Aegon NV (AEG) Sees Large Volume Increase
Aegon NV (NYSE:AEG) saw unusually-strong trading volume on Tuesday . Approximately 2,006,070 shares traded hands during mid-day trading, an increase of 14% from the previous session’s volume of 1,760,482 shares.The stock last traded at $3.99 and had previously closed at $3.90.
A number of research analysts recently weighed in on AEG shares. Zacks Investment Research upgraded shares of Aegon NV from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Tuesday, April 26th. TheStreet upgraded shares of Aegon NV from a “hold” rating to a “buy” rating in a research report on Monday, May 2nd. Morgan Stanley lowered shares of Aegon NV from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, May 17th. JPMorgan Chase & Co. lowered shares of Aegon NV from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 28th. Finally, Barclays PLC lowered shares of Aegon NV from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.07.
The stock has a 50-day moving average of $3.95 and a 200 day moving average of $4.87. The company’s market capitalization is $8.19 billion.
The company also recently announced a dividend, which will be paid on Friday, September 16th. Stockholders of record on Monday, August 22nd will be issued a $0.124 dividend. The ex-dividend date of this dividend is Thursday, August 18th.
Several large investors have recently added to or reduced their stakes in AEG. Dimensional Fund Advisors LP raised its stake in Aegon NV by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 597,782 shares of the company’s stock valued at $3,389,000 after buying an additional 2,328 shares during the period. Wells Fargo & Company MN raised its stake in Aegon NV by 13.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,836,617 shares of the company’s stock valued at $10,413,000 after buying an additional 216,353 shares during the period. Finally, Morgan Stanley raised its stake in Aegon NV by 9.3% in the fourth quarter. Morgan Stanley now owns 2,383,024 shares of the company’s stock valued at $13,512,000 after buying an additional 203,580 shares during the period.
AEGON NV is a life insurance, pensions and asset management company based in the Netherlands. The Company’s products range from life, critical illness and disability insurance, to pensions, annuities, long-term savings and investments. It also offers mortgages, and car, household and travel insurance in some markets.
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