Aegon NV (NYSE:AEG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $5.75 target price on the stock. Zacks Investment Research’s price target would indicate a potential upside of 12.30% from the stock’s previous close.

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. “

AEG has been the topic of several other research reports. TheStreet downgraded shares of Aegon NV from a “hold” rating to a “sell” rating in a report on Friday, August 19th. Bank of America Corp. set a $5.00 price target on shares of Aegon NV and gave the company a “hold” rating in a report on Monday, November 14th. Macquarie initiated coverage on shares of Aegon NV in a report on Tuesday, October 11th. They set an “outperform” rating on the stock. Finally, Societe Generale downgraded shares of Aegon NV from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. 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 stock. The company has an average rating of “Hold” and a consensus target price of $5.38.

Analyst Recommendations for Aegon NV (NYSE:AEG)

Shares of Aegon NV (NYSE:AEG) opened at 5.12 on Tuesday. The stock has a 50 day moving average of $4.49 and a 200-day moving average of $4.32. Aegon NV has a 52 week low of $3.36 and a 52 week high of $6.19. The stock’s market cap is $10.51 billion.

Large investors have recently made changes to their positions in the company. Ronald Blue & Co. LLC boosted its stake in shares of Aegon NV by 65.9% in the third quarter. Ronald Blue & Co. LLC now owns 26,038 shares of the company’s stock valued at $100,000 after buying an additional 10,341 shares in the last quarter. Princeton Alpha Management LP boosted its stake in shares of Aegon NV by 57.8% in the second quarter. Princeton Alpha Management LP now owns 25,984 shares of the company’s stock valued at $104,000 after buying an additional 9,518 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Aegon NV by 1,914.5% in the third quarter. Riverhead Capital Management LLC now owns 27,921 shares of the company’s stock valued at $108,000 after buying an additional 26,535 shares in the last quarter. Buckingham Asset Management LLC boosted its stake in shares of Aegon NV by 8.6% in the second quarter. Buckingham Asset Management LLC now owns 27,636 shares of the company’s stock valued at $111,000 after buying an additional 2,183 shares in the last quarter. Finally, FDx Advisors Inc. boosted its stake in shares of Aegon NV by 6.9% in the second quarter. FDx Advisors Inc. now owns 28,498 shares of the company’s stock valued at $114,000 after buying an additional 1,831 shares in the last quarter. Institutional investors own 7.04% of the company’s stock.

WARNING: This piece was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/24/zacks-investment-research-upgrades-aegon-nv-aeg-to-buy.html.

About Aegon NV

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.

5 Day Chart for NYSE:AEG

Receive News & Stock Ratings for Aegon NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegon NV and related stocks with our FREE daily email newsletter.