Aegon (NYSE:AEG) Stock Rating Upgraded by StockNews.com

Aegon (NYSE:AEG) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other analysts have also issued reports about the stock. Royal Bank of Canada started coverage on shares of Aegon in a research note on Wednesday, June 7th. They set an “outperform” rating for the company. HSBC raised shares of Aegon from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $5.40.

Aegon Price Performance

Shares of Aegon stock opened at $4.87 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average of $5.22 and a 200 day moving average of $4.82. Aegon has a 1 year low of $3.76 and a 1 year high of $5.68.

Hedge Funds Weigh In On Aegon

Several large investors have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its position in shares of Aegon by 8.8% during the second quarter. Orion Portfolio Solutions LLC now owns 23,849 shares of the financial services provider’s stock valued at $121,000 after buying an additional 1,927 shares during the last quarter. Clarius Group LLC raised its position in shares of Aegon by 14.8% during the first quarter. Clarius Group LLC now owns 17,766 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,296 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Aegon by 6.9% during the second quarter. Ballentine Partners LLC now owns 41,276 shares of the financial services provider’s stock valued at $209,000 after buying an additional 2,660 shares during the last quarter. Cerity Partners LLC raised its position in shares of Aegon by 7.9% during the fourth quarter. Cerity Partners LLC now owns 38,459 shares of the financial services provider’s stock valued at $194,000 after buying an additional 2,825 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Aegon by 1.8% during the fourth quarter. LPL Financial LLC now owns 160,558 shares of the financial services provider’s stock valued at $809,000 after buying an additional 2,845 shares during the last quarter. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Aegon Company Profile

Aegon N.V. provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, and mutual funds; mortgage loans; and individual retirement accounts, as well as stable value, investment management, and digital banking solutions.