Barclays Boosts Aegon (NYSE:AEG) Price Target to €5.50

Aegon (NYSE:AEGGet Rating) had its price target hoisted by Barclays from €5.30 ($5.41) to €5.50 ($5.61) in a research report sent to investors on Tuesday morning, The Fly reports.

A number of other equities analysts have also issued reports on AEG. Societe Generale raised Aegon from a hold rating to a buy rating in a report on Tuesday, September 13th. Credit Suisse Group decreased their price objective on Aegon from €5.90 ($6.02) to €5.70 ($5.82) and set an outperform rating for the company in a report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft increased their price objective on Aegon from €4.70 ($4.80) to €5.00 ($5.10) and gave the stock a hold rating in a report on Friday, October 28th. Finally, StockNews.com started coverage on Aegon in a report on Wednesday, October 12th. They issued a hold rating for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $5.13.

Aegon Price Performance

Shares of AEG stock opened at $4.84 on Tuesday. Aegon has a 12-month low of $3.76 and a 12-month high of $6.22. The business has a 50 day simple moving average of $4.41 and a 200 day simple moving average of $4.57. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.09 and a quick ratio of 0.09.

Hedge Funds Weigh In On Aegon

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEG. Envestnet Asset Management Inc. boosted its stake in Aegon by 51.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 574,058 shares of the financial services provider’s stock valued at $3,037,000 after purchasing an additional 196,136 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Aegon by 218.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 40,768 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 27,947 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Aegon by 2.3% during the 1st quarter. National Bank of Canada FI now owns 118,580 shares of the financial services provider’s stock valued at $627,000 after acquiring an additional 2,632 shares during the last quarter. Private Management Group Inc. lifted its position in shares of Aegon by 0.5% during the 1st quarter. Private Management Group Inc. now owns 5,398,099 shares of the financial services provider’s stock valued at $28,556,000 after acquiring an additional 27,146 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Aegon during the 1st quarter valued at $71,000. 7.76% of the stock is owned by institutional investors.

Aegon Company Profile

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Aegon N.V. provides insurance, pensions, and asset management services in the Americas, the Netherlands, and the United Kingdom. The company offers life, accident, and health insurance; savings, pension, annuities, and mutual funds; property and casualty insurance; retirement plans and individual retirement accounts; voluntary employee benefits; and stable value solutions.

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