AEGON (NYSE:AEG)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $6.69 and last traded at $6.67, with a volume of 1725582 shares traded. The stock had previously closed at $6.55.

AEG has been the topic of several research reports. ValuEngine downgraded shares of AEGON from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of AEGON from a “sell” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Wednesday, December 27th. Finally, Sanford C. Bernstein initiated coverage on shares of AEGON in a research note on Thursday, September 14th. They issued a “market perform” rating and a $4.60 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. AEGON has an average rating of “Buy” and a consensus price target of $5.93.

The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $14,360.00, a P/E ratio of 6.79 and a beta of 1.42.

AEGON declared that its Board of Directors has approved a share repurchase program on Thursday, September 28th that permits the company to buyback 51,860,000 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in AEGON by 16.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,040,121 shares of the financial services provider’s stock worth $5,315,000 after purchasing an additional 146,640 shares during the period. Dimensional Fund Advisors LP raised its stake in AEGON by 24.9% during the second quarter. Dimensional Fund Advisors LP now owns 759,120 shares of the financial services provider’s stock worth $3,879,000 after purchasing an additional 151,183 shares during the period. M&T Bank Corp raised its stake in AEGON by 4.0% during the second quarter. M&T Bank Corp now owns 419,703 shares of the financial services provider’s stock worth $2,145,000 after purchasing an additional 16,317 shares during the period. Stevens Capital Management LP purchased a new position in AEGON during the third quarter worth about $357,000. Finally, Crossmark Global Holdings Inc. purchased a new position in AEGON during the third quarter worth about $990,000. 10.13% of the stock is currently owned by institutional investors.

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About AEGON

Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.

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