Zacks Investment Research cut shares of AEGON (NYSE:AEG) from a strong-buy rating to a hold rating in a report published on Tuesday.
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. “
Several other equities analysts have also recently weighed in on the company. Bank of America cut AEGON from a neutral rating to an underperform rating in a report on Friday, June 15th. ValuEngine cut AEGON from a buy rating to a hold rating in a report on Friday, June 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. AEGON presently has a consensus rating of Hold and an average price target of $6.30.
AEG opened at $6.02 on Tuesday. The firm has a market capitalization of $12.61 billion, a P/E ratio of 7.17 and a beta of 1.33. AEGON has a 1 year low of $4.82 and a 1 year high of $7.48. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.60.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of AEGON by 50.2% during the 1st quarter. BlackRock Inc. now owns 4,753,136 shares of the financial services provider’s stock worth $32,179,000 after buying an additional 1,589,110 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of AEGON by 209.7% during the 1st quarter. Wells Fargo & Company MN now owns 2,400,031 shares of the financial services provider’s stock worth $16,248,000 after buying an additional 1,625,192 shares in the last quarter. Northern Trust Corp raised its holdings in shares of AEGON by 1.3% during the 1st quarter. Northern Trust Corp now owns 1,793,285 shares of the financial services provider’s stock worth $12,141,000 after buying an additional 23,446 shares in the last quarter. Raymond James & Associates raised its holdings in shares of AEGON by 83.4% during the 4th quarter. Raymond James & Associates now owns 1,699,710 shares of the financial services provider’s stock worth $10,708,000 after buying an additional 772,984 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of AEGON during the 1st quarter worth $10,600,000. 9.09% of the stock is owned by hedge funds and other institutional investors.
Aegon N.V. provides life insurance, pensions, and asset management services. It offers life and protection products, such as traditional and universal life insurance products, as well as employer, endowment, term, and whole life insurance products; and supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel, and long-term care insurance products.
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