The Aegon NV (AEG) Downgraded by Societe Generale

The Aegon NV (AEG) Downgraded by Societe Generale

Aegon NV (NYSE:AEG) was downgraded by equities researchers at Societe Generale from a “buy” rating to a “hold” rating in a research report issued on Wednesday, The Fly reports.

Several other brokerages have also commented on AEG. Zacks Investment Research raised shares of Aegon NV from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. Macquarie started coverage on shares of Aegon NV in a research note on Tuesday. They issued an “outperform” rating for the company. Barclays PLC downgraded shares of Aegon NV from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 29th. JPMorgan Chase & Co. downgraded shares of Aegon NV from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, TheStreet downgraded shares of Aegon NV from a “hold” rating to a “sell” rating in a research note on Friday, August 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.50.

Shares of Aegon NV (NYSE:AEG) traded up 2.93% during trading on Wednesday, reaching $4.21. 2,822,630 shares of the company traded hands. The stock’s market capitalization is $8.64 billion. The firm’s 50-day moving average is $3.96 and its 200-day moving average is $4.56. Aegon NV has a 12-month low of $3.36 and a 12-month high of $6.38.

The company also recently disclosed a dividend, which was paid on Friday, September 16th. Investors of record on Monday, August 22nd were paid a dividend of $0.124 per share. The ex-dividend date was Thursday, August 18th. Aegon NV’s dividend payout ratio is currently -125.00%.

A number of institutional investors have recently modified their holdings of AEG. Dodge & Cox boosted its position in shares of Aegon NV by 3.0% in the second quarter. Dodge & Cox now owns 110,757,413 shares of the company’s stock valued at $444,137,000 after buying an additional 3,256,888 shares in the last quarter. Cambiar Investors LLC boosted its position in shares of Aegon NV by 5.4% in the second quarter. Cambiar Investors LLC now owns 18,508,180 shares of the company’s stock valued at $74,218,000 after buying an additional 949,402 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of Aegon NV by 18.7% in the second quarter. Brandes Investment Partners LP now owns 11,761,239 shares of the company’s stock valued at $47,163,000 after buying an additional 1,856,104 shares in the last quarter. Private Management Group Inc. boosted its position in shares of Aegon NV by 2.6% in the second quarter. Private Management Group Inc. now owns 5,960,249 shares of the company’s stock valued at $23,901,000 after buying an additional 150,010 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Aegon NV by 6.6% in the first quarter. Franklin Resources Inc. now owns 1,591,261 shares of the company’s stock valued at $8,752,000 after buying an additional 98,871 shares in the last quarter. 6.81% of the stock is owned by institutional investors.

About Aegon NV

AEGON NV is a life insurance, pensions and asset management company based in the Netherlands. The Company’s products range from life, critical illness and disability insurance, to pensions, annuities, long-term savings and investments. It also offers mortgages, and car, household and travel insurance in some markets.

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