Aegon (NYSE:AEG) Reaches New 1-Year High – Here’s What Happened

Aegon NV (NYSE:AEG) shares hit a new 52-week high during trading on Monday . The stock traded as high as $8.82 and last traded at $8.8050, with a volume of 528426 shares. The stock had previously closed at $8.66.

Wall Street Analysts Forecast Growth

AEG has been the subject of a number of recent research reports. BNP Paribas Exane initiated coverage on Aegon in a research note on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price target for the company. Morgan Stanley cut shares of Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Weiss Ratings upgraded shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, Citigroup reaffirmed a “buy” rating on shares of Aegon in a 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.00.

Aegon Stock Up 1.6%

The company has a 50-day moving average of $8.41 and a two-hundred day moving average of $7.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $17.64 billion, a PE ratio of -54.97 and a beta of 0.85.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AEG. Eastern Bank bought a new stake in Aegon during the 2nd quarter worth approximately $55,000. Bank of America Corp DE boosted its position 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 worth $2,631,000 after purchasing an additional 102,930 shares during the period. Royal Bank of Canada increased its stake 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 worth $536,000 after purchasing an additional 2,286 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Aegon by 42.8% during the 1st 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 during the period. Finally, Entropy Technologies LP raised its position in shares of Aegon by 119.8% during the 1st 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 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.