Aegon (NYSE:AEG) Downgraded by Zacks Investment Research

Aegon (NYSE:AEGGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

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. “

AEG has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Aegon from €5.00 ($5.32) to €4.70 ($5.00) in a research note on Wednesday, March 16th. StockNews.com cut shares of Aegon from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Morgan Stanley lifted their price objective on shares of Aegon from €5.30 ($5.64) to €5.40 ($5.74) and gave the company an “equal weight” rating in a research note on Tuesday, April 5th. Credit Suisse Group lifted their price objective on shares of Aegon from €5.60 ($5.96) to €5.80 ($6.17) in a research note on Monday. Finally, UBS Group reduced their price objective on shares of Aegon from €5.10 ($5.43) to €5.00 ($5.32) and set a “neutral” rating on the stock in a research note on Wednesday, January 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aegon has a consensus rating of “Hold” and a consensus price target of $5.38.

Shares of NYSE AEG traded up $0.07 during midday trading on Thursday, reaching $5.41. The company’s stock had a trading volume of 942,056 shares, compared to its average volume of 5,306,208. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.49. Aegon has a fifty-two week low of $3.89 and a fifty-two week high of $6.22. The business’s 50 day moving average price is $5.30 and its two-hundred day moving average price is $5.15.

Aegon (NYSE:AEGGet Rating) last released its quarterly earnings results on Thursday, May 12th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.26). Aegon had a net margin of 8.08% and a return on equity of 7.33%. The business had revenue of $5.29 billion during the quarter. On average, equities research analysts expect that Aegon will post 0.86 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in shares of Aegon by 1.4% during the first quarter. Royal Bank of Canada now owns 235,052 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 3,313 shares during the period. Eaton Vance Management raised its holdings in shares of Aegon by 150.5% during the first quarter. Eaton Vance Management now owns 44,183 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 26,543 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Aegon by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,811,605 shares of the financial services provider’s stock valued at $20,163,000 after purchasing an additional 152,011 shares during the period. Brinker Capital Investments LLC boosted its stake in Aegon by 41.4% during the 1st quarter. Brinker Capital Investments LLC now owns 15,442 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 4,519 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Aegon during the first quarter valued at approximately $117,160,000. Institutional investors and hedge funds own 10.36% of the company’s stock.

About Aegon (Get Rating)

Aegon N.V. provides insurance, pensions, and asset management services in the Americas, the Netherlands, and the United Kingdom. The company offers life, accident, and health insurance; savings, pension, annuities, and mutual funds; property and casualty insurance; retirement plans and individual retirement accounts; voluntary employee benefits; and stable value solutions.

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