Aegon NV (NYSE:AEG) Receives $10.00 Consensus Target Price from Analysts

Shares of Aegon NV (NYSE:AEG) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $10.00.

A number of brokerages have issued reports on AEG. 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 price objective on the stock. Citigroup restated a “buy” rating on shares of Aegon in a research report on Monday, May 11th. Weiss Ratings upgraded shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, Morgan Stanley cut shares of Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th.

Aegon Trading Down 0.5%

Shares of NYSE:AEG opened at $8.74 on Friday. Aegon has a 12-month low of $6.75 and a 12-month high of $8.82. The business has a 50 day moving average of $8.44 and a 200-day moving average of $7.87. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.36. The stock has a market cap of $17.54 billion, a PE ratio of -54.66 and a beta of 0.85.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Blue Trust Inc. raised its position in Aegon by 8.7% during the 1st quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,292 shares during the last quarter. Allworth Financial LP increased its stake in shares of Aegon by 13.1% in the fourth quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock valued at $86,000 after buying an additional 1,298 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Aegon by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider’s stock worth $856,000 after acquiring an additional 1,311 shares during the period. Parallel Advisors LLC lifted its stake in shares of Aegon by 8.1% in the third quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 1,494 shares during the period. Finally, Earned Wealth Advisors LLC boosted its holdings in Aegon by 14.6% in the first quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 1,508 shares during the last quarter. 4.32% of the stock is currently owned by institutional investors.

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.