TheStreet Upgrades Aegon NV (AEG) to “Hold”
Aegon NV (NYSE:AEG) was upgraded by equities research analysts at TheStreet from a “sell” rating to a “hold” rating in a report issued on Monday.
AEG has been the subject of several other reports. Zacks Investment Research downgraded Aegon NV from a “hold” rating to a “sell” rating in a research note on Friday, November 4th. Bank of America Corp. set a $5.00 target price on Aegon NV and gave the company a “hold” rating in a report on Monday, November 14th. Societe Generale cut Aegon NV from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Finally, Macquarie initiated coverage on Aegon NV in a report on Tuesday, October 11th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Aegon NV presently has a consensus rating of “Hold” and an average price target of $5.38.
Aegon NV (NYSE:AEG) traded up 2.17% during midday trading on Monday, reaching $5.19. The company’s stock had a trading volume of 1,811,384 shares. The company has a 50 day moving average price of $4.46 and a 200 day moving average price of $4.31. The firm’s market cap is $10.65 billion. Aegon NV has a 1-year low of $3.36 and a 1-year high of $6.19.
Several large investors have recently bought and sold shares of AEG. Dodge & Cox boosted its stake in Aegon NV by 3.0% in the second quarter. Dodge & Cox now owns 110,757,413 shares of the company’s stock valued at $444,137,000 after buying an additional 3,256,888 shares during the period. Cambiar Investors LLC boosted its stake in Aegon NV by 12.9% in the third quarter. Cambiar Investors LLC now owns 20,899,731 shares of the company’s stock valued at $80,673,000 after buying an additional 2,391,551 shares during the period. Brandes Investment Partners LP boosted its stake in Aegon NV by 6.4% in the third quarter. Brandes Investment Partners LP now owns 12,512,478 shares of the company’s stock valued at $48,298,000 after buying an additional 751,239 shares during the period. Private Management Group Inc. boosted its stake in Aegon NV by 6.6% in the third quarter. Private Management Group Inc. now owns 6,351,475 shares of the company’s stock valued at $24,517,000 after buying an additional 391,226 shares during the period. Finally, Morgan Stanley boosted its stake in Aegon NV by 5.6% in the third quarter. Morgan Stanley now owns 4,793,485 shares of the company’s stock valued at $18,503,000 after buying an additional 252,453 shares during the period. Institutional investors and hedge funds own 7.04% of the company’s stock.
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Aegon NV Company Profile
AEGON NV is a life insurance, pensions and asset management company based in the Netherlands. The Company’s products range from life, critical illness and disability insurance, to pensions, annuities, long-term savings and investments. It also offers mortgages, and car, household and travel insurance in some markets.
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