AEGON (AEG) Cut to “Hold” at Zacks Investment Research

AEGON (NYSE:AEG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

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. “

Separately, ValuEngine lowered AEGON from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $5.93.

AEGON (NYSE:AEG) traded up $0.07 during trading on Friday, reaching $6.93. The company’s stock had a trading volume of 2,562,300 shares, compared to its average volume of 2,499,792. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $13,994.40, a price-to-earnings ratio of 7.00 and a beta of 1.45. AEGON has a 12 month low of $4.73 and a 12 month high of $6.95.

AEGON (NYSE:AEG) last posted its earnings results on Thursday, November 9th. The financial services provider reported $0.24 earnings per share for the quarter. AEGON had a return on equity of 6.60% and a net margin of 5.64%. equities research analysts anticipate that AEGON will post 0.94 earnings per share for the current fiscal year.

AEGON announced that its board has approved a share repurchase plan on Thursday, September 28th that authorizes the company to buyback 51,860,000 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of large investors have recently modified their holdings of the business. Dodge & Cox purchased a new position in shares of AEGON in the 4th quarter worth about $600,457,000. Cambiar Investors LLC raised its holdings in shares of AEGON by 3.6% in the 2nd quarter. Cambiar Investors LLC now owns 23,655,885 shares of the financial services provider’s stock worth $120,882,000 after purchasing an additional 831,264 shares during the period. Brandes Investment Partners LP raised its holdings in shares of AEGON by 4.4% in the 2nd quarter. Brandes Investment Partners LP now owns 12,565,352 shares of the financial services provider’s stock worth $64,209,000 after purchasing an additional 525,598 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of AEGON by 25.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,935 shares of the financial services provider’s stock worth $42,397,000 after purchasing an additional 1,690,800 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of AEGON by 9.3% in the 1st quarter. Bank of America Corp DE now owns 7,678,817 shares of the financial services provider’s stock worth $39,392,000 after purchasing an additional 655,791 shares during the period. 10.13% of the stock is currently owned by hedge funds and other institutional investors.

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About AEGON

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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