Aegon (NYSE:AEG) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Aegon (NYSE:AEG) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other equities analysts also recently commented on AEG. Deutsche Bank Aktiengesellschaft began coverage on shares of Aegon in a report on Wednesday, January 7th. They issued a “hold” rating on the stock. Zacks Research cut shares of Aegon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Morgan Stanley restated an “overweight” rating on shares of Aegon in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Aegon in a report on Monday, December 29th. Finally, UBS Group lowered Aegon from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 3rd. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Aegon Trading Down 0.4%

Shares of AEG opened at $7.78 on Friday. The business’s 50 day moving average is $7.70 and its 200 day moving average is $7.62. Aegon has a 12-month low of $5.42 and a 12-month high of $8.15. The company has a market capitalization of $15.60 billion, a PE ratio of -48.59, a price-to-earnings-growth ratio of 0.22 and a beta of 0.78.

Hedge Funds Weigh In On Aegon

Several large investors have recently modified their holdings of AEG. Acadian Asset Management LLC grew its holdings in Aegon by 2,348.0% during the 2nd quarter. Acadian Asset Management LLC now owns 3,482,943 shares of the financial services provider’s stock valued at $25,200,000 after purchasing an additional 3,340,666 shares during the last quarter. Capital Fund Management S.A. bought a new stake in Aegon in the second quarter worth about $1,163,000. Creative Planning boosted its position in shares of Aegon by 15.9% during the second quarter. Creative Planning now owns 401,101 shares of the financial services provider’s stock valued at $2,904,000 after buying an additional 55,028 shares during the period. Focus Partners Advisor Solutions LLC bought a new position in shares of Aegon during the second quarter valued at approximately $80,000. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of Aegon by 407.9% in the second quarter. Campbell & CO Investment Adviser LLC now owns 201,002 shares of the financial services provider’s stock worth $1,455,000 after buying an additional 161,423 shares during the period. Institutional investors own 4.32% of the company’s stock.

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.