Aegon (NYSE:AEG) Sets New 1-Year High – What’s Next?

Aegon NV (NYSE:AEG)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $9.23 and last traded at $9.23, with a volume of 413258 shares changing hands. The stock had previously closed at $9.13.

Analysts Set New Price Targets

Several equities research analysts have commented on AEG shares. BNP Paribas Exane initiated coverage on shares of Aegon in a research note on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price target on the stock. Morgan Stanley lowered Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th. Weiss Ratings upgraded Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, Citigroup reissued a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Three equities research 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, the stock currently has an average rating of “Hold” and an average price target of $10.00.

Aegon Trading Up 0.9%

The business’s 50 day moving average price is $8.62 and its two-hundred day moving average price is $7.98. The company has a market capitalization of $18.49 billion, a price-to-earnings ratio of -57.59 and a beta of 0.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.07 and a current ratio of 0.07.

Institutional Trading of Aegon

Several institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in Aegon by 3,848.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 512,025 shares of the financial services provider’s stock worth $3,948,000 after acquiring an additional 499,058 shares in the last quarter. Transmarket Holdings LP boosted its position in shares of Aegon by 106.1% during the 1st quarter. Transmarket Holdings LP now owns 665,613 shares of the financial services provider’s stock valued at $4,832,000 after purchasing an additional 342,704 shares in the last quarter. UBS Group AG grew its stake in shares of Aegon by 24.1% in the 4th quarter. UBS Group AG now owns 2,546,698 shares of the financial services provider’s stock worth $19,635,000 after purchasing an additional 494,065 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Aegon by 33.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 408,724 shares of the financial services provider’s stock worth $3,151,000 after purchasing an additional 103,586 shares during the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. raised its holdings in shares of Aegon by 31.1% in the 4th quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 2,527,483 shares of the financial services provider’s stock worth $19,487,000 after purchasing an additional 599,104 shares in the last quarter. Institutional investors and hedge funds own 4.32% of the company’s stock.

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.