Aegon NV (NYSE:AEG) Given Average Rating of “Hold” by Brokerages

Aegon NV (NYSE:AEG) has earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.00.

A number of brokerages have weighed in on AEG. BNP Paribas Exane assumed coverage on shares of Aegon in a research note on Tuesday, April 7th. They set an “outperform” rating and a $10.00 target price for the company. Citigroup restated a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Morgan Stanley lowered Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th. Finally, Weiss Ratings upgraded Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th.

Institutional Investors Weigh In On Aegon

A number of large investors have recently made changes to their positions in AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Aegon during the 4th quarter valued at about $33,000. Caitong International Asset Management Co. Ltd boosted 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 during the last quarter. Eastern Bank purchased a new position in shares of Aegon in the second quarter worth approximately $55,000. Quantessence Capital LLC purchased a new position in shares of Aegon in the fourth quarter worth approximately $78,000. Finally, Wedmont Private Capital bought a new stake in Aegon during the fourth quarter valued at approximately $80,000. 4.32% of the stock is currently owned by institutional investors.

Aegon Stock Up 1.3%

Shares of Aegon stock opened at $8.68 on Friday. Aegon has a twelve month low of $6.75 and a twelve month 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 company’s 50 day moving average is $8.39 and its 200 day moving average is $7.84. The company has a market cap of $17.40 billion, a price-to-earnings ratio of -54.22, a price-to-earnings-growth ratio of 0.56 and a beta of 0.85.

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.