Traynor Capital Management Inc. Sells 3,303 Shares of Aegon NV (AEG)

Traynor Capital Management Inc. reduced its stake in Aegon NV (NYSE:AEG) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,124 shares of the financial services provider’s stock after selling 3,303 shares during the period. Traynor Capital Management Inc.’s holdings in Aegon NV were worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AEG. Harbour Capital Advisors LLC increased its position in Aegon NV by 411.0% in the second quarter. Harbour Capital Advisors LLC now owns 2,279 shares of the financial services provider’s stock valued at $446,000 after buying an additional 1,833 shares during the last quarter. Checchi Capital Advisers LLC increased its position in Aegon NV by 2.5% in the first quarter. Checchi Capital Advisers LLC now owns 19,906 shares of the financial services provider’s stock valued at $102,000 after buying an additional 482 shares during the last quarter. Buckingham Asset Management LLC increased its position in Aegon NV by 2.9% in the first quarter. Buckingham Asset Management LLC now owns 20,976 shares of the financial services provider’s stock valued at $108,000 after buying an additional 583 shares during the last quarter. FFT Wealth Management LLC increased its position in Aegon NV by 36.3% in the first quarter. FFT Wealth Management LLC now owns 22,912 shares of the financial services provider’s stock valued at $118,000 after buying an additional 6,103 shares during the last quarter. Finally, Credit Suisse AG acquired a new position in Aegon NV during the first quarter valued at $121,000. Institutional investors and hedge funds own 10.33% of the company’s stock.

Aegon NV (NYSE:AEG) traded down 2.19% on Friday, reaching $5.81. 562,478 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $5.39 and a 200 day moving average price of $5.29. Aegon NV has a 12-month low of $3.70 and a 12-month high of $6.03. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 18.68 and a beta of 1.39.

Aegon NV (NYSE:AEG) last posted its earnings results on Thursday, August 10th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.13. Aegon NV had a net margin of 2.38% and a return on equity of 6.30%. The firm had revenue of $9.24 billion during the quarter. Analysts forecast that Aegon NV will post $0.68 EPS for the current year.

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Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Aegon NV from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of Aegon NV from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, TheStreet downgraded shares of Aegon NV from a “b-” rating to a “c” rating in a research report on Thursday, May 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.63.

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.

Institutional Ownership by Quarter for Aegon NV (NYSE:AEG)

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