Aegon (NYSE:AEG) Stock Passes Above 200 Day Moving Average – What’s Next?

Aegon NV (NYSE:AEG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.72 and traded as high as $8.52. Aegon shares last traded at $8.4650, with a volume of 3,084,451 shares traded.

Wall Street Analyst Weigh In

AEG has been the subject of a number of recent analyst reports. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Morgan Stanley cut Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. BNP Paribas Exane initiated coverage on Aegon in a research note on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price target for the company. Finally, Wall Street Zen cut Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.00.

Aegon Trading Down 2.1%

The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $8.02 and a 200-day moving average of $7.73. The firm has a market capitalization of $16.62 billion, a P/E ratio of -51.78, a PEG ratio of 0.74 and a beta of 0.84.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Aegon in the fourth quarter valued at $33,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Aegon by 321.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock worth $35,000 after buying an additional 3,440 shares during the last quarter. Quantessence Capital LLC bought a new position in shares of Aegon in the 4th quarter valued at about $78,000. AlphaCore Capital LLC bought a new position in shares of Aegon in the 3rd quarter valued at about $81,000. Finally, Wedmont Private Capital bought a new position in shares of Aegon in the 4th quarter valued at about $80,000. 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.