AEGON (AEG) Downgraded by Zacks Investment Research

Share on StockTwits

Zacks Investment Research downgraded shares of AEGON (NYSE:AEG) from a buy rating to a hold rating in a research note issued to investors on Monday.

According to Zacks, “Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. The Company’s other lines of business include property and casualty insurance and financial services. “

AEG has been the subject of several other reports. ValuEngine downgraded shares of AEGON from a hold rating to a sell rating in a report on Friday, November 23rd. ABN Amro raised shares of AEGON from a hold rating to a buy rating in a report on Monday, December 10th. Citigroup cut shares of AEGON from a neutral rating to a sell rating in a research report on Thursday, January 17th. Finally, Bank of America upgraded shares of AEGON from an underperform rating to a neutral rating and set a $5.00 target price on the stock in a research report on Wednesday, December 12th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $5.13.

NYSE:AEG opened at $5.17 on Monday. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 6.15 and a beta of 1.16. AEGON has a 52 week low of $4.42 and a 52 week high of $7.48.

Institutional investors have recently modified their holdings of the business. Wetherby Asset Management Inc. boosted its position in shares of AEGON by 9.3% in the fourth quarter. Wetherby Asset Management Inc. now owns 45,001 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 3,847 shares during the period. Stevens Capital Management LP raised its stake in AEGON by 30.8% during the fourth quarter. Stevens Capital Management LP now owns 21,905 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 5,164 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in AEGON by 18.6% during the third quarter. Rehmann Capital Advisory Group now owns 37,031 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 5,811 shares in the last quarter. LPL Financial LLC raised its stake in AEGON by 5.9% during the fourth quarter. LPL Financial LLC now owns 105,862 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 5,889 shares in the last quarter. Finally, Graves Light Private Wealth Management Inc. purchased a new stake in shares of AEGON in the fourth quarter valued at $47,000. 6.28% of the stock is owned by institutional investors and hedge funds.

AEGON Company Profile

Aegon N.V. provides life insurance, pensions, and asset management services. It offers life and protection products, such as traditional and universal life insurance products, as well as employer, endowment, term, and whole life insurance products; and supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel, and long-term care insurance products.

Featured Story: How Short Selling Works

Get a free copy of the Zacks research report on AEGON (AEG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for AEGON (NYSE:AEG)

Receive News & Ratings for AEGON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AEGON and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply