Aegon (NYSE:AEG) Hits New 52-Week High – Still a Buy?

Shares of Aegon NV (NYSE:AEG) reached a new 52-week high during trading on Monday . The stock traded as high as $8.83 and last traded at $8.7850, with a volume of 3583910 shares traded. The stock had previously closed at $8.80.

Wall Street Analyst Weigh In

AEG has been the topic of a number of research analyst reports. Morgan Stanley downgraded shares of Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. BNP Paribas Exane began coverage on shares of Aegon in a research report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 target price for the company. Weiss Ratings raised shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Finally, Citigroup restated a “buy” rating on shares of Aegon in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.00.

Aegon Price Performance

The stock has a 50 day moving average price of $8.48 and a two-hundred day moving average price of $7.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $17.64 billion, a PE ratio of -55.03 and a beta of 0.85.

Hedge Funds Weigh In On Aegon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Aegon in the fourth quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd increased 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 purchasing an additional 3,440 shares during the last quarter. Eastern Bank acquired a new position in shares of Aegon during the 2nd quarter worth $55,000. Quantessence Capital LLC bought a new position in shares of Aegon during the 4th quarter valued at $78,000. Finally, Wedmont Private Capital bought a new position in shares of Aegon during the 4th quarter valued at $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.