Aegon (NYSE:AEG) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Aegon NV (NYSE:AEG)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.38 and traded as high as $9.09. Aegon shares last traded at $9.0450, with a volume of 5,188,361 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AEG shares. Weiss Ratings cut Aegon from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, September 10th. Citigroup restated a “buy” rating on shares of Aegon in a research report on Tuesday, August 18th. Finally, Zacks Research raised shares of Aegon from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.

Aegon Trading Up 0.2%

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 stock has a market cap of $18.20 billion, a P/E ratio of -56.69 and a beta of 0.81. The stock has a 50-day moving average price of $9.18 and a 200-day moving average price of $8.39.

Aegon Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.2455 per share. The ex-dividend date is Thursday, September 3rd. This represents a yield of 534.0%. Aegon’s payout ratio is presently -256.25%.

Hedge Funds Weigh In On Aegon

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its position in shares of Aegon by 8.7% during the first quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 1,292 shares in the last quarter. Allworth Financial LP boosted its stake in Aegon by 13.1% during the 4th quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,298 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Aegon by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider’s stock valued at $856,000 after purchasing an additional 1,311 shares during the last quarter. Earned Wealth Advisors LLC increased its holdings in shares of Aegon by 14.6% in the 1st quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,508 shares in the last quarter. Finally, AlphaCore Capital LLC increased its holdings in shares of Aegon by 19.8% in the 4th quarter. AlphaCore Capital LLC now owns 12,213 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 2,022 shares in the last quarter. Institutional investors own 4.32% of the company’s stock.

About Aegon

Aegon N.V. is an international financial services company headquartered in The Hague, the Netherlands. Through its businesses and partnerships, the company provides life insurance, pensions, retirement solutions, savings and investment products, and asset management services to individuals, employers and institutions.

Aegon serves customers primarily in the Netherlands, the United Kingdom, Spain and Portugal, with additional international investment-management and insurance activities.