AEGON (NYSE:AEG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

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 equities analysts have also recently commented on AEG. ValuEngine cut shares of AEGON from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Sanford C. Bernstein assumed coverage on shares of AEGON in a research note on Thursday, September 14th. They set a “market perform” rating and a $4.60 target price for the company. Finally, Societe Generale cut shares of AEGON from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.80.

AEGON (NYSE AEG) traded up $0.01 during trading hours on Monday, reaching $6.43. 1,685,496 shares of the company traded hands, compared to its average volume of 1,690,000. The firm has a market cap of $13,510.00, a PE ratio of 6.43 and a beta of 1.42. AEGON has a 1 year low of $4.73 and a 1 year high of $6.45. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.65.

AEGON declared that its board has approved a stock buyback plan on Thursday, September 28th that authorizes the company to buyback 51,860,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

A number of large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its stake in AEGON by 25.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,935 shares of the financial services provider’s stock valued at $42,397,000 after purchasing an additional 1,690,800 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in AEGON by 6.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,195,100 shares of the financial services provider’s stock valued at $18,500,000 after buying an additional 207,253 shares during the period. Aperio Group LLC increased its holdings in AEGON by 5.3% in the 3rd quarter. Aperio Group LLC now owns 1,389,519 shares of the financial services provider’s stock valued at $8,045,000 after buying an additional 70,475 shares during the period. Royal Bank of Canada increased its holdings in AEGON by 11.3% in the 2nd quarter. Royal Bank of Canada now owns 1,166,689 shares of the financial services provider’s stock valued at $5,961,000 after buying an additional 118,696 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in AEGON by 16.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,040,121 shares of the financial services provider’s stock valued at $5,315,000 after buying an additional 146,640 shares during the period. Hedge funds and other institutional investors own 10.13% of the company’s stock.

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AEGON 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.

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