Aegon (NYSE:AEG) Stock Rating Upgraded by Wall Street Zen

Aegon (NYSE:AEG) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research firms have also recently commented on AEG. Deutsche Bank Aktiengesellschaft initiated coverage on Aegon in a research report on Wednesday, January 7th. They issued a “hold” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Aegon in a report on Monday, December 29th. Zacks Research downgraded shares of Aegon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. UBS Group lowered shares of Aegon from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Aegon in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Aegon Stock Down 0.4%

NYSE:AEG opened at $7.78 on Friday. Aegon has a 52 week low of $5.42 and a 52 week high of $8.15. The stock has a market capitalization of $15.60 billion, a PE ratio of -48.59, a price-to-earnings-growth ratio of 0.22 and a beta of 0.78. The stock’s 50-day moving average price is $7.70 and its 200-day moving average price is $7.61.

Hedge Funds Weigh In On Aegon

Institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its holdings in Aegon by 104.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 21,006,803 shares of the financial services provider’s stock valued at $152,089,000 after acquiring an additional 10,732,972 shares during the last quarter. BNP Paribas Financial Markets raised its position in Aegon by 306.1% in the second quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock valued at $44,667,000 after purchasing an additional 4,650,272 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Aegon by 2,348.0% in the 2nd quarter. Acadian Asset Management LLC now owns 3,482,943 shares of the financial services provider’s stock valued at $25,200,000 after purchasing an additional 3,340,666 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Aegon by 27.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,869,198 shares of the financial services provider’s stock valued at $78,853,000 after purchasing an additional 2,127,932 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new position in shares of Aegon during the 3rd quarter worth $16,634,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.

About Aegon

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.