Aegon NV $AEG Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its holdings in Aegon NV (NYSE:AEG) by 57.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,102,205 shares of the financial services provider’s stock after selling 2,801,496 shares during the quarter. BNP Paribas Financial Markets’ holdings in Aegon were worth $16,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. AdvisorShares Investments LLC increased its holdings in shares of Aegon by 2.8% in the 4th quarter. AdvisorShares Investments LLC now owns 111,128 shares of the financial services provider’s stock valued at $857,000 after acquiring an additional 3,057 shares during the last quarter. Flputnam Investment Management Co. purchased a new position in shares of Aegon in the 4th quarter valued at about $88,000. Todd Asset Management LLC increased its holdings in shares of Aegon by 1.8% in the 4th quarter. Todd Asset Management LLC now owns 607,018 shares of the financial services provider’s stock valued at $4,680,000 after acquiring an additional 10,767 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Aegon by 48.5% in the 4th quarter. Global Retirement Partners LLC now owns 15,905 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 5,194 shares during the period. Finally, Abacus Wealth Partners LLC acquired a new stake in shares of Aegon in the 4th quarter valued at about $843,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Stock Down 1.0%

Shares of NYSE AEG opened at $8.24 on Friday. Aegon NV has a 52-week low of $6.64 and a 52-week high of $8.81. The business has a 50-day moving average price of $8.07 and a 200 day moving average price of $7.73. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.36. The stock has a market cap of $16.52 billion, a PE ratio of -51.47, a price-to-earnings-growth ratio of 0.72 and a beta of 0.84.

Analysts Set New Price Targets

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

Aegon 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.