Aegon (NYSE:AEG) Shares Gap Down – Here’s What Happened

Aegon NV (NYSE:AEG) shares gapped down prior to trading on Wednesday . The stock had previously closed at $7.89, but opened at $7.21. Aegon shares last traded at $7.1150, with a volume of 4,193,390 shares trading hands.

Analyst Upgrades and Downgrades

AEG has been the topic of a number of recent analyst reports. UBS Group downgraded Aegon from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 3rd. Wall Street Zen raised Aegon from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aegon in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Aegon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Aegon Stock Down 9.7%

The company has a market capitalization of $14.29 billion, a PE ratio of -27.40, a PEG ratio of 0.21 and a beta of 0.79. The firm has a 50-day moving average of $7.67 and a two-hundred day moving average of $7.46.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SVB Wealth LLC purchased a new position in Aegon during the first quarter worth approximately $42,000. CWM LLC grew its stake in Aegon by 87.2% in the 3rd quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 2,687 shares during the period. Parkside Financial Bank & Trust increased its holdings in Aegon by 299.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 5,555 shares in the last quarter. Deutsche Bank AG purchased a new position in Aegon during the first quarter valued at $61,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Aegon in the third quarter valued at about $64,000. Institutional investors and hedge funds own 4.32% of the company’s stock.

Aegon Company Profile

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the United States, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, mutual funds, and stable value solutions; residential mortgage and digital baking services; and retail and institutional investment management solutions and retirement savings vehicles and strategies.