Aegon (NYSE:AEG) Stock Rating Lowered by Zacks Research

Aegon (NYSE:AEG) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

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

Aegon Price Performance

Shares of AEG stock opened at $9.18 on Monday. Aegon has a 52 week low of $6.75 and a 52 week high of $9.23. The stock has a market capitalization of $18.41 billion, a PE ratio of -57.34 and a beta of 0.85. 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 stock’s fifty day moving average is $8.65 and its 200-day moving average is $8.00.

Hedge Funds Weigh In On Aegon

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Aegon during the 4th quarter worth $33,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Aegon by 321.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 3,440 shares during the period. Eastern Bank acquired a new position in shares of Aegon in the 2nd quarter valued at $55,000. Quantessence Capital LLC bought a new position in shares of Aegon in the 4th quarter worth $78,000. Finally, Baron Wealth Management LLC bought a new position in shares of Aegon in the 1st quarter worth $82,000. 4.32% of the stock is owned by institutional investors.

Aegon Company Profile

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.