Aegon (NYSE:AEG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Aegon NV (NYSE:AEG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.72 and traded as high as $8.52. Aegon shares last traded at $8.4650, with a volume of 3,084,451 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on AEG. Citigroup reaffirmed a “buy” rating on shares of Aegon in a report on Monday, May 11th. Weiss Ratings raised shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. BNP Paribas Exane initiated coverage on shares of Aegon in a research note on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price objective for the company. Wall Street Zen cut shares of Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Morgan Stanley cut shares of Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Aegon Stock Performance

The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $7.96 and its two-hundred day moving average price is $7.72. The firm has a market capitalization of $16.98 billion, a PE ratio of -52.91, a PEG ratio of 0.73 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AEG. BNP Paribas Financial Markets increased its stake in shares of Aegon by 306.1% during the 2nd 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. Dimensional Fund Advisors LP boosted its position in Aegon by 27.5% during the third 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 last quarter. ABC Arbitrage SA acquired a new stake in Aegon during the third quarter worth approximately $16,634,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Aegon during the third quarter worth approximately $15,408,000. Finally, Tower Research Capital LLC TRC boosted its position in Aegon by 46,430.6% during the third quarter. Tower Research Capital LLC TRC now owns 1,207,468 shares of the financial services provider’s stock worth $9,648,000 after acquiring an additional 1,204,873 shares during the last quarter. 4.32% of the stock is owned by hedge funds and other institutional investors.

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.