Aegon (NYSE:AEG) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Aegon (NYSE:AEG) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

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

Aegon Price Performance

Shares of NYSE:AEG opened at $7.71 on Friday. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of -48.16, a P/E/G ratio of 0.21 and a beta of 0.78. The company has a 50 day moving average of $7.68 and a 200-day moving average of $7.59. Aegon has a one year low of $5.42 and a one year high of $8.15.

Institutional Trading of Aegon

Several hedge funds have recently bought and sold shares of the stock. Bingham Private Wealth LLC bought a new position in Aegon in the fourth quarter valued at approximately $87,000. Lester Murray Antman dba SimplyRich raised its holdings in shares of Aegon by 124.5% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 111,086 shares of the financial services provider’s stock worth $856,000 after acquiring an additional 61,604 shares during the period. Cambiar Investors LLC bought a new stake in Aegon in the 4th quarter valued at $490,000. Ritholtz Wealth Management lifted its position in Aegon by 26.6% in the 4th quarter. Ritholtz Wealth Management now owns 62,487 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 13,136 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in Aegon by 8.9% in the 4th quarter. Diversify Advisory Services LLC now owns 54,647 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 4,462 shares during the period. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Aegon Company Profile

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.