Aegon (NYSE:AEG) Downgraded by Wall Street Zen to Hold

Aegon (NYSE:AEG) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other research analysts have also issued reports about the stock. UBS Group lowered shares of Aegon from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Aegon in a research note on Friday, January 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Aegon in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft began coverage on Aegon in a report on Wednesday, January 7th. They set a “hold” rating on the stock. Finally, Zacks Research downgraded Aegon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Aegon Price Performance

AEG stock traded up $0.01 during midday trading on Friday, reaching $7.71. The company had a trading volume of 3,942,590 shares, compared to its average volume of 3,307,095. The firm has a 50-day moving average price of $7.68 and a 200-day moving average price of $7.59. The company has a market capitalization of $15.46 billion, a P/E ratio of -48.16, a P/E/G ratio of 0.21 and a beta of 0.78. Aegon has a 1 year low of $5.42 and a 1 year high of $8.15.

Hedge Funds Weigh In On Aegon

A number of large investors have recently bought and sold shares of AEG. CWM LLC lifted its position in Aegon by 87.2% in the third quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 2,687 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Aegon by 299.5% in the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after buying an additional 5,555 shares during the period. Independence Bank of Kentucky purchased a new position in shares of Aegon in the third quarter worth $64,000. AlphaCore Capital LLC bought a new stake in Aegon during the 3rd quarter valued at $81,000. Finally, Earned Wealth Advisors LLC purchased a new stake in Aegon during the 2nd quarter valued at $74,000. 4.32% of the stock is owned by hedge funds and other institutional investors.

Aegon Company Profile

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.