Aegon (NYSE:AEG) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Investment analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Aegon (NYSE:AEG) in a note issued to investors on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Several other analysts also recently commented on the company. UBS Group downgraded Aegon from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 3rd. Zacks Research lowered shares of Aegon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Aegon in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Aegon from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Aegon Stock Down 3.5%

NYSE:AEG traded down $0.28 during trading hours on Wednesday, reaching $7.62. The company had a trading volume of 1,332,281 shares, compared to its average volume of 4,080,092. Aegon has a twelve month low of $5.42 and a twelve month high of $8.15. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of -29.29, a P/E/G ratio of 0.22 and a beta of 0.78. The business’s 50-day simple moving average is $7.67 and its two-hundred day simple moving average is $7.54.

Hedge Funds Weigh In On Aegon

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Aegon by 2.1% in the first quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider’s stock worth $507,000 after buying an additional 1,551 shares during the period. AQR Capital Management LLC increased its holdings in shares of Aegon by 16.3% in the 1st quarter. AQR Capital Management LLC now owns 75,569 shares of the financial services provider’s stock worth $498,000 after purchasing an additional 10,591 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Aegon by 20.0% in the first quarter. Acadian Asset Management LLC now owns 142,277 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 23,670 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in shares of Aegon during the second quarter valued at $196,000. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Aegon during the second quarter valued at $165,000. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

About Aegon

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.