A report that was published on Thursday stated that the recommendation that UBS Group had previously given for Aegon (NYSE: AEG) had been changed to a “buy” rating from a “neutral” rating. It was The Fly that provided us with the information.
The name AEG has been brought up in conversation more than once by other brokerages. On Thursday, October 20, Credit Suisse Group published a research note about Aegon shares. This research note included a price target reduction. Outperform was the rating given, and the price target was lowered from €5.90 ($6.34) to €5.70 ($6.13). The in-depth research report on the company’s shares was initially published on StockNews.com for the first time on Wednesday, October 12. They advised their clients to “hold” the stock moving forward. Deutsche Bank Aktiengesellschaft raised their price target on Aegon shares, moving it up from €4.70 ($5.05) to €5.00 ($5.38) and upgrading the company from a “hold” rating to a “buy” rating in a research note that was published on Friday, October 28. Barclays increased their price target for Aegon shares from €5.30 ($5.70) to €5.50 ($5.91) in a research note published on November 22. This represents an increase from the previous level of €5.30 ($5.70). Three analysts from the community that researches equities have issued a recommendation to buy the stock, five analysts have issued a recommendation to hold the stock, and two analysts have issued a recommendation to sell the stock. According to the information on Bloomberg.com, the current average rating for Aegon is “Hold,” and the price target has been established at $5.13.
When trading began on Thursday morning, the price of AEG was $5.25 per share. The simple moving average price of the company’s shares over the past 50 days is $4.92, while the average price over the last 200 days is $4.56. During the previous 52 weeks, the price per share of Aegon has ranged from a low of $3.76 to a high of $6.22. There is a current ratio of 0.09 and a quick ratio of 0.09, while the debt-to-equity ratio sits at 0.79. The ratio of current assets to current liabilities is 0.09.
Aegon (NYSE: AEG) announced the outcomes of its most recent quarterly financial report on November 10, a Thursday. The company that provides financial services reported earnings per share for the quarter of $0.10, which was $0.19 more than the consensus estimate of analysts, which was $0.29. The return on equity for Aegon was calculated to be 2.96%, and the net margin for the company was calculated to be 2.63%. The company’s revenue for the time above period was calculated to be $6.20 billion. It is anticipated by those who follow the market that Aegon will generate earnings of $0.04 per share this year.
Recently, there has been significant market activity from a variety of institutional investors, which has included the buying and selling of AEG shares. In the second quarter, Clear Street Markets LLC spent $26,000 to acquire an additional position in Aegon. During the third quarter, BNP Paribas Arbitrage SNC added $26,000 to the money already invested in Aegon shares. $38,000 was the total value of an investment in Aegon shares made by Ronald Blue Trust Inc. during the second quarter. Penserra Capital Management LLC made an additional investment of $34,000 into Aegon during the third quarter, bringing the total ownership it holds in the company to 100%. And last but not least, during the third quarter, Five Oceans Advisors started a new position in Aegon that is worth $40,000. Currently, 19.3% of the company’s shares are owned by hedge funds and other institutional investors.
Aegon N.V. is a global provider of financial services with operations in several countries across the globe, including the United Kingdom, the Netherlands, and the Americas. Insurance, pensions, and asset management are just some of the services it offers. Customers have access to various insurance options, including life, accident, and health insurance; savings, pension, annuity, and mutual fund options; property and casualty insurance; retirement plans and IRAs; optional employee benefits; and stable value solutions. The organization also provides stable-value solutions.