Zacks Investment Research downgraded shares of AEGON (NYSE:AEG) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, Zacks.com reports.
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. “
AEG stock traded up $0.05 during midday trading on Tuesday, reaching $4.12. The company’s stock had a trading volume of 2,063,354 shares, compared to its average volume of 1,394,940. The stock has a fifty day simple moving average of $4.33 and a two-hundred day simple moving average of $4.31. AEGON has a 1 year low of $3.69 and a 1 year high of $5.43. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 4.57 and a beta of 1.34.
A number of hedge funds have recently added to or reduced their stakes in AEG. Advisory Services Network LLC grew its position in shares of AEGON by 67.8% during the 4th quarter. Advisory Services Network LLC now owns 6,188 shares of the financial services provider’s stock worth $28,000 after buying an additional 2,501 shares in the last quarter. Parallel Advisors LLC grew its position in shares of AEGON by 31.2% during the 4th quarter. Parallel Advisors LLC now owns 12,781 shares of the financial services provider’s stock worth $58,000 after buying an additional 3,042 shares in the last quarter. Advisor Partners LLC grew its position in shares of AEGON by 30.1% during the 4th quarter. Advisor Partners LLC now owns 16,404 shares of the financial services provider’s stock worth $71,000 after buying an additional 3,795 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of AEGON by 117.4% during the 3rd quarter. Lindbrook Capital LLC now owns 8,260 shares of the financial services provider’s stock worth $34,000 after buying an additional 4,460 shares in the last quarter. Finally, CIBC World Markets Inc. grew its position in shares of AEGON by 0.4% during the 4th quarter. CIBC World Markets Inc. now owns 1,123,090 shares of the financial services provider’s stock worth $5,088,000 after buying an additional 4,757 shares in the last quarter. Institutional investors and hedge funds own 6.24% of the company’s stock.
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.
Further Reading: Sell-Side Analysts
Get a free copy of the Zacks research report on AEGON (AEG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AEGON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AEGON and related companies with MarketBeat.com's FREE daily email newsletter.