Weiss Ratings Reaffirms Buy (B+) Rating for Aegon (NYSE:AEG)

Key Points

• Weiss Ratings has reaffirmed a Buy (B+) rating for Aegon (NYSE: AEG), indicating positive analyst sentiment surrounding the stock.
• Aegon stock has recently experienced volatility, currently trading at $7.77, down 0.8%, with a market capitalization of $15.58 billion.
• Institutional investors have shown increased interest in Aegon, with several funds significantly raising their positions during the 2nd quarter.

Aegon (NYSE:AEG - Get Free Report)'s stock had its "buy (b+)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other research analysts have also weighed in on the stock. Wall Street Zen raised shares of Aegon from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Zacks Research raised shares of Aegon from a "hold" rating to a "strong-buy" rating in a report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, Aegon currently has a consensus rating of "Buy".

Aegon Trading Down 0.8%

AEG stock traded down $0.07 during mid-day trading on Wednesday, hitting $7.77. 2,874,423 shares of the company were exchanged, compared to its average volume of 8,051,100. The company has a market capitalization of $15.58 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 0.25 and a beta of 0.97. Aegon has a twelve month low of $5.42 and a twelve month high of $8.15. The firm has a fifty day simple moving average of $7.65 and a 200 day simple moving average of $7.07.

Institutional Trading of Aegon

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FORA Capital LLC raised its position in shares of Aegon by 64.1% during the 2nd quarter. FORA Capital LLC now owns 102,389 shares of the financial services provider's stock worth $741,000 after buying an additional 39,985 shares in the last quarter. Vident Advisory LLC raised its position in shares of Aegon by 4.2% during the 2nd quarter. Vident Advisory LLC now owns 286,689 shares of the financial services provider's stock worth $2,076,000 after buying an additional 11,467 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Aegon during the 2nd quarter worth about $883,000. Engineers Gate Manager LP bought a new stake in shares of Aegon during the 2nd quarter worth about $247,000. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Aegon by 16.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 810,442 shares of the financial services provider's stock worth $5,868,000 after purchasing an additional 115,334 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors.

About Aegon

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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