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Aegon (NYSE:AEG) Upgraded at Zacks Research

Aegon logo with Finance background

Key Points

  • Aegon has been upgraded from a "hold" to a "strong-buy" rating by Zacks Research, indicating increased confidence from analysts in the company's stock.
  • Following the upgrade by Zacks Research, Wall Street Zen has also raised its rating for Aegon to "strong-buy," reflecting a consensus enthusiasm among analysts.
  • Aegon shares are currently valued at approximately $7.99, with a market capitalization of $16.03 billion and a one-year price range between $5.42 and $8.15.
  • Interested in Aegon? Here are five stocks we like better.

Aegon (NYSE:AEG - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded Aegon from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

Get Our Latest Stock Report on AEG

Aegon Price Performance

Shares of Aegon stock opened at $7.99 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.06 and a quick ratio of 0.06. Aegon has a one year low of $5.42 and a one year high of $8.15. The stock has a market capitalization of $16.03 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 0.25 and a beta of 0.99. The business's 50 day simple moving average is $7.59 and its two-hundred day simple moving average is $7.03.

Institutional Trading of Aegon

Institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. grew its holdings in Aegon by 526.8% during the 1st quarter. Bessemer Group Inc. now owns 4,325 shares of the financial services provider's stock valued at $29,000 after buying an additional 3,635 shares in the last quarter. SVB Wealth LLC purchased a new position in Aegon during the 1st quarter valued at approximately $42,000. Deutsche Bank AG purchased a new position in Aegon during the 1st quarter valued at approximately $61,000. Advisor Resource Council purchased a new position in Aegon during the 1st quarter valued at approximately $66,000. Finally, Bailard Inc. purchased a new position in Aegon during the 1st quarter valued at approximately $68,000. Hedge funds and other institutional investors 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.

Further Reading

Analyst Recommendations for Aegon (NYSE:AEG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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