AEGON (NYSE:AEG) Rating Increased to Hold at Zacks Investment Research

AEGON (NYSE:AEG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. The Company’s other lines of business include property and casualty insurance and financial services. “

A number of other equities research analysts also recently commented on AEG. Keefe, Bruyette & Woods downgraded AEGON from a “market perform” rating to an “underperform” rating in a research report on Friday, October 11th. ValuEngine upgraded AEGON from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.38.

Shares of NYSE:AEG traded down $0.01 during mid-day trading on Tuesday, reaching $4.57. The stock had a trading volume of 48,534 shares, compared to its average volume of 1,510,442. The company has a market cap of $12.28 billion, a P/E ratio of 5.08 and a beta of 1.32. AEGON has a 1 year low of $3.69 and a 1 year high of $6.09. The business’s 50 day moving average price is $4.35 and its 200 day moving average price is $4.52.

A number of hedge funds and other institutional investors have recently modified their holdings of AEG. Morgan Stanley increased its stake in AEGON by 66.4% during the second quarter. Morgan Stanley now owns 4,257,550 shares of the financial services provider’s stock worth $21,077,000 after acquiring an additional 1,698,575 shares during the last quarter. Bank of America Corp DE grew its stake in shares of AEGON by 12.3% during the second quarter. Bank of America Corp DE now owns 4,841,939 shares of the financial services provider’s stock valued at $23,968,000 after buying an additional 530,745 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of AEGON during the second quarter valued at approximately $1,432,000. Citadel Advisors LLC grew its stake in shares of AEGON by 40.2% during the second quarter. Citadel Advisors LLC now owns 946,918 shares of the financial services provider’s stock valued at $4,687,000 after buying an additional 271,529 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of AEGON by 52.9% during the second quarter. Renaissance Technologies LLC now owns 743,147 shares of the financial services provider’s stock valued at $3,682,000 after buying an additional 257,247 shares during the last quarter. 6.20% of the stock is currently owned by institutional investors.

AEGON Company Profile

Aegon N.V. provides insurance, pensions, and asset management services worldwide. It offers life, accident, and health insurance; property and casualty insurance; home and car insurance; individual investment accounts; annuities; retirement plan services; stable value solutions; retail and institutional investment management solutions; savings products; group pensions; mortgage loans; and bank accounts.

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