Aegon (NYSE:AEG – Get Rating) had its price objective reduced by equities researchers at Morgan Stanley from €5.40 ($5.45) to €5.30 ($5.35) in a research note issued on Tuesday, The Fly reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock.
Several other research firms also recently weighed in on AEG. StockNews.com downgraded shares of Aegon from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Credit Suisse Group lifted their price target on shares of Aegon from €5.60 ($5.66) to €5.80 ($5.86) in a report on Monday, May 23rd. Barclays raised their target price on shares of Aegon from €5.00 ($5.05) to €5.30 ($5.35) and gave the stock an “equal weight” rating in a research report on Tuesday, June 7th. BNP Paribas cut shares of Aegon from a “neutral” rating to an “underperform” rating and set a $4.70 target price on the stock. in a research report on Tuesday, July 5th. Finally, Exane BNP Paribas cut shares of Aegon from a “neutral” rating to an “underperform” rating and set a €4.70 ($4.75) target price on the stock. in a research report on Tuesday, July 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.07.
Aegon Trading Up 2.7 %
Shares of Aegon stock traded up $0.11 during trading hours on Tuesday, hitting $4.24. The company had a trading volume of 322,272 shares, compared to its average volume of 3,432,703. The company’s 50-day moving average is $4.78 and its two-hundred day moving average is $5.13. Aegon has a twelve month low of $3.89 and a twelve month high of $6.22. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.49.
Aegon (NYSE:AEG – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.26). Aegon had a return on equity of 7.33% and a net margin of 8.08%. The business had revenue of $5.29 billion for the quarter. Sell-side analysts anticipate that Aegon will post 0.67 EPS for the current year.
Institutional Trading of Aegon
Hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank N A MO bought a new stake in shares of Aegon in the fourth quarter worth $26,000. Freestone Capital Holdings LLC bought a new stake in Aegon during the fourth quarter valued at $50,000. Fieldpoint Private Securities LLC increased its stake in Aegon by 25.9% during the fourth quarter. Fieldpoint Private Securities LLC now owns 10,674 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 2,195 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Aegon by 44.5% during the first quarter. JPMorgan Chase & Co. now owns 10,277 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 3,167 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in Aegon by 476.2% during the fourth quarter. Bessemer Group Inc. now owns 10,873 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 8,986 shares during the last quarter. Institutional investors own 10.36% of the company’s stock.
Aegon Company Profile
Aegon N.V. provides insurance, pensions, and asset management services in the Americas, the Netherlands, and the United Kingdom. The company offers life, accident, and health insurance; savings, pension, annuities, and mutual funds; property and casualty insurance; retirement plans and individual retirement accounts; voluntary employee benefits; and stable value solutions.