Aegon NV (AEG) stock falls, “Hold” rating reaffirmed by ING Group Analysts

Aegon NV (NYSE: AEG) shares fell on Thursday Dec 1 with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.

Meanwhile, U.S. stocks opened with slight gains on Thursday.

The Dow Jones Industrial Average DJIA, +0.31% rose 38.22 points, or 0.2%, to 19,174, while the S&P 500 SPX, +0.01% added 2.1 points to 2,202, a rise of 0.1%.

The Nasdaq Composite Index COMP, -0.32% rose less than 1 point to 5,323, essentially unchanged on the day.
Aegon NV (NYSE: AEG) had its Hold rating reiterated by equities researchers at ING Group in a research note to investors. The company currently has a rating of Hold on the shares. A number of other analysts have issued reports on the company in recent days, and Aegon NV has earned a consensus one-year price target of $5.50, above the opening price of $5.09. Aegon NV stock has a 52-week high of $6.19. Share prices sometimes get a spike to the upside when analysts reiterate coverage.

Shares of Aegon NV (NYSE: AEG) opened at $5.09 on Tuesday trading between $5.06 and $5.10, and last traded at $5.07, which is a drop of $0.03 per share or -0.59% compared to the previous closing price.

Aegon NV (NYSE: AEG) now has a market cap of 10.41B.

Aegon NV (NYSE: AEG) Average Daily Trading Volume

The stock’s average daily volume is 2,229,250 shares out of a total float 1,722,170,000 and some 245,797 shares crossed the trading desk yesterday, lower than the norm. Swing traders often use increases in trading volume to identify large volume accumulation or circulation by institutional investors, so look for trading volume to pick up in the coming days.

While higher trading for short periods will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks delivers a positive indicator to market traders that institutions may be moving in, so institutional sponsorship is critical.

Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Institutional investors such as these retain substantial teams of analysts that investigate thousands of stocks, so it is good validation to see them taking a postion in a stock you are considering.

Aegon NV (NYSE: AEG) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By tracking the activity of these professional investors—and the moving averages they affect— traders are able to make make the best trades.

With that in mind, Aegon NV (NYSE: AEG) now has a 50-day MA of $4.56 and 200-day MA of $4.30. It has traded in a 52-week range between $3.36 – 6.19 and today’s last price is 18.09%% lower than the 52 week high of $6.19.

Earnings growth is an important factor to look at when buying stocks and investors identify companies that have grown their earnings by at least 25% over a 3 year period.

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