Entropy Technologies LP Boosts Stock Position in Aegon NV $AEG

Entropy Technologies LP boosted its holdings in shares of Aegon NV (NYSE:AEG) by 119.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,001 shares of the financial services provider’s stock after purchasing an additional 77,400 shares during the quarter. Entropy Technologies LP’s holdings in Aegon were worth $1,031,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Aegon in the fourth quarter valued at $33,000. Caitong International Asset Management Co. Ltd grew its holdings in Aegon by 321.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 3,440 shares in the last quarter. Quantessence Capital LLC acquired a new position in Aegon during the 4th quarter worth $78,000. Baron Wealth Management LLC bought a new stake in shares of Aegon in the 1st quarter worth about $82,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Aegon in the 1st quarter worth about $82,000. 4.32% of the stock is owned by institutional investors and hedge funds.

Aegon Stock Performance

Shares of AEG opened at $9.18 on Wednesday. The stock has a market capitalization of $18.41 billion, a PE ratio of -57.34 and a beta of 0.85. The business’s fifty day moving average price is $8.65 and its 200 day moving average price is $8.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07. Aegon NV has a 12-month low of $6.75 and a 12-month high of $9.23.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AEG shares. BNP Paribas Exane assumed coverage on shares of Aegon in a research note on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 target price on the stock. Morgan Stanley downgraded Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Finally, Citigroup restated a “buy” rating on shares of Aegon in a research note on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.00.

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.