Aegon (NYSE:AEG) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday. The firm presently has a $8.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 15.27% from the company’s previous close.
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. “
Separately, ValuEngine raised Aegon from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Aegon presently has an average rating of “Buy” and an average target price of $6.30.
Shares of NYSE AEG opened at $6.94 on Wednesday. Aegon has a 52 week low of $6.87 and a 52 week high of $6.92. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.60. The company has a market cap of $14.20 billion, a P/E ratio of 8.26 and a beta of 1.37.
Aegon (NYSE:AEG) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.22 EPS for the quarter. Aegon had a return on equity of 6.59% and a net margin of 7.24%. The firm had revenue of $10.33 billion during the quarter. equities research analysts anticipate that Aegon will post 0.92 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AEG. BlackRock Inc. lifted its position in shares of Aegon by 467.0% in the fourth quarter. BlackRock Inc. now owns 3,164,026 shares of the financial services provider’s stock valued at $19,933,000 after buying an additional 2,606,012 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Aegon by 209.7% in the first quarter. Wells Fargo & Company MN now owns 2,400,031 shares of the financial services provider’s stock valued at $16,248,000 after buying an additional 1,625,192 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Aegon during the 1st quarter worth approximately $10,600,000. Federated Investors Inc. PA acquired a new stake in Aegon during the 1st quarter worth approximately $5,356,000. Finally, Raymond James & Associates lifted its holdings in Aegon by 83.4% during the 4th quarter. Raymond James & Associates now owns 1,699,710 shares of the financial services provider’s stock worth $10,708,000 after purchasing an additional 772,984 shares during the last quarter. 9.07% of the stock is owned by institutional investors.
Aegon Company Profile
Aegon N.V. provides life insurance, pensions, and asset management services. It offers life and protection products, such as traditional and universal life insurance products, as well as employer, endowment, term, and whole life insurance products; and supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel, and long-term care insurance products.
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