Aegon (NYSE:AEG) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Aegon NV (NYSE:AEG) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.80 and traded as high as $8.58. Aegon shares last traded at $8.55, with a volume of 5,083,334 shares.

Analyst Ratings Changes

AEG has been the topic of a number of recent research reports. BNP Paribas Exane began coverage on shares of Aegon in a report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective on the stock. Morgan Stanley cut shares of Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Aegon has an average rating of “Hold” and an average target price of $10.00.

Aegon Stock Up 0.3%

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a 50-day moving average of $8.34 and a 200 day moving average of $7.80. The stock has a market capitalization of $16.78 billion, a price-to-earnings ratio of -52.28, a PEG ratio of 0.55 and a beta of 0.84.

Hedge Funds Weigh In On Aegon

Several hedge funds and other institutional investors have recently made changes to their positions in AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Aegon during the fourth quarter worth $33,000. Caitong International Asset Management Co. Ltd grew its position in shares of Aegon by 321.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 3,440 shares during the period. Quantessence Capital LLC acquired a new position in shares of Aegon during the 4th quarter worth about $78,000. AlphaCore Capital LLC acquired a new position in shares of Aegon during the 3rd quarter worth about $81,000. Finally, Wedmont Private Capital bought a new stake in shares of Aegon in the 4th quarter valued at about $80,000. 4.32% of the stock is owned by institutional investors.

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.