Aegon (NYSE:AEG) Stock Passes Above 200 Day Moving Average – Here’s Why

Aegon NV (NYSE:AEG) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.69 and traded as high as $8.65. Aegon shares last traded at $8.6050, with a volume of 2,962,451 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AEG shares. Weiss Ratings upgraded Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Morgan Stanley downgraded Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Wall Street Zen downgraded Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. BNP Paribas Exane started coverage on Aegon in a research note on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price target for the company. Finally, Citigroup reiterated a “buy” rating on shares of Aegon in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Aegon has an average rating of “Moderate Buy” and an average price target of $10.00.

Aegon Trading Down 0.1%

The firm has a 50 day simple moving average of $7.80 and a 200 day simple moving average of $7.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $17.26 billion, a P/E ratio of -53.78, a P/E/G ratio of 0.75 and a beta of 0.85.

Institutional Trading of Aegon

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its holdings in shares of Aegon by 8.7% in the 1st quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 1,292 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Aegon by 13.1% in the 4th quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 1,298 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Aegon by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider’s stock valued at $856,000 after acquiring an additional 1,311 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Aegon by 8.1% in the 3rd quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 1,494 shares in the last quarter. Finally, Earned Wealth Advisors LLC raised its holdings in shares of Aegon by 14.6% in the 1st 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 in the last quarter. Hedge funds and other institutional investors 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.