Arrowstreet Capital Limited Partnership trimmed its stake in shares of Aegon NV (NYSE:AEG – Free Report) by 29.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,992,010 shares of the financial services provider’s stock after selling 4,950,247 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Aegon were worth $92,458,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP raised its stake in shares of Aegon by 13.1% during the 4th quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,298 shares during the period. Parallel Advisors LLC grew its position in Aegon by 8.1% during the third quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock worth $160,000 after buying an additional 1,494 shares in the last quarter. HB Wealth Management LLC grew its position in Aegon by 8.8% during the fourth quarter. HB Wealth Management LLC now owns 18,716 shares of the financial services provider’s stock worth $144,000 after buying an additional 1,517 shares in the last quarter. Royal Bank of Canada grew its position in Aegon by 2.1% during the first quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider’s stock worth $507,000 after buying an additional 1,551 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Aegon by 4.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 40,187 shares of the financial services provider’s stock worth $310,000 after buying an additional 1,655 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
AEG has been the subject of several recent analyst reports. Morgan Stanley cut Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. Citigroup restated a “buy” rating on shares of Aegon in a research report on Monday, May 11th. Weiss Ratings upgraded Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Wall Street Zen cut Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, BNP Paribas Exane initiated coverage on Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.00.
Aegon Price Performance
AEG opened at $8.52 on Tuesday. The stock has a 50-day moving average price of $8.23 and a 200-day moving average price of $7.77. Aegon NV has a 12-month low of $6.64 and a 12-month high of $8.81. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $17.08 billion, a P/E ratio of -53.22, a PEG ratio of 0.56 and a beta of 0.84.
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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