AEGON (AEG) Rating Lowered to Hold at Zacks Investment Research

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Zacks Investment Research downgraded shares of AEGON (NYSE:AEG) from a strong-buy rating to a hold rating in a research report released on Tuesday, June 19th.

According to Zacks, “Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. The Company’s other lines of business include property and casualty insurance and financial services. “

Several other brokerages have also recently issued reports on AEG. Bank of America cut shares of AEGON from a neutral rating to an underperform rating in a research note on Friday, June 15th. ValuEngine raised shares of AEGON from a buy rating to a strong-buy rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $6.30.

AEGON traded down $0.11, hitting $5.95, during trading hours on Tuesday, according to MarketBeat Ratings. 138,871 shares of the company’s stock traded hands, compared to its average volume of 1,747,195. AEGON has a 52-week low of $4.86 and a 52-week high of $7.48. The stock has a market cap of $12.55 billion, a PE ratio of 7.04 and a beta of 1.33. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.60.

Several hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. lifted its holdings in shares of AEGON by 69.6% in the 1st quarter. Suntrust Banks Inc. now owns 215,360 shares of the financial services provider’s stock worth $1,457,000 after acquiring an additional 88,353 shares during the last quarter. CIBC World Markets Inc. acquired a new position in shares of AEGON in the 1st quarter worth approximately $6,529,000. Royal Bank of Canada lifted its holdings in shares of AEGON by 33.5% in the 1st quarter. Royal Bank of Canada now owns 598,065 shares of the financial services provider’s stock worth $4,049,000 after acquiring an additional 150,172 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of AEGON by 59.9% in the 1st quarter. Guggenheim Capital LLC now owns 343,558 shares of the financial services provider’s stock worth $2,326,000 after acquiring an additional 128,653 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of AEGON by 14.0% in the 1st quarter. LPL Financial LLC now owns 115,455 shares of the financial services provider’s stock worth $782,000 after acquiring an additional 14,147 shares during the last quarter. Hedge funds and other institutional investors own 9.09% of the company’s stock.

AEGON Company Profile

Aegon N.V. provides life insurance, pensions, and asset management services. It offers life and protection products, such as traditional and universal life insurance products, as well as employer, endowment, term, and whole life insurance products; and supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel, and long-term care insurance products.

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