Aegon (NYSE:AEG) Shares Gap Down – What’s Next?

Aegon NV (NYSE:AEG) shares gapped down before the market opened on Thursday . The stock had previously closed at $7.80, but opened at $7.37. Aegon shares last traded at $7.2750, with a volume of 2,101,937 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Aegon in a research report on Wednesday, January 7th. They set a “hold” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Aegon in a research note on Monday, December 29th. Zacks Research downgraded Aegon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Morgan Stanley reissued an “overweight” rating on shares of Aegon in a research note on Friday, January 9th. Finally, Wall Street Zen raised Aegon from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Aegon has a consensus rating of “Moderate Buy”.

Aegon Stock Performance

The company has a market capitalization of $14.66 billion, a PE ratio of -45.72, a P/E/G ratio of 0.21 and a beta of 0.79. The company’s 50-day moving average is $7.70 and its 200 day moving average is $7.67.

Hedge Funds Weigh In On Aegon

A number of hedge funds have recently made changes to their positions in AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Aegon during the fourth quarter valued at approximately $33,000. CWM LLC lifted its position in shares of Aegon by 87.2% during the third quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 2,687 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Aegon by 299.5% in the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 5,555 shares during the last quarter. Independence Bank of Kentucky purchased a new position in Aegon in the 3rd quarter worth about $64,000. Finally, Vestmark Advisory Solutions Inc. bought a new stake in Aegon during the 2nd quarter valued at about $74,000. Institutional investors own 4.32% of the company’s stock.

About Aegon

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.