Aegon (NYSE:AEG) Upgraded by Zacks Research to "Hold" Rating

Key Points

• Zacks Research upgraded Aegon from “strong sell” to “hold,” while analyst sentiment overall remains a “Moderate Buy” with a consensus price target of $10.00.
• Aegon shares opened at $9.22, near their 12-month high of $9.61, with the stock up 0.1% and trading above both its 50-day and 200-day moving averages.
• Institutional ownership stands at 4.32%, with several investors increasing their positions, including Dimensional Fund Advisors, UBS Group and Quantinno Capital Management.

Aegon (NYSE:AEG - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other analysts have also recently weighed in on the company. Weiss Ratings upgraded Aegon from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday. Morgan Stanley lowered shares of Aegon from an "overweight" rating to an "equal weight" rating in a report on Friday, May 15th. Finally, Citigroup reiterated a "buy" rating on shares of Aegon in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Aegon presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

Aegon Trading Up 0.1%

Shares of AEG stock opened at $9.22 on Tuesday. Aegon has a twelve month low of $6.75 and a twelve month high of $9.61. The stock's fifty day simple moving average is $9.01 and its 200 day simple moving average is $8.24. The company has a quick ratio of 0.07, a current ratio of 0.12 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $18.50 billion, a P/E ratio of -57.62 and a beta of 0.84.

Institutional Trading of Aegon

Several institutional investors have recently added to or reduced their stakes in the stock. Transmarket Holdings LP boosted its stake in shares of Aegon by 106.1% in the 1st quarter. Transmarket Holdings LP now owns 665,613 shares of the financial services provider's stock valued at $4,832,000 after purchasing an additional 342,704 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Aegon by 3,848.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 512,025 shares of the financial services provider's stock worth $3,948,000 after buying an additional 499,058 shares during the last quarter. UBS Group AG raised its stake in Aegon by 24.1% during the fourth quarter. UBS Group AG now owns 2,546,698 shares of the financial services provider's stock worth $19,635,000 after buying an additional 494,065 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Aegon by 42.8% in the first quarter. Quantinno Capital Management LP now owns 1,735,351 shares of the financial services provider's stock valued at $12,599,000 after buying an additional 520,221 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Aegon by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 11,741,711 shares of the financial services provider's stock valued at $85,233,000 after buying an additional 901,979 shares during the period. 4.32% of the stock is currently owned by institutional investors.

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.

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