AEGON (AEG) Downgraded by Zacks Investment Research

AEGON (NYSE:AEG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.

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. “

A number of other research firms have also recently commented on AEG. ABN Amro upgraded AEGON from a “hold” rating to a “buy” rating in a research report on Monday, December 10th. ValuEngine upgraded AEGON from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Bank of America upgraded AEGON from an “underperform” rating to a “neutral” rating and set a $5.00 target price on the stock in a research report on Wednesday, December 12th. Finally, Citigroup cut AEGON from a “neutral” rating to a “sell” rating in a research report on Thursday, January 17th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $5.13.

Shares of NYSE AEG traded up $0.07 during trading on Monday, reaching $5.10. 1,232,096 shares of the company traded hands, compared to its average volume of 1,171,129. The firm has a market capitalization of $13.68 billion, a P/E ratio of 6.07 and a beta of 1.16. AEGON has a 12-month low of $4.42 and a 12-month high of $7.48.

A number of hedge funds have recently bought and sold shares of AEG. Graves Light Private Wealth Management Inc. acquired a new position in shares of AEGON during the 4th quarter worth approximately $47,000. Advisor Partners LLC purchased a new stake in shares of AEGON during the 4th quarter valued at approximately $53,000. Fox Run Management L.L.C. purchased a new stake in shares of AEGON during the 3rd quarter valued at approximately $101,000. Regal Investment Advisors LLC purchased a new stake in shares of AEGON during the 3rd quarter valued at approximately $101,000. Finally, Wade G W & Inc. purchased a new stake in shares of AEGON during the 3rd quarter valued at approximately $102,000. Institutional investors own 6.28% 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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