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

Aegon NV (NYSE:AEG) has been given an average rating of “Hold” by the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $10.00.

AEG has been the topic of a number of research reports. Zacks Research lowered shares of Aegon from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Morgan Stanley downgraded Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Finally, BNP Paribas Exane began coverage on Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price target for the company.

Institutional Investors Weigh In On Aegon

Large investors have recently modified their holdings of the business. Blue Trust Inc. grew its stake in Aegon by 8.7% during the 1st quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock worth $118,000 after buying an additional 1,292 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Aegon by 13.1% in the fourth quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 1,298 shares during the period. Bank of New York Mellon Corp grew its position in shares of Aegon by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider’s stock worth $856,000 after acquiring an additional 1,311 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Aegon by 8.1% in the 3rd quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 1,494 shares during the period. Finally, Earned Wealth Advisors LLC raised its position in Aegon by 14.6% in the 1st quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,508 shares during the last quarter. Hedge funds and other institutional investors own 4.32% of the company’s stock.

More Aegon News

Here are the key news stories impacting Aegon this week:

• Neutral Sentiment: An article reporting maiden revenue from a digital infrastructure facility concerns Active Energy Group PLC (AIM: AEG), a different company from Aegon N.V. Therefore, its reported US$319,637 in quarterly revenue should not be treated as news affecting NYSE-listed Aegon. Active Energy reports maiden revenue from Ghummud digital infrastructure facility
• Neutral Sentiment: The remaining articles discuss episode seven of HBO’s House of the Dragon, including the return of Aegon Targaryen and the survival of the dragon Sunfyre. These entertainment stories have no apparent financial or operational connection to Aegon N.V. (NYSE: AEG). House of the Dragon season 3 episode 7 premieres tonight

Aegon Stock Up 0.4%

Shares of NYSE AEG opened at $9.47 on Tuesday. The firm has a market cap of $19.01 billion, a price-to-earnings ratio of -59.22 and a beta of 0.85. The company’s 50-day simple moving average is $8.71 and its 200-day simple moving average is $8.05. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.36. Aegon has a 52-week low of $6.75 and a 52-week high of $9.49.

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.