Wall Street Zen Downgrades Aegon (NYSE:AEG) to Hold

Aegon (NYSE:AEG) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Friday.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings restated a “buy (b)” rating on shares of Aegon in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft began coverage on Aegon in a report on Wednesday, January 7th. They set a “hold” rating on the stock. UBS Group lowered Aegon from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Aegon in a research report on Friday, January 9th. Finally, Zacks Research cut Aegon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Aegon Price Performance

NYSE AEG opened at $7.71 on Friday. The business has a 50 day moving average price of $7.68 and a 200 day moving average price of $7.59. The company has a market capitalization of $15.46 billion, a P/E ratio of -48.16, a PEG ratio of 0.21 and a beta of 0.78. Aegon has a 1-year low of $5.42 and a 1-year high of $8.15.

Hedge Funds Weigh In On Aegon

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its stake in shares of 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 purchasing an additional 2,687 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Aegon by 299.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock valued at $59,000 after buying an additional 5,555 shares during the period. Independence Bank of Kentucky bought a new position in shares of Aegon during the third quarter valued at approximately $64,000. Earned Wealth Advisors LLC bought a new position in Aegon during the 2nd quarter worth $74,000. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in shares of Aegon in the 2nd quarter worth about $74,000. Hedge funds and other 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.