BidaskClub Upgrades Aegon NV (AEG) to “Hold”
BidaskClub upgraded shares of Aegon NV (NYSE:AEG) from a sell rating to a hold rating in a report released on Friday.
Several other equities analysts have also recently weighed in on AEG. Zacks Investment Research cut Aegon NV from a hold rating to a sell rating in a research note on Friday, May 12th. TheStreet cut Aegon NV from a b- rating to a c rating in a research note on Thursday, May 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $5.38.
Shares of Aegon NV (NYSE AEG) opened at 5.42 on Friday. The stock has a 50 day moving average of $4.98 and a 200-day moving average of $5.29. Aegon NV has a 12 month low of $3.63 and a 12 month high of $5.84. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 18.01 and a beta of 1.37.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Dodge & Cox acquired a new position in shares of Aegon NV during the fourth quarter valued at approximately $600,457,000. Eagle Global Advisors LLC acquired a new position in shares of Aegon NV during the first quarter valued at approximately $4,763,000. Bank of America Corp DE raised its position in shares of Aegon NV by 9.3% in the first quarter. Bank of America Corp DE now owns 7,678,817 shares of the financial services provider’s stock valued at $39,392,000 after buying an additional 655,791 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of Aegon NV by 5.3% in the first quarter. Brandes Investment Partners LP now owns 12,039,754 shares of the financial services provider’s stock valued at $61,764,000 after buying an additional 609,480 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Aegon NV during the fourth quarter valued at approximately $2,585,000. 10.27% of the stock is owned by institutional investors.
About Aegon NV
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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