AEGON (AEG) Cut to “Hold” at Zacks Investment Research

AEGON (NYSE:AEG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, January 19th.

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. “

Separately, ValuEngine downgraded shares of AEGON from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $6.18.

Shares of AEGON (AEG) traded up $0.17 during trading hours on Friday, hitting $6.76. 2,510,000 shares of the company’s stock were exchanged, compared to its average volume of 3,400,000. AEGON has a 52 week low of $4.73 and a 52 week high of $7.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $14,180.00, a P/E ratio of 6.56 and a beta of 1.46.

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its stake in AEGON by 16.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,040,121 shares of the financial services provider’s stock worth $5,315,000 after purchasing an additional 146,640 shares during the period. Dimensional Fund Advisors LP boosted its stake in AEGON by 24.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 759,120 shares of the financial services provider’s stock worth $3,879,000 after purchasing an additional 151,183 shares during the period. M&T Bank Corp boosted its stake in AEGON by 4.0% during the 2nd quarter. M&T Bank Corp now owns 419,703 shares of the financial services provider’s stock worth $2,145,000 after purchasing an additional 16,317 shares during the period. Parametric Portfolio Associates LLC boosted its stake in AEGON by 6.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,195,100 shares of the financial services provider’s stock worth $18,500,000 after purchasing an additional 207,253 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in AEGON during the 3rd quarter worth $357,000. Hedge funds and other institutional investors own 9.08% of the company’s stock.

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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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