Aegon (NYSE:AEG) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Aegon NV (NYSE:AEG)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.77 and traded as high as $8.57. Aegon shares last traded at $8.5150, with a volume of 4,708,441 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently commented on AEG. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. BNP Paribas Exane began coverage on shares of Aegon in a research note on Tuesday, April 7th. They set an “outperform” rating and a $10.00 target price on the stock. Wall Street Zen lowered shares of Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Citigroup restated a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Finally, Morgan Stanley lowered shares of Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Aegon currently has an average rating of “Hold” and an average price target of $10.00.

Aegon Price Performance

The stock’s 50 day moving average is $8.27 and its two-hundred day moving average is $7.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $17.10 billion, a PE ratio of -53.28, a price-to-earnings-growth ratio of 0.56 and a beta of 0.84.

Hedge Funds Weigh In On Aegon

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 901,979 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Aegon by 306.1% in the second quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock valued at $44,667,000 after purchasing an additional 4,650,272 shares during the last quarter. UBS Group AG increased its stake in Aegon by 24.1% in the fourth quarter. UBS Group AG now owns 2,546,698 shares of the financial services provider’s stock valued at $19,635,000 after purchasing an additional 494,065 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. increased its stake in Aegon by 31.1% in the fourth quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 2,527,483 shares of the financial services provider’s stock valued at $19,487,000 after purchasing an additional 599,104 shares during the last quarter. Finally, ABC Arbitrage SA increased its stake in Aegon by 0.5% in the first quarter. ABC Arbitrage SA now owns 2,107,085 shares of the financial services provider’s stock valued at $15,297,000 after purchasing an additional 9,775 shares during the last quarter. 4.32% of the stock is currently owned by hedge funds and other 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.