AEGON (AEG) Shares Gap Down to $6.37

Shares of AEGON (NYSE:AEG) gapped down prior to trading on Thursday . The stock had previously closed at $6.50, but opened at $6.37. AEGON shares last traded at $6.09, with a volume of 2050787 shares traded.

A number of research firms have recently weighed in on AEG. Zacks Investment Research raised shares of AEGON from a “sell” rating to a “buy” rating and set a $6.75 target price on the stock in a research report on Monday, July 16th. Evercore ISI began coverage on shares of AEGON in a research report on Tuesday, July 10th. They issued an “underperform” rating on the stock. Bank of America downgraded shares of AEGON from a “neutral” rating to an “underperform” rating in a research report on Friday, June 15th. Finally, HSBC raised shares of AEGON from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. AEGON currently has a consensus rating of “Hold” and a consensus target price of $6.75.

The stock has a market capitalization of $13.12 billion, a price-to-earnings ratio of 7.30 and a beta of 1.22.

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its position in AEGON by 8.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 103,246 shares of the financial services provider’s stock valued at $611,000 after purchasing an additional 8,134 shares during the last quarter. Atria Investments LLC boosted its holdings in shares of AEGON by 31.3% during the 2nd quarter. Atria Investments LLC now owns 42,776 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 10,201 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of AEGON by 85.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 24,587 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 11,329 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of AEGON by 14.0% during the 1st quarter. LPL Financial LLC now owns 115,455 shares of the financial services provider’s stock valued at $782,000 after acquiring an additional 14,147 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of AEGON during the 3rd quarter valued at about $101,000. 8.84% of the stock is currently owned by institutional investors.

AEGON Company Profile (NYSE:AEG)

Aegon N.V. provides life insurance, pensions, and asset management services. It offers life and protection products, such as traditional and universal life insurance products, as well as employer, endowment, term, and whole life insurance products; and supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel, and long-term care insurance products.

Further Reading: Diversification

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