Aegon NV (AEG) Given Average Rating of “Hold” by Analysts

Aegon NV (NYSE:AEG) has earned a consensus rating of “Hold” from the eight analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $4.80.

A number of analysts recently commented on AEG shares. TheStreet raised Aegon NV from a “c+” rating to a “b” rating in a research note on Friday, August 25th. Societe Generale lowered Aegon NV from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Sanford C. Bernstein started coverage on Aegon NV in a research note on Thursday, September 14th. They issued a “market perform” rating and a $4.60 price target for the company. Zacks Investment Research raised Aegon NV from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a research note on Thursday, August 3rd. Finally, BidaskClub raised Aegon NV from a “sell” rating to a “hold” rating in a research note on Friday, July 7th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC raised its holdings in Aegon NV by 0.3% in the second quarter. Private Advisor Group LLC now owns 34,398 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 88 shares in the last quarter. Concorde Asset Management LLC raised its holdings in Aegon NV by 1.5% in the second quarter. Concorde Asset Management LLC now owns 28,709 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 438 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in Aegon NV by 4.2% in the second quarter. Checchi Capital Advisers LLC now owns 20,744 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 838 shares in the last quarter. Strategic Advisors LLC raised its holdings in Aegon NV by 2.2% in the second quarter. Strategic Advisors LLC now owns 46,150 shares of the financial services provider’s stock worth $1,191,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Highland Capital Management LLC raised its holdings in Aegon NV by 1.3% in the second quarter. Highland Capital Management LLC now owns 84,538 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 1,120 shares in the last quarter. Institutional investors and hedge funds own 10.56% of the company’s stock.

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Aegon NV (NYSE AEG) traded down 0.34% on Wednesday, reaching $5.83. 1,136,817 shares of the company’s stock traded hands. The firm has a market cap of $11.92 billion, a PE ratio of 6.83 and a beta of 1.35. Aegon NV has a 12 month low of $4.22 and a 12 month high of $6.13. The firm’s 50-day moving average is $5.78 and its 200 day moving average is $5.42.

Aegon NV (NYSE:AEG) last released its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.13. The firm had revenue of $9.24 billion during the quarter. Aegon NV had a return on equity of 6.73% and a net margin of 5.18%. Equities analysts predict that Aegon NV will post $0.68 EPS for the current year.

Aegon NV declared that its board has initiated a share repurchase program on Thursday, September 28th that permits the company to repurchase 51,860,000 shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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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