Aegon (NYSE:AEG) Reaches New 1-Year High – Should You Buy?

Aegon NV (NYSE:AEG)’s share price reached a new 52-week high on Monday . The stock traded as high as $9.48 and last traded at $9.4750, with a volume of 2684299 shares changing hands. The stock had previously closed at $9.44.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AEG. BNP Paribas Exane initiated coverage on Aegon in a report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective for the company. Zacks Research lowered Aegon from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Citigroup reissued a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Weiss Ratings raised shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating 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 report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

Aegon Trading Up 1.1%

The company has a market capitalization of $19.03 billion, a P/E ratio of -59.28 and a beta of 0.84. The stock’s 50 day moving average is $8.72 and its 200-day moving average is $8.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07.

Institutional Investors Weigh In On Aegon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Aegon by 8.3% during the 1st 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 in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Aegon by 306.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock worth $44,667,000 after acquiring an additional 4,650,272 shares in the last quarter. UBS Group AG lifted its position in Aegon by 24.1% during the 4th quarter. UBS Group AG now owns 2,546,698 shares of the financial services provider’s stock valued at $19,635,000 after acquiring an additional 494,065 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. lifted its position in Aegon by 31.1% during the 4th 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 acquiring an additional 599,104 shares during the period. Finally, ABC Arbitrage SA boosted its stake in Aegon by 0.5% during the first quarter. ABC Arbitrage SA now owns 2,107,085 shares of the financial services provider’s stock worth $15,297,000 after acquiring an additional 9,775 shares in the last quarter. 4.32% of the stock is 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.