is $7.77.

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.