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

Aegon NV (NYSE:AEGGet Free Report) has been assigned an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $10.00.

A number of brokerages have commented on AEG. Morgan Stanley cut Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Citigroup reissued a “buy” rating on shares of Aegon in a research note on Monday, May 11th. BNP Paribas Exane began coverage on Aegon in a research note on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective for the company. Finally, Wall Street Zen cut Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st.

Get Our Latest Analysis on AEG

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of Aegon by 39.7% in the first quarter. Bank of America Corp DE now owns 362,408 shares of the financial services provider’s stock valued at $2,631,000 after purchasing an additional 102,930 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Aegon by 3.2% in the first quarter. Royal Bank of Canada now owns 73,879 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 2,286 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Aegon by 42.8% in the first quarter. Quantinno Capital Management LP now owns 1,735,351 shares of the financial services provider’s stock valued at $12,599,000 after purchasing an additional 520,221 shares in the last quarter. Entropy Technologies LP lifted its holdings in shares of Aegon by 119.8% in the first quarter. Entropy Technologies LP now owns 142,001 shares of the financial services provider’s stock valued at $1,031,000 after purchasing an additional 77,400 shares in the last quarter. Finally, Keebeck Wealth Management bought a new position in shares of Aegon in the first quarter valued at approximately $84,000. Institutional investors own 4.32% of the company’s stock.

Aegon Trading Down 0.1%

Shares of Aegon stock opened at $8.24 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. Aegon has a 52 week low of $6.64 and a 52 week high of $8.81. The stock has a 50 day moving average price of $8.07 and a two-hundred day moving average price of $7.74. The stock has a market capitalization of $16.52 billion, a PE ratio of -51.47, a price-to-earnings-growth ratio of 0.72 and a beta of 0.84.

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.

Further Reading

Analyst Recommendations for Aegon (NYSE:AEG)

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