Aegon (NYSE:AEG) Rating Lowered to Sell at Zacks Investment Research

Aegon (NYSE:AEGGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, 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. “

A number of other equities research analysts have also recently weighed in on the company. StockNews.com cut Aegon from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Credit Suisse Group lifted their price target on Aegon from €5.60 ($6.02) to €5.80 ($6.24) in a report on Monday, May 23rd. Deutsche Bank Aktiengesellschaft cut their price target on Aegon from €5.00 ($5.38) to €4.70 ($5.05) in a report on Wednesday, March 16th. Finally, Morgan Stanley lifted their price target on Aegon from €5.30 ($5.70) to €5.40 ($5.81) and gave the company an “equal weight” rating in a report on Tuesday, April 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.38.

NYSE:AEG traded down $0.09 during mid-day trading on Wednesday, reaching $5.28. The stock had a trading volume of 560,719 shares, compared to its average volume of 5,766,403. Aegon has a 1-year low of $3.89 and a 1-year high of $6.22. The stock’s 50 day simple moving average is $5.34 and its two-hundred day simple moving average is $5.17. 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 (NYSE:AEGGet Rating) last issued its earnings results on Thursday, May 12th. The financial services provider reported $0.15 EPS 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 company had revenue of $5.29 billion during the quarter. Sell-side analysts predict that Aegon will post 0.72 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. UMB Bank N A MO acquired a new position in Aegon in the fourth quarter worth approximately $26,000. Marshall Wace LLP acquired a new position in Aegon in the fourth quarter worth approximately $40,000. Freestone Capital Holdings LLC acquired a new position in Aegon in the fourth quarter worth approximately $50,000. Fieldpoint Private Securities LLC grew its position in Aegon by 25.9% in the fourth quarter. Fieldpoint Private Securities LLC now owns 10,674 shares of the financial services provider’s stock worth $53,000 after buying an additional 2,195 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Aegon by 44.5% in the first quarter. JPMorgan Chase & Co. now owns 10,277 shares of the financial services provider’s stock worth $53,000 after buying an additional 3,167 shares during the last quarter. Hedge funds and other institutional investors own 10.36% of the company’s stock.

Aegon Company Profile (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.

Further Reading

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Analyst Recommendations for Aegon (NYSE:AEG)

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