Aegon NV (NYSE:AEG) Given Average Recommendation of “Hold” by Analysts

Aegon NV (NYSE:AEG) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $10.00.

Several research firms have commented on AEG. BNP Paribas Exane started coverage on Aegon in a report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 target price on the stock. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research report on Monday, May 11th. Weiss Ratings raised shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, Morgan Stanley cut shares of Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th.

Aegon Stock Performance

Aegon stock opened at $8.68 on Friday. 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 company has a market capitalization of $17.40 billion, a P/E ratio of -54.22, a PEG ratio of 0.56 and a beta of 0.85. The stock’s 50 day moving average is $8.39 and its 200 day moving average is $7.84. Aegon has a twelve month low of $6.75 and a twelve month high of $8.81.

Hedge Funds Weigh In On Aegon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XY Capital Ltd bought a new position in shares of Aegon during the third quarter valued at $5,478,000. Mainstay Capital Management LLC ADV bought a new stake in Aegon in the 3rd quarter worth about $2,078,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Aegon in the 3rd quarter worth about $15,408,000. Integrated Quantitative Investments LLC purchased a new position in Aegon in the 3rd quarter worth about $1,223,000. Finally, Oppenheimer & Co. Inc. lifted its stake in Aegon by 3,848.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 512,025 shares of the financial services provider’s stock valued at $3,948,000 after acquiring an additional 499,058 shares during the period. 4.32% of the stock is owned by 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.