Aegon (NYSE:AEG) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Aegon NV (NYSE:AEG)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.80 and traded as high as $8.58. Aegon shares last traded at $8.55, with a volume of 5,083,334 shares trading hands.

Analyst Upgrades and Downgrades

AEG has been the subject of several recent analyst reports. Citigroup reiterated a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Morgan Stanley downgraded shares of Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Weiss Ratings raised shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Finally, BNP Paribas Exane assumed coverage on shares of Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 target price for the company. Three investment 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, Aegon has an average rating of “Hold” and a consensus target price of $10.00.

Aegon Stock Up 0.1%

The firm has a fifty day moving average price of $8.33 and a 200 day moving average price of $7.80. 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 cap of $17.15 billion, a P/E ratio of -53.44, a PEG ratio of 0.55 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Aegon in the fourth quarter worth about $33,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Aegon by 321.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 3,440 shares during the last quarter. Quantessence Capital LLC bought a new stake in shares of Aegon during the fourth quarter valued at approximately $78,000. Wedmont Private Capital acquired a new stake in shares of Aegon in the fourth quarter valued at approximately $80,000. Finally, AlphaCore Capital LLC bought a new position in Aegon in the 3rd quarter worth approximately $81,000. 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.