Aegon (NYSE:AEG) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Aegon NV (NYSE:AEGGet Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.83 and traded as high as $8.64. Aegon shares last traded at $8.5770, with a volume of 5,652,963 shares trading hands.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley downgraded shares of Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th. Citigroup reissued a “buy” rating on shares of Aegon in a report on Monday, May 11th. BNP Paribas Exane began coverage on shares of Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price objective for the company. Finally, Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Aegon has an average rating of “Hold” and a consensus target price of $10.00.

View Our Latest Research Report on AEG

Aegon Stock Up 0.2%

The stock has a fifty day moving average price of $8.39 and a two-hundred day moving average price of $7.84. The company has a market cap of $17.40 billion, a price-to-earnings ratio of -54.22, a P/E/G ratio of 0.56 and a beta of 0.85. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.36.

Institutional Trading of Aegon

Several hedge funds and other institutional investors have recently bought and sold shares of AEG. XY Capital Ltd bought a new stake in shares of Aegon in the third quarter valued at approximately $5,478,000. Mainstay Capital Management LLC ADV acquired a new stake in Aegon during the third quarter worth approximately $2,078,000. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in Aegon during the 3rd quarter worth $15,408,000. Integrated Quantitative Investments LLC bought a new position in Aegon during the 3rd quarter worth $1,223,000. Finally, Oppenheimer & Co. Inc. raised its holdings in Aegon by 3,848.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 512,025 shares of the financial services provider’s stock valued at $3,948,000 after acquiring an additional 499,058 shares in the last quarter. Institutional investors and hedge funds own 4.32% of the company’s stock.

About Aegon

(Get Free Report)

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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