Aegon NV (NYSE:AEG) Given Consensus Rating of “Moderate Buy” by Analysts

Aegon NV (NYSE:AEG) has been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company.

AEG has been the subject of a number of analyst reports. UBS Group downgraded shares of Aegon from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Aegon in a report on Wednesday, January 7th. They set a “hold” rating for the company. Morgan Stanley restated an “overweight” rating on shares of Aegon in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Aegon in a research report on Monday, December 29th. Finally, Zacks Research lowered Aegon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th.

Aegon Trading Down 1.9%

NYSE:AEG opened at $7.67 on Tuesday. The stock has a market capitalization of $15.38 billion, a PE ratio of -47.91, a P/E/G ratio of 0.22 and a beta of 0.79. Aegon has a 1-year low of $5.42 and a 1-year high of $8.15. The firm has a fifty day simple moving average of $7.71 and a 200 day simple moving average of $7.63.

Institutional Trading of Aegon

Hedge funds have recently modified their holdings of the stock. Abacus Wealth Partners LLC bought a new stake in shares of Aegon during the 4th quarter worth about $843,000. AlphaCore Capital LLC lifted its position in Aegon by 19.8% during the fourth quarter. AlphaCore Capital LLC now owns 12,213 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 2,022 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Aegon by 13.1% during the fourth quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 1,298 shares during the period. Argos Wealth Advisors LLC bought a new stake in shares of Aegon during the fourth quarter worth approximately $96,000. Finally, ABC Arbitrage SA increased its stake in shares of Aegon by 0.7% during the fourth quarter. ABC Arbitrage SA now owns 2,097,310 shares of the financial services provider’s stock worth $16,170,000 after purchasing an additional 15,442 shares during the period. Institutional investors and hedge funds own 4.32% of the company’s stock.

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.