Aegon (NYSE:AEG) Shares Break Above 200 Day Moving Average – What’s Next?

Aegon NV (NYSE:AEG) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $8.30 and traded as high as $8.31. Aegon shares last traded at $8.3050, with a volume of 4,303,839 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered Aegon from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 22nd. Zacks Research upgraded Aegon from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research note on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aegon currently has an average rating of “Moderate Buy” and an average price target of $10.00.

Aegon Price Performance

The business has a 50-day simple moving average of $8.72 and a 200 day simple moving average of $8.30.

Aegon Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 3rd were issued a $0.2455 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a yield of 534.0%. This is a negative change from Aegon’s previous dividend of $0.2469.

Hedge Funds Weigh In On Aegon

Large investors have recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC purchased a new position in shares of Aegon in the third quarter valued at $28,000. Eastern Bank purchased a new stake in Aegon during the second quarter valued at $55,000. Sanctuary Advisors LLC purchased a new stake in Aegon during the first quarter valued at $82,000. Keebeck Wealth Management purchased a new stake in Aegon during the first quarter valued at $84,000. Finally, Earned Wealth Advisors LLC lifted its position in Aegon by 14.6% during the first quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,508 shares during the last quarter. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Company Profile

Aegon N.V. is an international financial services company that provides insurance, retirement, and investment products. Its offerings include life insurance, annuities, pensions, retirement plans, employee benefits, and asset management services for individuals, employers, and institutional clients.

Aegon conducts much of its business through the Transamerica brand in the United States, offering retirement solutions, life insurance, investment products, and workplace benefits. The company also has operations in selected European markets, including the United Kingdom, Spain, and Portugal, as well as international asset management activities.

Headquartered in The Hague, the Netherlands, Aegon was formed in 1983 through the merger of Dutch insurers AGO and Ennia, whose roots extend back more than 175 years.