Zacks Investment Research upgraded shares of AEGON (NYSE:AEG) from a sell rating to a buy rating in a report published on Wednesday. They currently have $7.00 target price on the financial services provider’s stock.
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. ValuEngine cut shares of AEGON from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Societe Generale cut shares of AEGON from a buy rating to a hold rating in a research note on Wednesday, September 13th. Finally, Sanford C. Bernstein began coverage on shares of AEGON in a research note on Thursday, September 14th. They set a market perform rating and a $4.60 price target for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $5.80.
AEGON announced that its board has initiated a stock repurchase plan on Thursday, September 28th that authorizes the company to repurchase 51,860,000 shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Institutional investors have recently added to or reduced their stakes in the business. Tocqueville Asset Management L.P. boosted its position in AEGON by 84.1% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 20,389 shares of the financial services provider’s stock valued at $104,000 after buying an additional 9,312 shares during the period. HRT Financial LLC purchased a new stake in AEGON in the 2nd quarter valued at about $115,000. Credit Suisse AG purchased a new stake in AEGON in the 1st quarter valued at about $121,000. Campbell & CO Investment Adviser LLC boosted its position in AEGON by 124.7% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 24,632 shares of the financial services provider’s stock valued at $143,000 after buying an additional 13,672 shares during the period. Finally, Eagle Asset Management Inc. boosted its position in AEGON by 13.6% in the 2nd quarter. Eagle Asset Management Inc. now owns 32,935 shares of the financial services provider’s stock valued at $168,000 after buying an additional 3,944 shares during the period. 10.13% of the stock is owned by institutional investors.
AEGON Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about AEGON? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AEGON and related companies.