Aegon (NYSE:AEG) Downgraded by JPMorgan Chase & Co. to Neutral

Aegon (NYSE:AEG) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Thursday, Marketbeat Ratings reports.

AEG has been the subject of a number of other reports. Zacks Research upgraded Aegon from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Weiss Ratings downgraded Aegon from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, October 9th. Finally, Citigroup reissued a “buy” rating on shares of Aegon in a report on Tuesday, August 18th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.00.

Aegon Stock Performance

NYSE:AEG opened at $8.38 on Thursday. The company’s 50-day simple moving average is $8.87 and its 200-day simple moving average is $8.66. Aegon has a fifty-two week low of $6.75 and a fifty-two week high of $9.61.

Hedge Funds Weigh In On Aegon

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in Aegon by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,741,711 shares of the financial services provider’s stock worth $85,233,000 after purchasing an additional 901,979 shares during the period. ABC Arbitrage SA grew its holdings in Aegon by 0.5% in the first quarter. ABC Arbitrage SA now owns 2,107,085 shares of the financial services provider’s stock valued at $15,297,000 after purchasing an additional 9,775 shares during the period. Quantinno Capital Management LP grew its holdings in Aegon by 42.8% in the first quarter. Quantinno Capital Management LP now owns 1,735,351 shares of the financial services provider’s stock valued at $12,599,000 after purchasing an additional 520,221 shares during the period. Transmarket Holdings LP grew its holdings in Aegon by 106.1% in the first quarter. Transmarket Holdings LP now owns 665,613 shares of the financial services provider’s stock valued at $4,832,000 after purchasing an additional 342,704 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Aegon by 6.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 644,010 shares of the financial services provider’s stock valued at $4,676,000 after buying an additional 41,260 shares in the last quarter. Hedge funds and other institutional investors own 4.32% of the company’s stock.

About Aegon

Aegon N.V. is an international financial services company that provides insurance, retirement, and investment products. Its offerings include life insurance, annuities, pensions, retirement plans, employee benefits, and asset management services for individuals, employers, and institutional clients.

Aegon conducts much of its business through the Transamerica brand in the United States, offering retirement solutions, life insurance, investment products, and workplace benefits. The company also has operations in selected European markets, including the United Kingdom, Spain, and Portugal, as well as international asset management activities.

Headquartered in The Hague, the Netherlands, Aegon was formed in 1983 through the merger of Dutch insurers AGO and Ennia, whose roots extend back more than 175 years.