Aegon (NYSE:AEG) Stock Passes Above 200-Day Moving Average – What’s Next?

Aegon NV (NYSE:AEG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.83 and traded as high as $8.64. Aegon shares last traded at $8.5770, with a volume of 5,652,963 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AEG shares. Citigroup reissued a “buy” rating on shares of Aegon in a research note on Monday, May 11th. BNP Paribas Exane started coverage on Aegon in a report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price target for the company. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, Morgan Stanley cut 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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Aegon Price Performance

The company has a market cap of $17.21 billion, a price-to-earnings ratio of -53.61, a P/E/G ratio of 0.55 and a beta of 0.85. The company’s 50-day simple moving average is $8.38 and its 200-day simple moving average is $7.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07.

Institutional Investors Weigh In On Aegon

A number of large investors have recently added to or reduced their stakes in AEG. Eastern Bank purchased a new stake in Aegon during the 2nd quarter worth $55,000. Bank of America Corp DE boosted its position in Aegon by 39.7% in the 1st quarter. Bank of America Corp DE now owns 362,408 shares of the financial services provider’s stock valued at $2,631,000 after buying an additional 102,930 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Aegon by 3.2% during the first quarter. Royal Bank of Canada now owns 73,879 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 2,286 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Aegon by 42.8% during the first quarter. Quantinno Capital Management LP now owns 1,735,351 shares of the financial services provider’s stock valued at $12,599,000 after acquiring an additional 520,221 shares in the last quarter. Finally, Entropy Technologies LP increased its position in shares of Aegon by 119.8% during the first quarter. Entropy Technologies LP now owns 142,001 shares of the financial services provider’s stock worth $1,031,000 after acquiring an additional 77,400 shares during the last quarter. 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.