Aegon (NYSE:AEG) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 2,030,000 shares, a decline of 25.6% from the March 31st total of 2,730,000 shares. Based on an average daily volume of 2,310,000 shares, the short-interest ratio is currently 0.9 days. Currently, 0.1% of the shares of the company are short sold.
Several research firms have recently weighed in on AEG. HSBC downgraded Aegon from a “buy” rating to a “hold” rating in a report on Friday, January 8th. Royal Bank of Canada reissued a “sector perform” rating on shares of Aegon in a report on Tuesday, March 9th. Morgan Stanley reissued an “equal weight” rating on shares of Aegon in a report on Tuesday, January 19th. Societe Generale upgraded Aegon from a “sell” rating to a “hold” rating in a research report on Monday, April 26th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Aegon in a research report on Wednesday, February 17th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $5.25.
NYSE AEG traded down $0.09 on Tuesday, hitting $4.56. 1,817,473 shares of the company’s stock were exchanged, compared to its average volume of 2,206,846. The firm’s 50-day moving average price is $4.69 and its two-hundred day moving average price is $4.10. Aegon has a fifty-two week low of $2.10 and a fifty-two week high of $5.11. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 4.96 and a beta of 1.37.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Aegon by 40.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,791,344 shares of the financial services provider’s stock worth $11,026,000 after acquiring an additional 807,080 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Aegon by 5.4% during the 4th quarter. Northern Trust Corp now owns 1,662,444 shares of the financial services provider’s stock worth $6,567,000 after acquiring an additional 85,129 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Aegon by 1,296.8% during the 4th quarter. Jane Street Group LLC now owns 855,908 shares of the financial services provider’s stock worth $3,381,000 after acquiring an additional 794,633 shares in the last quarter. Lorne Steinberg Wealth Management Inc. purchased a new stake in shares of Aegon during the 4th quarter worth approximately $2,080,000. Finally, Henry James International Management Inc. purchased a new stake in shares of Aegon during the 1st quarter worth approximately $852,000.
Aegon Company Profile
Aegon N.V. provides a range of financial services in the Americas, Europe, and Asia. Its insurance products include life, accident, and health insurance; property and casualty insurance; and household and car insurance, as well as pension products. The company also offers savings products, such as retirement plan services; annuities; mutual funds; and stable value solutions.
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