Aegon NV (AEG) Lowered to “Hold” at Societe Generale
Aegon NV (NYSE:AEG) was downgraded by stock analysts at Societe Generale from a “buy” rating to a “hold” rating in a report issued on Wednesday, The Fly reports.
A number of other analysts also recently issued reports on the company. Macquarie started coverage on Aegon NV in a research report on Tuesday. They issued an “outperform” rating for the company. Zacks Investment Research raised Aegon NV from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. Barclays PLC downgraded Aegon NV from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 29th. JPMorgan Chase & Co. downgraded Aegon NV from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 28th. Finally, TheStreet downgraded Aegon NV from a “hold” rating to a “sell” rating in a research report on Friday, August 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.50.
Aegon NV (NYSE:AEG) traded up 3.18% during trading on Wednesday, hitting $4.22. The stock had a trading volume of 5,609,553 shares. Aegon NV has a 52 week low of $3.36 and a 52 week high of $6.38. The stock’s market capitalization is $8.66 billion. The company has a 50-day moving average of $3.96 and a 200-day moving average of $4.56.
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The business also recently declared a dividend, which was paid on Friday, September 16th. Stockholders of record on Monday, August 22nd were issued a $0.124 dividend. The ex-dividend date of this dividend was Thursday, August 18th. Aegon NV’s payout ratio is currently -125.00%.
Several institutional investors have recently bought and sold shares of AEG. Princeton Alpha Management LP raised its position in Aegon NV by 57.8% in the second quarter. Princeton Alpha Management LP now owns 25,984 shares of the company’s stock worth $104,000 after buying an additional 9,518 shares during the last quarter. Buckingham Asset Management LLC raised its position in Aegon NV by 8.6% in the second quarter. Buckingham Asset Management LLC now owns 27,636 shares of the company’s stock worth $111,000 after buying an additional 2,183 shares during the last quarter. FDx Advisors Inc. raised its position in Aegon NV by 6.9% in the second quarter. FDx Advisors Inc. now owns 28,498 shares of the company’s stock worth $114,000 after buying an additional 1,831 shares during the last quarter. Timber Hill LLC raised its position in Aegon NV by 156.4% in the second quarter. Timber Hill LLC now owns 34,952 shares of the company’s stock worth $140,000 after buying an additional 21,318 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in Aegon NV during the second quarter worth approximately $145,000. 6.81% of the stock is owned by hedge funds and other institutional investors.
Aegon NV Company Profile
AEGON NV is a life insurance, pensions and asset management company based in the Netherlands. The Company’s products range from life, critical illness and disability insurance, to pensions, annuities, long-term savings and investments. It also offers mortgages, and car, household and travel insurance in some markets.
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