Zacks Research Upgrades Aegon (NYSE:AEG) to Hold

Aegon (NYSE:AEG) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other brokerages also recently commented on AEG. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research report on Tuesday, August 18th. Morgan Stanley downgraded shares of Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. Finally, Weiss Ratings raised shares of Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Aegon currently has an average rating of “Moderate Buy” and an average target price of $10.00.

Aegon Price Performance

Shares of AEG opened at $9.22 on Tuesday. Aegon has a 52-week low of $6.75 and a 52-week high of $9.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.12. The business’s 50 day moving average price is $9.01 and its two-hundred day moving average price is $8.24. The firm has a market cap of $18.50 billion, a PE ratio of -57.62 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Aegon by 2.1% during the first quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 1,551 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Aegon by 16.3% in the 1st quarter. AQR Capital Management LLC now owns 75,569 shares of the financial services provider’s stock worth $498,000 after purchasing an additional 10,591 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Aegon by 20.0% in the 1st quarter. Acadian Asset Management LLC now owns 142,277 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 23,670 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Aegon in the 2nd quarter valued at $165,000. Finally, Rhumbline Advisers grew its position in Aegon by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 92,294 shares of the financial services provider’s stock valued at $668,000 after purchasing an additional 2,921 shares during the period. Institutional investors own 4.32% of the company’s stock.

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.