AEGON (AEG) Stock Rating Lowered by Zacks Investment Research

AEGON (NYSE:AEG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday, January 8th.

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. “

A number of other research firms have also recently commented on AEG. ValuEngine cut AEGON from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Societe Generale lowered AEGON from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Sanford C. Bernstein assumed coverage on AEGON in a research report on Thursday, September 14th. They set a “market perform” rating and a $4.60 price objective for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $6.18.

AEGON (NYSE AEG) traded up $0.09 on Monday, hitting $6.88. The stock had a trading volume of 2,069,327 shares, compared to its average volume of 1,920,000. The stock has a market cap of $14,530.00, a PE ratio of 6.62 and a beta of 1.42. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.65. AEGON has a 52 week low of $4.73 and a 52 week high of $7.02.

AEGON (NYSE:AEG) last released its earnings results on Thursday, November 9th. The financial services provider reported $0.24 EPS for the quarter. The company had revenue of $8.93 billion during the quarter. AEGON had a return on equity of 6.60% and a net margin of 5.64%. sell-side analysts predict that AEGON will post 0.92 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC increased its holdings in shares of AEGON by 0.3% in the 2nd quarter. Private Advisor Group LLC now owns 34,398 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 88 shares in the last quarter. Strategic Advisors LLC increased its holdings in shares of AEGON by 2.2% in the 2nd quarter. Strategic Advisors LLC now owns 46,150 shares of the financial services provider’s stock worth $1,191,000 after purchasing an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of AEGON by 3.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 71,018 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 2,513 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of AEGON by 4.9% in the 2nd quarter. Advisor Group Inc. now owns 59,125 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 2,782 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in shares of AEGON by 13.6% in the 2nd quarter. Eagle Asset Management Inc. now owns 32,935 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 3,944 shares in the last quarter. 10.13% of the stock is owned by institutional investors and hedge funds.

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About AEGON

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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