Aegon (NYSE:AEG) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Aegon NV (NYSE:AEG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.51 and traded as high as $7.78. Aegon shares last traded at $7.7650, with a volume of 2,515,621 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group cut Aegon from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Aegon in a research report on Monday. Zacks Research downgraded shares of Aegon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen upgraded shares of Aegon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Aegon Stock Performance

The firm has a market cap of $15.58 billion, a price-to-earnings ratio of -29.87, a PEG ratio of 0.22 and a beta of 0.79. The stock’s fifty day moving average is $7.63 and its two-hundred day moving average is $7.51.

Institutional Investors Weigh In On Aegon

A number of hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its holdings in Aegon by 104.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 21,006,803 shares of the financial services provider’s stock worth $152,089,000 after buying an additional 10,732,972 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Aegon by 27.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,869,198 shares of the financial services provider’s stock worth $78,853,000 after acquiring an additional 2,127,932 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Aegon by 306.1% in the second quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock worth $44,667,000 after purchasing an additional 4,650,272 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Aegon by 2,348.0% during the second quarter. Acadian Asset Management LLC now owns 3,482,943 shares of the financial services provider’s stock valued at $25,200,000 after purchasing an additional 3,340,666 shares during the period. Finally, ABC Arbitrage SA bought a new stake in shares of Aegon during the third quarter valued at about $16,634,000. Institutional investors own 4.32% of the company’s stock.

Aegon Company Profile

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.