Aegon (NYSE:AEG) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Aegon (NYSE:AEG) in a note issued to investors on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on AEG. UBS Group cut shares of Aegon from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 3rd. Zacks Research downgraded shares of Aegon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Aegon in a research report on Monday, December 29th. Finally, Wall Street Zen raised Aegon from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Aegon currently has a consensus rating of “Moderate Buy”.

Aegon Stock Performance

Shares of AEG stock opened at $7.79 on Wednesday. The stock’s 50 day simple moving average is $7.68 and its 200 day simple moving average is $7.55. Aegon has a twelve month low of $5.42 and a twelve month high of $8.15. The company has a market capitalization of $15.62 billion, a price-to-earnings ratio of -29.94, a PEG ratio of 0.21 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC increased its stake in Aegon by 87.2% during the third quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 2,687 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Aegon by 299.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 5,555 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in shares of Aegon during the 3rd quarter worth approximately $64,000. Earned Wealth Advisors LLC bought a new stake in shares of Aegon during the second quarter valued at approximately $74,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of Aegon in the second quarter valued at $74,000. 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.