Aegon (NYSE:AEG) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Aegon (NYSE:AEG) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

AEG has been the topic of several other reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Aegon in a report on Friday, January 9th. Weiss Ratings restated a “buy (b)” rating on shares of Aegon in a report on Monday, December 29th. Zacks Research cut Aegon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Aegon in a research report on Wednesday, January 7th. They set a “hold” rating for the company. Finally, UBS Group cut shares of Aegon from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Aegon Stock Performance

AEG opened at $7.71 on Friday. The stock has a market capitalization of $15.46 billion, a price-to-earnings ratio of -48.16, a PEG ratio of 0.21 and a beta of 0.78. The company has a fifty day moving average of $7.68 and a 200 day moving average of $7.60. Aegon has a fifty-two week low of $5.42 and a fifty-two week high of $8.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Aegon by 87.2% in the 3rd quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 2,687 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Aegon by 299.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 5,555 shares during the period. Independence Bank of Kentucky bought a new stake in Aegon in the third quarter worth about $64,000. Earned Wealth Advisors LLC bought a new stake in Aegon in the second quarter worth about $74,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of Aegon during the second quarter valued at approximately $74,000. 4.32% of the stock is owned by hedge funds and other institutional investors.

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.