Shares of Aegon NV (NYSE:AEG - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $8.10 and last traded at $8.03, with a volume of 11262264 shares changing hands. The stock had previously closed at $7.46.
Analysts Set New Price Targets
AEG has been the subject of a number of recent research reports. Wall Street Zen cut shares of Aegon from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. BNP Paribas raised Aegon from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 7th. BNP Paribas Exane raised shares of Aegon from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 7th. Finally, Berenberg Bank upgraded Aegon to a "strong-buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy".
Check Out Our Latest Analysis on AEG
Aegon Trading Up 7.6%
The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $16.10 billion, a PE ratio of 8.36, a P/E/G ratio of 0.29 and a beta of 0.94. The business has a fifty day moving average price of $7.15 and a 200 day moving average price of $6.75.
Aegon declared that its board has approved a stock buyback plan on Friday, May 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
Institutional Investors Weigh In On Aegon
Several large investors have recently made changes to their positions in the business. LPL Financial LLC lifted its holdings in shares of Aegon by 4.4% during the 4th quarter. LPL Financial LLC now owns 72,000 shares of the financial services provider's stock valued at $424,000 after acquiring an additional 3,039 shares in the last quarter. JPMorgan Chase & Co. raised its position in Aegon by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 71,189 shares of the financial services provider's stock valued at $419,000 after purchasing an additional 30,296 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Aegon by 3.0% during the fourth quarter. Russell Investments Group Ltd. now owns 76,168 shares of the financial services provider's stock worth $449,000 after purchasing an additional 2,241 shares in the last quarter. Barclays PLC purchased a new stake in shares of Aegon in the fourth quarter worth about $236,000. Finally, NewEdge Advisors LLC increased its holdings in Aegon by 1,136.2% during the 4th quarter. NewEdge Advisors LLC now owns 4,846 shares of the financial services provider's stock worth $29,000 after purchasing an additional 4,454 shares during the last quarter. Institutional investors and hedge funds own 4.32% of the company's stock.
About Aegon
(
Get Free Report)
Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the United States, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, mutual funds, and stable value solutions; residential mortgage and digital baking services; and retail and institutional investment management solutions and retirement savings vehicles and strategies.
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