Aegon (NYSE:AEG) Raised to Buy at Wall Street Zen

Aegon (NYSE:AEG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other research analysts have also commented on AEG. Weiss Ratings restated a “buy (b)” rating on shares of Aegon in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Aegon in a report on Wednesday, January 7th. They set a “hold” rating for the company. UBS Group lowered shares of Aegon from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 3rd. Zacks Research cut shares of Aegon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Morgan Stanley restated an “overweight” rating on shares of Aegon in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Aegon Stock Performance

NYSE:AEG opened at $7.78 on Friday. Aegon has a fifty-two week low of $5.42 and a fifty-two week high of $8.15. The company has a 50 day moving average price of $7.70 and a 200 day moving average price of $7.61. The stock has a market capitalization of $15.60 billion, a P/E ratio of -48.59, a PEG ratio of 0.22 and a beta of 0.78.

Hedge Funds Weigh In On Aegon

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its holdings in Aegon by 24.1% during the 4th quarter. UBS Group AG now owns 2,546,698 shares of the financial services provider’s stock worth $19,635,000 after buying an additional 494,065 shares during the last quarter. Viewpoint Investment Partners Corp acquired a new stake in shares of Aegon during the 4th quarter worth about $151,000. Teachers Retirement System of The State of Kentucky lifted its stake in Aegon by 1.8% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 602,750 shares of the financial services provider’s stock worth $4,647,000 after purchasing an additional 10,700 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Aegon by 8.8% in the fourth quarter. HB Wealth Management LLC now owns 18,716 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 1,517 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in Aegon in the fourth quarter valued at approximately $89,000. 4.32% of the stock is owned by institutional investors and hedge funds.

About Aegon

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.