Zacks Investment Research cut shares of Aegon (NYSE:AEG) from a hold rating to a sell rating in a report issued on Friday.

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 research analysts have also issued reports on the stock. Societe Generale lowered shares of Aegon from a buy rating to a hold rating in a research report on Wednesday, September 13th. TheStreet raised shares of Aegon from a c+ rating to a b rating in a research note on Friday, August 25th. 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. Finally, ValuEngine lowered shares of Aegon from a strong-buy rating to a buy rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $5.43.

Aegon (NYSE:AEG) opened at $6.18 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market cap of $12,607.20, a P/E ratio of 7.10 and a beta of 1.44. Aegon has a 12-month low of $4.73 and a 12-month high of $6.27.

Aegon declared that its board has approved a share repurchase program on Thursday, September 28th that permits the company to repurchase 51,860,000 shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in Aegon by 16.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,040,121 shares of the financial services provider’s stock worth $5,315,000 after purchasing an additional 146,640 shares during the period. CIBC World Markets Inc. boosted its stake in Aegon by 40.1% in the 2nd quarter. CIBC World Markets Inc. now owns 961,636 shares of the financial services provider’s stock worth $4,914,000 after purchasing an additional 275,244 shares during the period. Dimensional Fund Advisors LP boosted its stake in Aegon by 24.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 759,120 shares of the financial services provider’s stock worth $3,879,000 after purchasing an additional 151,183 shares during the period. Russell Investments Group Ltd. boosted its stake in Aegon by 52.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 596,194 shares of the financial services provider’s stock worth $3,047,000 after purchasing an additional 205,300 shares during the period. Finally, M&T Bank Corp boosted its stake in Aegon by 4.0% in the 2nd quarter. M&T Bank Corp now owns 419,703 shares of the financial services provider’s stock worth $2,145,000 after purchasing an additional 16,317 shares during the period. 10.15% of the stock is owned by hedge funds and other institutional investors.

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About Aegon

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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