AEGON (NYSE:AEG) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,710,000 shares, an increase of 8.4% from the August 30th total of 2,500,000 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,560,000 shares, the days-to-cover ratio is currently 1.7 days.
Several institutional investors and hedge funds have recently bought and sold shares of AEG. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in AEGON during the second quarter worth $43,000. Advisor Partners LLC bought a new position in AEGON during the second quarter worth $56,000. Auxier Asset Management bought a new position in AEGON during the second quarter worth $58,000. Destination Wealth Management boosted its stake in AEGON by 95.2% during the second quarter. Destination Wealth Management now owns 14,352 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Wall Street Access Asset Management LLC bought a new position in AEGON during the second quarter worth $73,000. Institutional investors own 6.23% of the company’s stock.
Several equities research analysts have recently weighed in on AEG shares. ValuEngine upgraded shares of AEGON from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods cut shares of AEGON from a “market perform” rating to an “underperform” rating in a research report on Friday, October 11th. Finally, Zacks Investment Research cut shares of AEGON from a “hold” rating to a “sell” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.38.
AEG opened at $4.27 on Wednesday. AEGON has a twelve month low of $3.69 and a twelve month high of $6.34. The company has a fifty day moving average of $4.06 and a 200-day moving average of $4.62. The stock has a market cap of $11.37 billion, a PE ratio of 4.74 and a beta of 1.31.
Aegon N.V. provides insurance, pensions, and asset management services worldwide. It offers life, accident, and health insurance; property and casualty insurance; home and car insurance; individual investment accounts; annuities; retirement plan services; stable value solutions; retail and institutional investment management solutions; savings products; group pensions; mortgage loans; and bank accounts.
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