Zacks Investment Research cut shares of Aegon NV (NYSE:AEG) from a hold rating to a sell rating in a research report released on Friday, May 12th.
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. “
Aegon NV (NYSE AEG) traded up 1.00% during mid-day trading on Friday, reaching $5.03. 806,937 shares of the company were exchanged. The stock has a 50-day moving average price of $5.06 and a 200 day moving average price of $5.32. The company has a market capitalization of $10.26 billion, a PE ratio of 17.17 and a beta of 1.40. Aegon NV has a one year low of $3.36 and a one year high of $5.84.
Several large investors have recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. increased its stake in Aegon NV by 12.7% in the fourth quarter. Wetherby Asset Management Inc. now owns 30,306 shares of the financial services provider’s stock worth $168,000 after buying an additional 3,409 shares during the period. Comerica Bank boosted its position in shares of Aegon NV 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 buying an additional 19,860 shares in the last quarter. Massey Quick & Co. LLC bought a new position in shares of Aegon NV during the fourth quarter valued at $827,000. Wrapmanager Inc. boosted its position in shares of Aegon NV by 32.4% in the fourth quarter. Wrapmanager Inc. now owns 70,930 shares of the financial services provider’s stock valued at $392,000 after buying an additional 17,371 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Aegon NV during the fourth quarter valued at $2,585,000. 10.36% of the stock is owned by hedge funds and other institutional investors.
About Aegon NV
Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.
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