Aegon NV (NYSE:AEG) Receives $10.00 Average Target Price from Analysts

Shares of Aegon NV (NYSE:AEG) have received an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $10.00.

AEG has been the subject of several recent analyst reports. Zacks Research cut Aegon from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Morgan Stanley lowered Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Weiss Ratings upgraded Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of Aegon in a research report on Monday, May 11th. Finally, BNP Paribas Exane assumed coverage on Aegon in a research note on Tuesday, April 7th. They set an “outperform” rating and a $10.00 target price for the company.

Hedge Funds Weigh In On Aegon

A number of institutional investors have recently added to or reduced their stakes in AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Aegon in the fourth quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Aegon by 321.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock worth $35,000 after buying an additional 3,440 shares in the last quarter. Eastern Bank acquired a new position in shares of Aegon during the second quarter worth $55,000. Quantessence Capital LLC bought a new position in shares of Aegon in the 4th quarter valued at $78,000. Finally, Baron Wealth Management LLC bought a new position in shares of Aegon in the 1st quarter valued at $82,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Aegon Stock Performance

NYSE AEG opened at $9.45 on Tuesday. The firm’s 50 day simple moving average is $8.69 and its 200 day simple moving average is $8.03. The firm has a market capitalization of $18.95 billion, a price-to-earnings ratio of -59.03 and a beta of 0.85. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. Aegon has a 1 year low of $6.75 and a 1 year high of $9.48.

About Aegon

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.