Aegon (NYSE:AEG) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Aegon NV (NYSE:AEG) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.77 and traded as high as $8.57. Aegon shares last traded at $8.5150, with a volume of 4,708,441 shares.

Analyst Ratings Changes

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

Aegon Stock Down 1.7%

The company has a market capitalization of $17.08 billion, a PE ratio of -53.22, a price-to-earnings-growth ratio of 0.56 and a beta of 0.84. The firm’s 50-day simple moving average is $8.23 and its 200 day simple moving average is $7.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.07 and a current ratio of 0.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AEG. Factory Mutual Insurance Co. acquired a new position in Aegon in the 3rd quarter valued at about $1,747,000. XY Capital Ltd acquired a new position in Aegon in the 3rd quarter valued at about $5,478,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in Aegon in the 3rd quarter valued at about $15,408,000. Integrated Quantitative Investments LLC acquired a new position in Aegon in the 3rd quarter valued at about $1,223,000. Finally, Mainstay Capital Management LLC ADV acquired a new position in Aegon in the 3rd quarter valued at about $2,078,000. Institutional investors and hedge funds 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.