AEGON (AEG) Stake Raised by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in AEGON (NYSE:AEG) by 64.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,532 shares of the financial services provider’s stock after buying an additional 45,879 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AEGON were worth $750,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in shares of AEGON in the 3rd quarter worth approximately $101,000. Regal Investment Advisors LLC purchased a new position in shares of AEGON in the 3rd quarter valued at approximately $101,000. Wade G W & Inc. purchased a new position in shares of AEGON in the 3rd quarter valued at approximately $102,000. 180 Wealth Advisors LLC purchased a new position in shares of AEGON in the 2nd quarter valued at approximately $136,000. Finally, Verition Fund Management LLC purchased a new position in shares of AEGON in the 2nd quarter valued at approximately $146,000. Hedge funds and other institutional investors own 8.44% of the company’s stock.

A number of research firms have recently commented on AEG. Bank of America upgraded AEGON from an “underperform” rating to a “neutral” rating and set a $5.00 target price for the company in a research note on Wednesday. ValuEngine cut AEGON from a “hold” rating to a “sell” rating in a research note on Friday, November 23rd. Finally, ABN Amro upgraded AEGON from a “hold” rating to a “buy” rating in a research note on Monday, December 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.88.

AEG opened at $4.75 on Friday. The company has a market capitalization of $9.69 billion, a PE ratio of 5.65 and a beta of 1.08. AEGON has a 52 week low of $4.74 and a 52 week high of $7.48.

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AEGON Company Profile

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.

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Institutional Ownership by Quarter for AEGON (NYSE:AEG)

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