Aegon (NYSE:AEG) Sets New 12-Month High – Here’s What Happened

Aegon NV (NYSE:AEG)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $8.81 and last traded at $8.80, with a volume of 402278 shares changing hands. The stock had previously closed at $8.61.

Analyst Ratings Changes

Several equities analysts have recently commented on AEG shares. BNP Paribas Exane started coverage on Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price objective on the stock. Wall Street Zen lowered Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Citigroup reiterated a “buy” rating on shares of Aegon in a research report on Monday, May 11th. Morgan Stanley lowered Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. Finally, Weiss Ratings upgraded Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Aegon has an average rating of “Moderate Buy” and an average price target of $10.00.

Aegon Trading Down 1.0%

The firm has a 50-day moving average of $7.87 and a 200-day moving average of $7.70. 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 has a market capitalization of $17.34 billion, a P/E ratio of -54.03, a price-to-earnings-growth ratio of 0.76 and a beta of 0.85.

Hedge Funds Weigh In On Aegon

Several institutional investors and hedge funds have recently bought and sold shares of AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Aegon during the 4th quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd grew 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 acquiring an additional 3,440 shares during the last quarter. Quantessence Capital LLC bought a new position in Aegon during the 4th quarter worth approximately $78,000. Wedmont Private Capital bought a new position in Aegon during the 4th quarter worth approximately $80,000. Finally, AlphaCore Capital LLC bought a new position in Aegon during the 3rd quarter worth approximately $81,000. 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.