Sequoia Financial Advisors LLC Purchases 91,402 Shares of Aegon NV $AEG

Sequoia Financial Advisors LLC lifted its position in Aegon NV (NYSE:AEG) by 301.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,708 shares of the financial services provider’s stock after buying an additional 91,402 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Aegon were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of AEG. Blue Trust Inc. grew its stake in Aegon by 8.7% in the 1st quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,292 shares during the last quarter. Allworth Financial LP lifted its position in Aegon by 13.1% during the 4th quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 1,298 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Aegon by 8.1% during the third quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 1,494 shares during the period. HB Wealth Management LLC boosted its holdings in Aegon by 8.8% during the fourth quarter. HB Wealth Management LLC now owns 18,716 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 1,517 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Aegon by 2.1% in the first quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 1,551 shares during the last quarter. 4.32% of the stock is owned by institutional investors.

Aegon Trading Up 0.4%

AEG stock opened at $9.02 on Friday. Aegon NV has a 1-year low of $6.75 and a 1-year high of $9.10. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $8.55 and its 200-day moving average is $7.93. The firm has a market cap of $18.09 billion, a P/E ratio of -56.34 and a beta of 0.85.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AEG. Weiss Ratings upgraded Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Citigroup restated a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Morgan Stanley lowered Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th. Finally, BNP Paribas Exane started coverage on Aegon in a research report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price target on the stock. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Aegon has a consensus rating of “Hold” and an average target price of $10.00.

Aegon Company Profile

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.