Aegon (NYSE:AEG) Shares Gap Down – Here’s What Happened

by · The Markets Daily

Aegon NV (NYSE:AEG – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $7.89, but opened at $7.21. Aegon shares last traded at $7.1150, with a volume of 4,193,390 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Aegon in a report on Wednesday, October 8th. UBS Group downgraded shares of Aegon from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 3rd. Zacks Research lowered shares of Aegon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen upgraded Aegon from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Get Our Latest Research Report on Aegon

Aegon Stock Up 0.6%

The stock has a market capitalization of $14.88 billion, a PE ratio of -28.52, a price-to-earnings-growth ratio of 0.19 and a beta of 0.79. The stock has a fifty day moving average of $7.65 and a 200-day moving average of $7.46.

Hedge Funds Weigh In On Aegon

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SVB Wealth LLC acquired a new stake in Aegon in the first quarter valued at approximately $42,000. CWM LLC increased its position in shares of Aegon by 87.2% in the 3rd quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 2,687 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Aegon by 299.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 5,555 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Aegon during the 1st quarter worth $61,000. Finally, Independence Bank of Kentucky acquired a new position in shares of Aegon during the third quarter worth $64,000. 4.32% of the stock is owned by institutional investors and hedge funds.

Aegon Company Profile

(Get Free Report)

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the United States, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, mutual funds, and stable value solutions; residential mortgage and digital baking services; and retail and institutional investment management solutions and retirement savings vehicles and strategies.

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