Arrowstreet Capital Limited Partnership Has $92.46 Million Holdings in Aegon NV $AEG

Arrowstreet Capital Limited Partnership decreased its stake in shares of Aegon NV (NYSE:AEG) by 29.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,992,010 shares of the financial services provider’s stock after selling 4,950,247 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.60% of Aegon worth $92,458,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Factory Mutual Insurance Co. purchased a new position in Aegon in the third quarter worth $1,747,000. XY Capital Ltd purchased a new position in Aegon in the third quarter worth $5,478,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Aegon in the third quarter worth $15,408,000. Integrated Quantitative Investments LLC purchased a new position in Aegon in the third quarter worth $1,223,000. Finally, Mainstay Capital Management LLC ADV purchased a new position in Aegon in the third quarter worth $2,078,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Stock Performance

Shares of AEG opened at $8.52 on Tuesday. The firm has a market cap of $17.08 billion, a PE ratio of -53.22, a PEG ratio of 0.56 and a beta of 0.84. The stock’s fifty day moving average price is $8.23 and its two-hundred day moving average price is $7.77. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07. Aegon NV has a 1 year low of $6.64 and a 1 year high of $8.81.

Analyst Ratings Changes

AEG has been the topic of several research analyst reports. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Wall Street Zen cut Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. BNP Paribas Exane assumed coverage on Aegon in a research report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective on the stock. Citigroup restated a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Finally, Morgan Stanley lowered 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.00.

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.