Aegon NV (AEG) Upgraded by Zacks Investment Research to Hold
Aegon NV (NYSE:AEG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued 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 brokerages have also commented on AEG. Macquarie initiated coverage on Aegon NV in a report on Tuesday, October 11th. They set an “outperform” rating for the company. Societe Generale lowered Aegon NV from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Barclays PLC lowered Aegon NV from an “equal weight” rating to an “underweight” rating in a report on Wednesday, June 29th. JPMorgan Chase & Co. lowered Aegon NV from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, TheStreet lowered Aegon NV from a “hold” rating to a “sell” rating in a report on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $6.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/aegon-nv-aeg-upgraded-by-zacks-investment-research-to-hold.html
Shares of Aegon NV (NYSE:AEG) traded up 0.9029% during trading on Tuesday, reaching $4.1572. The company had a trading volume of 1,011,902 shares. The company’s 50 day moving average is $3.98 and its 200-day moving average is $4.52. The stock’s market capitalization is $8.53 billion. Aegon NV has a 1-year low of $3.36 and a 1-year high of $6.38.
Large investors have recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Aegon NV by 1.4% in the second quarter. Fifth Third Bancorp now owns 40,197 shares of the company’s stock valued at $161,000 after buying an additional 573 shares in the last quarter. Highland Capital Management LLC increased its stake in shares of Aegon NV by 1.2% in the third quarter. Highland Capital Management LLC now owns 83,128 shares of the company’s stock valued at $321,000 after buying an additional 1,000 shares in the last quarter. FDx Advisors Inc. increased its stake in shares of Aegon NV by 6.9% in the second quarter. FDx Advisors Inc. now owns 28,498 shares of the company’s stock valued at $114,000 after buying an additional 1,831 shares in the last quarter. Buckingham Asset Management LLC increased its stake in shares of Aegon NV by 8.6% in the second quarter. Buckingham Asset Management LLC now owns 27,636 shares of the company’s stock valued at $111,000 after buying an additional 2,183 shares in the last quarter. Finally, Genesee Valley Trust Co. increased its stake in shares of Aegon NV by 3.9% in the third quarter. Genesee Valley Trust Co. now owns 61,612 shares of the company’s stock valued at $238,000 after buying an additional 2,292 shares in the last quarter. 6.81% of the stock is currently owned by 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aegon NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegon NV and related companies with MarketBeat.com's FREE daily email newsletter.