Morgan Stanley Cuts Aegon (NYSE:AEG) Price Target to €5.30

Aegon (NYSE:AEGGet Rating) had its price objective cut by research analysts at Morgan Stanley from €5.40 ($5.45) to €5.30 ($5.35) in a research report issued on Tuesday, The Fly reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock.

Several other equities analysts have also commented on AEG. Exane BNP Paribas lowered shares of Aegon from a “neutral” rating to an “underperform” rating and set a €4.70 ($4.75) price objective on the stock. in a report on Tuesday, July 5th. BNP Paribas downgraded shares of Aegon from a “neutral” rating to an “underperform” rating and set a $4.70 target price on the stock. in a research note on Tuesday, July 5th. Credit Suisse Group upped their target price on shares of Aegon from €5.60 ($5.66) to €5.80 ($5.86) in a research note on Monday, May 23rd. Barclays upped their target price on shares of Aegon from €5.00 ($5.05) to €5.30 ($5.35) and gave the stock an “equal weight” rating in a research note on Tuesday, June 7th. Finally, StockNews.com downgraded shares of Aegon from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.07.

Aegon Price Performance

Shares of AEG stock opened at $4.17 on Tuesday. The firm’s 50 day moving average price is $4.75 and its 200-day moving average price is $5.12. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.07 and a current ratio of 0.07. Aegon has a one year low of $3.89 and a one year high of $6.22.

Aegon (NYSE:AEGGet Rating) last issued its quarterly earnings data on Thursday, May 12th. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.26). Aegon had a return on equity of 7.33% and a net margin of 8.08%. The company had revenue of $5.29 billion during the quarter. On average, research analysts forecast that Aegon will post 0.67 earnings per share for the current year.

Institutional Investors Weigh In On Aegon

A number of large investors have recently modified their holdings of the company. Dodge & Cox increased its position in shares of Aegon by 3.3% in the 4th quarter. Dodge & Cox now owns 115,664,156 shares of the financial services provider’s stock valued at $571,381,000 after purchasing an additional 3,657,900 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Aegon in the 1st quarter valued at $117,160,000. Private Management Group Inc. grew its position in shares of Aegon by 0.5% in the 1st quarter. Private Management Group Inc. now owns 5,398,099 shares of the financial services provider’s stock valued at $28,556,000 after buying an additional 27,146 shares during the last quarter. Raymond James & Associates grew its position in shares of Aegon by 5.5% in the 1st quarter. Raymond James & Associates now owns 4,377,350 shares of the financial services provider’s stock valued at $23,156,000 after buying an additional 228,802 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Aegon by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,811,605 shares of the financial services provider’s stock valued at $20,163,000 after buying an additional 152,011 shares during the last quarter. 10.36% of the stock is owned by hedge funds and other institutional investors.

About Aegon

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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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Analyst Recommendations for Aegon (NYSE:AEG)

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