Aegon (NYSE:AEG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Aegon (NYSE:AEG) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other equities analysts have also weighed in on AEG. UBS Group lowered shares of Aegon from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 3rd. Morgan Stanley reissued an “overweight” rating on shares of Aegon in a report on Friday, January 9th. Zacks Research cut Aegon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Aegon in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Aegon in a report on Wednesday, January 7th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Aegon Trading Up 0.8%

Shares of AEG opened at $7.86 on Friday. The business’s 50 day moving average is $7.71 and its 200 day moving average is $7.63. Aegon has a 12-month low of $5.42 and a 12-month high of $8.15. The company has a market capitalization of $15.76 billion, a PE ratio of -49.09, a price-to-earnings-growth ratio of 0.22 and a beta of 0.79.

Hedge Funds Weigh In On Aegon

Large investors have recently modified their holdings of the stock. CWM LLC lifted its position in Aegon by 87.2% in the third quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock worth $46,000 after buying an additional 2,687 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Aegon by 299.5% in the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 5,555 shares during the period. Independence Bank of Kentucky purchased a new stake in shares of Aegon in the third quarter valued at $64,000. Earned Wealth Advisors LLC bought a new stake in shares of Aegon in the 2nd quarter worth about $74,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of Aegon during the 2nd quarter worth about $74,000. Institutional investors own 4.32% of the company’s stock.

Key Aegon News

Here are the key news stories impacting Aegon this week:

• Neutral Sentiment: Yahoo Finance ran an analysis asking whether Aegon’s current pricing (ENXTAM:AGN reference) properly reflects its repositioning as a Netherlands?focused insurer — the piece flags valuation vs. peers and suggests investors watch capital strategy, regulatory positioning and any proceeds/uses from disposals or run?offs. This is the most directly relevant item for shareholders. Read More.
• Neutral Sentiment: A large cluster of entertainment outlets have published pieces about the HBO series “A Knight of the Seven Kingdoms,” focusing on the character Egg (Aegon). These stories (Variety, IGN, MSN, Polygon, Dexerto, ComicBook, Mashable, etc.) drive headlines that incidentally mention “Aegon,” but they do not relate to Aegon N.V.’s fundamentals. Investors should treat this as noise rather than company news. Representative coverage: Read More., Read More., Read More., Read More.

Aegon Company Profile

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.