Zacks Investment Research upgraded shares of AEGON (NYSE:AEG) from a hold rating to a buy rating in a research report report published on Tuesday. Zacks Investment Research currently has $7.25 price target on the financial services provider’s stock.
According to Zacks, “Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. The Company’s other lines of business include property and casualty insurance and financial services. “
AEG has been the subject of a number of other research reports. Sanford C. Bernstein started coverage on AEGON in a research note on Thursday, September 14th. They set a market perform rating and a $4.60 price objective for the company. Societe Generale lowered AEGON from a buy rating to a hold rating in a research note on Wednesday, September 13th. Finally, ValuEngine lowered AEGON from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $5.93.
AEGON (NYSE AEG) traded up $0.13 during midday trading on Tuesday, hitting $6.79. The company’s stock had a trading volume of 3,147,700 shares, compared to its average volume of 2,049,350. The stock has a market cap of $14,210.00, a price-to-earnings ratio of 6.79 and a beta of 1.42. AEGON has a twelve month low of $4.73 and a twelve month high of $6.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.10 and a quick ratio of 0.10.
AEGON declared that its board has authorized a share buyback plan on Thursday, September 28th that authorizes the company to buyback 51,860,000 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its stake in shares of AEGON by 25.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,935 shares of the financial services provider’s stock valued at $42,397,000 after buying an additional 1,690,800 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of AEGON by 6.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,195,100 shares of the financial services provider’s stock valued at $18,500,000 after acquiring an additional 207,253 shares during the period. Aperio Group LLC grew its position in shares of AEGON by 5.3% during the 3rd quarter. Aperio Group LLC now owns 1,389,519 shares of the financial services provider’s stock valued at $8,045,000 after acquiring an additional 70,475 shares during the period. Royal Bank of Canada grew its position in shares of AEGON by 11.3% during the 2nd quarter. Royal Bank of Canada now owns 1,166,689 shares of the financial services provider’s stock valued at $5,961,000 after acquiring an additional 118,696 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of AEGON by 16.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,040,121 shares of the financial services provider’s stock valued at $5,315,000 after acquiring an additional 146,640 shares during the period. Institutional investors and hedge funds own 10.13% of the company’s stock.
Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.
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