Aegon (NYSE:AEG) Rating Lowered to Sell at StockNews.com

Aegon (NYSE:AEG – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Bank of America initiated coverage on shares of Aegon in a research report on Tuesday, April 4th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Aegon presently has a consensus rating of “Hold” and a consensus price target of $5.15.

Aegon Stock Down 1.5 %

AEG stock opened at $4.49 on Friday. The firm’s fifty day simple moving average is $4.42 and its 200-day simple moving average is $4.85. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.45. Aegon has a 12 month low of $3.76 and a 12 month high of $5.68.

Institutional Investors Weigh In On Aegon

Several institutional investors and hedge funds have recently made changes to their positions in AEG. Wellington Management Group LLP bought a new position in Aegon during the first quarter worth $117,160,000. Brandes Investment Partners LP grew its holdings in Aegon by 774.0% during the first quarter. Brandes Investment Partners LP now owns 1,351,339 shares of the financial services provider’s stock worth $5,811,000 after acquiring an additional 1,196,721 shares during the period. BlackRock Inc. grew its holdings in Aegon by 14.5% during the third quarter. BlackRock Inc. now owns 5,503,613 shares of the financial services provider’s stock worth $21,794,000 after acquiring an additional 697,389 shares during the period. Renaissance Technologies LLC acquired a new position in Aegon during the fourth quarter worth about $3,002,000. Finally, Dimensional Fund Advisors LP grew its holdings in Aegon by 14.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,612,641 shares of the financial services provider’s stock worth $23,248,000 after acquiring an additional 576,088 shares during the period. 19.30% of the stock is currently owned by hedge funds and other institutional investors.

Aegon Company Profile

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Aegon NV is an international financial services company, which engages in the provision of investment, protection, and retirement solutions. It operates through the following segments: Americas, The Netherlands, United Kingdom, International, Asset Management, and Holding and Other Activities. The Americas segment covers business units in the United States and Brazil, including any of the units’ activities located outside these countries.