Aegon NV (AEG) Raised to “Hold” at Zacks Investment Research
Aegon NV (NYSE:AEG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. The Company’s other lines of business include property and casualty insurance and financial services. “
Several other research analysts have also recently weighed in on AEG. JPMorgan Chase & Co. cut Aegon NV from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 28th. Barclays PLC cut Aegon NV from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 29th. TheStreet cut Aegon NV from a “hold” rating to a “sell” rating in a research report on Friday, August 19th. Macquarie initiated coverage on Aegon NV in a research report on Tuesday, October 11th. They set an “outperform” rating on the stock. Finally, Societe Generale cut Aegon NV from a “buy” rating to a “hold” rating in a research report on Wednesday, October 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.50.
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Shares of Aegon NV (NYSE:AEG) traded up 0.9029% during midday trading on Tuesday, hitting $4.1572. 1,011,902 shares of the stock traded hands. The stock has a 50 day moving average of $3.98 and a 200 day moving average of $4.52. Aegon NV has a 1-year low of $3.36 and a 1-year high of $6.38. The company’s market capitalization is $8.53 billion.
Several hedge funds and other institutional investors have recently modified their holdings of AEG. Franklin Resources Inc. boosted its position in shares of Aegon NV by 6.6% in the first quarter. Franklin Resources Inc. now owns 1,591,261 shares of the company’s stock worth $8,752,000 after buying an additional 98,871 shares during the last quarter. M&T Bank Corp boosted its position in shares of Aegon NV by 22.5% in the first quarter. M&T Bank Corp now owns 227,622 shares of the company’s stock worth $1,252,000 after buying an additional 41,864 shares during the last quarter. BB&T Securities LLC boosted its position in shares of Aegon NV by 14.4% in the first quarter. BB&T Securities LLC now owns 176,872 shares of the company’s stock worth $972,000 after buying an additional 22,227 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Aegon NV by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 661,812 shares of the company’s stock worth $3,641,000 after buying an additional 141,296 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Aegon NV by 10.2% in the first quarter. Envestnet Asset Management Inc. now owns 560,451 shares of the company’s stock worth $3,082,000 after buying an additional 51,891 shares during the last quarter. Institutional investors own 6.81% of the company’s stock.
About Aegon NV
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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