AEGON (NYSE:AEG) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report released on Wednesday, December 27th. The firm presently has a $7.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 1.74% from the stock’s current price.
According to Zacks, “Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. The Company’s other lines of business include property and casualty insurance and financial services. “
Other research analysts have also issued reports about the company. ValuEngine lowered AEGON from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Sanford C. Bernstein initiated coverage on AEGON in a report on Thursday, September 14th. They set a “market perform” rating and a $4.60 price target on the stock. Finally, Societe Generale lowered AEGON from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $5.93.
Shares of AEGON (NYSE:AEG) opened at $6.88 on Wednesday. AEGON has a 52-week low of $4.73 and a 52-week high of $6.91. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $13,851.60, a price-to-earnings ratio of 6.95 and a beta of 1.45.
AEGON declared that its Board of Directors has authorized a stock buyback plan on Thursday, September 28th that permits the company to buyback 51,860,000 shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in AEGON by 16.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,040,121 shares of the financial services provider’s stock valued at $5,315,000 after buying an additional 146,640 shares in the last quarter. CIBC World Markets Inc. boosted its position in shares of AEGON by 40.1% in the 2nd quarter. CIBC World Markets Inc. now owns 961,636 shares of the financial services provider’s stock valued at $4,914,000 after purchasing an additional 275,244 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of AEGON by 24.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 759,120 shares of the financial services provider’s stock valued at $3,879,000 after purchasing an additional 151,183 shares during the period. M&T Bank Corp boosted its position in shares of AEGON by 4.0% in the 2nd quarter. M&T Bank Corp now owns 419,703 shares of the financial services provider’s stock valued at $2,145,000 after purchasing an additional 16,317 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of AEGON by 52.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 596,194 shares of the financial services provider’s stock valued at $3,047,000 after purchasing an additional 205,300 shares during the period. 10.13% of the stock is owned by institutional investors and hedge funds.
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AEGON Company Profile
Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.
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