Aegon NV (AEG) Receives Average Rating of “Hold” from Brokerages
Aegon NV (NYSE:AEG) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $4.60.
AEG has been the subject of several analyst reports. Zacks Investment Research lowered shares of Aegon from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Sanford C. Bernstein started coverage on shares of Aegon in a research note on Thursday, September 14th. They set a “market perform” rating and a $4.60 target price for the company. TheStreet raised shares of Aegon from a “c+” rating to a “b” rating in a research note on Friday, August 25th. Societe Generale downgraded shares of Aegon from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, ValuEngine downgraded shares of Aegon from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st.
Aegon (NYSE:AEG) remained flat at $$6.21 on Thursday. 1,346,446 shares of the company’s stock were exchanged, compared to its average volume of 2,127,939. The firm has a market cap of $13,170.00, a P/E ratio of 7.13 and a beta of 1.41. 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 has a 12-month low of $4.73 and a 12-month high of $6.27.
Aegon declared that its board has authorized a share repurchase plan on Thursday, September 28th that permits the company to buyback 51,860,000 outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tocqueville Asset Management L.P. grew its holdings in Aegon by 84.1% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 20,389 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 9,312 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in Aegon by 4.2% during the 2nd quarter. Checchi Capital Advisers LLC now owns 20,744 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 838 shares during the last quarter. Pitcairn Co. grew its holdings in Aegon by 15.3% during the 2nd quarter. Pitcairn Co. now owns 20,932 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,776 shares during the last quarter. HRT Financial LLC bought a new position in Aegon during the 2nd quarter valued at about $115,000. Finally, Credit Suisse AG purchased a new stake in Aegon in the 1st quarter valued at about $121,000. Institutional investors own 10.15% of the company’s stock.
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.
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