AEGON (AEG) Upgraded to “Market Perform” by Keefe, Bruyette & Woods
Posted by ABMN Staff on May 28th, 2019 // No Comments
AEGON logoAEGON (NYSE:AEG) was upgraded by equities research analysts at Keefe, Bruyette & Woods from an “underperform” rating to a “market perform” rating in a note issued to investors on Tuesday, The Fly reports.
Other equities analysts have also issued research reports about the stock. ING Group upgraded shares of AEGON from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. CL King upgraded shares of AEGON from a “neutral” rating to a “buy” rating in a report on Tuesday, May 21st. Zacks Investment Research upgraded shares of AEGON from a “sell” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Monday, May 6th. Finally, ValuEngine upgraded shares of AEGON from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. AEGON has a consensus rating of “Hold” and an average target price of $5.38.
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Shares of NYSE:AEG opened at $4.67 on Tuesday. The firm has a market cap of $12.52 billion, a PE ratio of 5.19 and a beta of 1.17. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.60. AEGON has a 52 week low of $4.42 and a 52 week high of $6.81.
Hedge funds have recently added to or reduced their stakes in the stock. Brandes Investment Partners LP lifted its holdings in AEGON by 5.3% in the first quarter. Brandes Investment Partners LP now owns 12,039,754 shares of the financial services provider’s stock valued at $61,764,000 after buying an additional 609,480 shares during the period. Comerica Bank increased its stake in AEGON by 15.2% in the fourth quarter. Comerica Bank now owns 150,183 shares of the financial services provider’s stock valued at $829,000 after purchasing an additional 19,860 shares in the last quarter. Dodge & Cox bought a new stake in AEGON in the fourth quarter valued at $600,457,000. Highland Capital Management LLC increased its stake in AEGON by 13.7% in the fourth quarter. Highland Capital Management LLC now owns 79,018 shares of the financial services provider’s stock valued at $448,000 after purchasing an additional 9,515 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in AEGON by 72.9% in the first quarter. Fifth Third Bancorp now owns 111,771 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 47,122 shares in the last quarter. Institutional investors and hedge funds own 6.07% of the company’s stock.
AEGON Company Profile
Aegon N.V. provides insurance, pensions, and asset management services worldwide. It offers life, accident, and health insurance; property and casualty insurance; home and car insurance; individual investment accounts; annuities; retirement plan services; stable value solutions; retail and institutional investment management solutions; savings products; group pensions; mortgage loans; and bank accounts.