Aegon NV (AEG) Upgraded by Societe Generale to Buy
?March 9, 2017 ?Kevin B. Atencio
Societe Generale upgraded shares of Aegon NV (NYSE:AEG) from a hold rating to a buy rating in a research report released on Wednesday.
Several other equities analysts have also recently commented on AEG. Macquarie started coverage on Aegon NV in a research note on Tuesday, October 11th. They set an outperform rating for the company. Zacks Investment Research upgraded Aegon NV from a sell rating to a hold rating in a research note on Tuesday, October 18th. Bank of America Corporation set a $5.00 target price on Aegon NV and gave the company a hold rating in a research note on Monday, November 14th. TheStreet upgraded Aegon NV from a sell rating to a hold rating in a research note on Monday, November 21st. Finally, ING Group reiterated a hold rating on shares of Aegon NV in a research note on Thursday, December 1st. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $5.38.
Aegon NV (NYSE:AEG) traded down 1.882% during trading on Wednesday, reaching $5.475. 1,656,372 shares of the company were exchanged. The stock’s market capitalization is $11.23 billion. Aegon NV has a 52-week low of $3.36 and a 52-week high of $6.09. The firm’s 50 day moving average is $5.45 and its 200 day moving average is $4.44.
Several large investors have recently bought and sold shares of AEG. Genesee Valley Trust Co. raised its stake in Aegon NV by 4.6% in the second quarter. Genesee Valley Trust Co. now owns 59,320 shares of the company’s stock valued at $238,000 after buying an additional 2,582 shares in the last quarter. Cambiar Investors LLC raised its stake in shares of Aegon NV by 5.4% in the second quarter. Cambiar Investors LLC now owns 18,508,180 shares of the company’s stock valued at $74,218,000 after buying an additional 949,402 shares in the last quarter. BB&T Corp raised its stake in shares of Aegon NV by 24.6% in the second quarter. BB&T Corp now owns 608,780 shares of the company’s stock valued at $2,440,000 after buying an additional 120,258 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Aegon NV by 36.5% in the second quarter. Bank of New York Mellon Corp now owns 120,512 shares of the company’s stock valued at $482,000 after buying an additional 32,252 shares in the last quarter. Finally, Buckingham Asset Management LLC raised its stake in shares of Aegon NV by 8.6% in the second quarter. Buckingham Asset Management LLC now owns 27,636 shares of the company’s stock valued at $111,000 after buying an additional 2,183 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.
About Aegon NV
AEGON N.V. is a life insurance, pensions and asset management company. The Company’s segments include Americas, Europe, Asia, Asset Management, and Holding and other activities. The Americas segment covers business units in the United States, Brazil and Mexico, including any of the units’ activities located outside these countries.