Aegon (NYSE:AEG – Get Free Report) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Friday.
A number of other research firms also recently issued reports on AEG. Citigroup reissued a “buy” rating on shares of Aegon in a research report on Monday. BNP Paribas Exane started coverage on 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 cut Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings raised shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $10.00.
View Our Latest Research Report on Aegon
Aegon Trading Down 0.7%
Institutional Trading of Aegon
Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Aegon during the 4th quarter valued at 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. CWM LLC boosted its position in shares of Aegon by 87.2% in the third quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 2,687 shares during the period. Parkside Financial Bank & Trust grew its stake in Aegon by 299.5% during the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 5,555 shares in the last quarter. Finally, Quantessence Capital LLC purchased a new position in Aegon during the fourth quarter valued at approximately $78,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.
Aegon Company Profile
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.
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