Aegon NV (NYSE:AEG – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $9.10 and last traded at $9.0850, with a volume of 2981622 shares traded. The stock had previously closed at $9.01.
Analyst Upgrades and Downgrades
AEG has been the topic of a number of research reports. Citigroup reissued a “buy” rating on shares of Aegon in a report on Monday, May 11th. BNP Paribas Exane initiated 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. Weiss Ratings upgraded shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Finally, Morgan Stanley cut shares of Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.00.
View Our Latest Analysis on Aegon
Aegon Price Performance
Institutional Trading of Aegon
Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of Aegon by 306.1% in the second quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock valued at $44,667,000 after purchasing an additional 4,650,272 shares during the period. Dimensional Fund Advisors LP grew its holdings in Aegon by 27.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,869,198 shares of the financial services provider’s stock worth $78,853,000 after buying an additional 2,127,932 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Aegon by 46,430.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,207,468 shares of the financial services provider’s stock valued at $9,648,000 after acquiring an additional 1,204,873 shares during the period. Marshall Wace LLP bought a new stake in Aegon during the 2nd quarter valued at $8,022,000. Finally, Ameriprise Financial Inc. boosted its position in Aegon by 923.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 997,035 shares of the financial services provider’s stock worth $7,225,000 after acquiring an additional 899,662 shares during the period. 4.32% of the stock is currently owned by institutional investors.
About Aegon
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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