Analysts Set AEGON (AEG) Price Target at $5.80

Shares of AEGON (NYSE:AEG) have been given a consensus rating of “Buy” by the six research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $5.93.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised AEGON from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a research report on Tuesday. ValuEngine downgraded AEGON from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Sanford C. Bernstein began coverage on AEGON in a report on Thursday, September 14th. They issued a “market perform” rating and a $4.60 price target for the company. Finally, Societe Generale downgraded AEGON from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th.

Several large investors have recently added to or reduced their stakes in AEG. Arrowstreet Capital Limited Partnership lifted its holdings in shares of AEGON by 25.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 8,296,935 shares of the financial services provider’s stock valued at $42,397,000 after buying an additional 1,690,800 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of AEGON by 6.9% during the third quarter. Parametric Portfolio Associates LLC now owns 3,195,100 shares of the financial services provider’s stock valued at $18,500,000 after purchasing an additional 207,253 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of AEGON by 5.3% during the third quarter. Aperio Group LLC now owns 1,389,519 shares of the financial services provider’s stock valued at $8,045,000 after purchasing an additional 70,475 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of AEGON by 11.3% during the second quarter. Royal Bank of Canada now owns 1,166,689 shares of the financial services provider’s stock valued at $5,961,000 after purchasing an additional 118,696 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 146,640 shares during the last quarter. 10.13% of the stock is owned by institutional investors.

Shares of AEGON (NYSE AEG) traded up $0.11 on Monday, hitting $6.66. The company’s stock had a trading volume of 2,344,700 shares, compared to its average volume of 1,892,443. AEGON has a one year low of $4.73 and a one year high of $6.72. The firm has a market cap of $14,090.00, a price-to-earnings ratio of 6.66 and a beta of 1.42. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.10 and a current ratio of 0.10.

AEGON declared that its Board of Directors has approved a share buyback program on Thursday, September 28th that authorizes the company to buyback 51,860,000 shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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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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