Equities researchers at Sanford C. Bernstein initiated coverage on shares of Aegon NV (NYSE:AEG) in a research note issued on Thursday, Marketbeat Ratings reports. The firm set a “market perform” rating and a $4.60 price target on the financial services provider’s stock. Sanford C. Bernstein’s target price suggests a potential downside of 19.16% from the company’s current price.

Several other brokerages have also issued reports on AEG. Zacks Investment Research lowered Aegon NV from a “hold” rating to a “sell” rating in a report on Wednesday. Societe Generale lowered Aegon NV from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet upgraded Aegon NV from a “c+” rating to a “b” rating in a report on Friday, August 25th. Finally, BidaskClub upgraded Aegon NV from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Aegon NV presently has a consensus rating of “Hold” and an average target price of $5.28.

Aegon NV (AEG) traded down 0.52% during midday trading on Thursday, reaching $5.69. The company’s stock had a trading volume of 923,298 shares. The firm has a 50 day moving average of $5.72 and a 200 day moving average of $5.33. The firm has a market cap of $11.63 billion, a P/E ratio of 6.69 and a beta of 1.35. Aegon NV has a 52-week low of $3.76 and a 52-week high of $6.06.

Aegon NV (NYSE:AEG) last announced its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.13. The business had revenue of $9.24 billion for the quarter. Aegon NV had a return on equity of 6.73% and a net margin of 5.18%. Analysts anticipate that Aegon NV will post $0.68 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Tocqueville Asset Management L.P. lifted its holdings in shares of Aegon NV by 84.1% in the second quarter. Tocqueville Asset Management L.P. now owns 20,389 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 9,312 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Aegon NV by 4.2% in the second quarter. Checchi Capital Advisers LLC now owns 20,744 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 838 shares in the last quarter. Pitcairn Co. lifted its holdings in shares of Aegon NV by 15.3% in the second quarter. Pitcairn Co. now owns 20,932 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,776 shares in the last quarter. HRT Financial LLC bought a new position in shares of Aegon NV in the second quarter valued at approximately $115,000. Finally, FFT Wealth Management LLC lifted its holdings in shares of Aegon NV by 36.3% in the first quarter. FFT Wealth Management LLC now owns 22,912 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 6,103 shares in the last quarter. Institutional investors own 10.56% of the company’s stock.

Aegon NV Company Profile

Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.

Analyst Recommendations for Aegon NV (NYSE:AEG)

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