Zacks Investment Research Upgrades AEGON (AEG) to Buy

Zacks Investment Research upgraded shares of AEGON (NYSE:AEG) from a hold rating to a buy rating in a research note published on Tuesday, January 9th. Zacks Investment Research currently has $7.25 price target 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 equities research analysts also recently weighed in on the company. Societe Generale downgraded AEGON from a buy rating to a hold rating in a research report on Wednesday, September 13th. ValuEngine downgraded AEGON from a strong-buy rating to a buy rating in a research report on Friday, December 1st. Finally, Sanford C. Bernstein started coverage on AEGON in a research report on Thursday, September 14th. They set a market perform rating and a $4.60 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $5.93.

Shares of AEGON (NYSE:AEG) traded up $0.05 during mid-day trading on Tuesday, hitting $6.86. The company had a trading volume of 5,825,563 shares, compared to its average volume of 2,494,109. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.65. AEGON has a one year low of $4.73 and a one year high of $6.91. The stock has a market capitalization of $14,590.00, a P/E ratio of 6.73 and a beta of 1.42.

AEGON (NYSE:AEG) last issued its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. AEGON had a return on equity of 6.60% and a net margin of 5.64%. sell-side analysts predict that AEGON will post 0.94 earnings per share for the current fiscal year.

AEGON announced that its board has authorized a share buyback plan on Thursday, September 28th that permits the company to buyback 51,860,000 outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC increased its holdings in shares of AEGON by 124.7% in the third quarter. Campbell & CO Investment Adviser LLC now owns 24,632 shares of the financial services provider’s stock worth $143,000 after buying an additional 13,672 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of AEGON in the third quarter worth about $182,000. Eagle Asset Management Inc. increased its holdings in shares of AEGON by 13.6% in the second quarter. Eagle Asset Management Inc. now owns 32,935 shares of the financial services provider’s stock worth $168,000 after buying an additional 3,944 shares during the period. Private Advisor Group LLC increased its holdings in shares of AEGON 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 buying an additional 88 shares during the period. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of AEGON in the third quarter worth about $266,000. Institutional investors and hedge funds own 10.13% of the company’s stock.

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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.

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