Aegon (NYSE:AEG) Downgraded to “Strong Sell” Rating by Zacks Research

Aegon (NYSE:AEGGet Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

AEG has been the subject of several other research reports. Morgan Stanley lowered shares of Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. BNP Paribas Exane began coverage on Aegon in a report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price objective on the stock. Citigroup reiterated a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Finally, Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.00.

Check Out Our Latest Stock Report on Aegon

Aegon Price Performance

Shares of Aegon stock opened at $9.18 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50-day simple moving average is $8.65 and its 200-day simple moving average is $8.00. Aegon has a twelve month low of $6.75 and a twelve month high of $9.23. The firm has a market cap of $18.41 billion, a P/E ratio of -57.34 and a beta of 0.85.

Institutional Trading of Aegon

Several large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Aegon in the fourth quarter valued at $33,000. Caitong International Asset Management Co. Ltd lifted its position in Aegon by 321.2% during the 4th 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. Eastern Bank bought a new stake in Aegon during the 2nd quarter worth about $55,000. Quantessence Capital LLC bought a new stake in Aegon during the 4th quarter worth about $78,000. Finally, Baron Wealth Management LLC acquired a new stake in Aegon in the 1st quarter valued at about $82,000. Institutional investors own 4.32% of the company’s stock.

Aegon Company Profile

(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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Analyst Recommendations for Aegon (NYSE:AEG)

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