Zacks Investment Research downgraded shares of AEGON (NYSE:AEG) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

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. “

Several other equities analysts also recently issued reports on AEG. ValuEngine downgraded shares of AEGON from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Societe Generale downgraded shares of AEGON from a buy rating to a hold rating in a research note on Wednesday, September 13th. Finally, Sanford C. Bernstein initiated coverage on shares of AEGON in a research note on Thursday, September 14th. They issued a market perform rating and a $4.60 price objective for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $5.93.

Shares of AEGON (AEG) traded up $0.13 during mid-day trading on Monday, hitting $6.79. 3,147,700 shares of the company were exchanged, compared to its average volume of 2,049,350. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $14,210.00, a P/E ratio of 6.79 and a beta of 1.42. AEGON has a 12-month low of $4.73 and a 12-month high of $6.79.

AEGON declared that its board has initiated a stock repurchase plan on Thursday, September 28th that authorizes the company to repurchase 51,860,000 shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC boosted its stake in AEGON by 6.9% in the third 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 in the last quarter. Susquehanna International Group LLP acquired a new position in AEGON in the third quarter valued at $308,000. Fieldpoint Private Securities LLC acquired a new position in AEGON in the third quarter valued at $335,000. Cubist Systematic Strategies LLC boosted its stake in AEGON by 123.9% in the third quarter. Cubist Systematic Strategies LLC now owns 73,580 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 40,717 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in AEGON by 2.8% in the third quarter. AMP Capital Investors Ltd now owns 359,020 shares of the financial services provider’s stock valued at $2,079,000 after acquiring an additional 9,703 shares in the last quarter. Institutional investors own 10.13% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “AEGON (AEG) Cut to Hold at Zacks Investment Research” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/aegon-aeg-cut-to-hold-at-zacks-investment-research/1804543.html.

AEGON Company Profile

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.

Get a free copy of the Zacks research report on AEGON (AEG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for AEGON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AEGON and related companies with MarketBeat.com's FREE daily email newsletter.