Aegon (NYSE:AEG – Get Rating) was the recipient of a large increase in short interest in December. As of December 30th, there was short interest totalling 1,370,000 shares, an increase of 16.1% from the December 15th total of 1,180,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,330,000 shares, the days-to-cover ratio is currently 0.6 days.
Analyst Upgrades and Downgrades
A number of research analysts have commented on AEG shares. UBS Group raised Aegon from a "neutral" rating to a "buy" rating in a report on Thursday, January 12th. StockNews.com began coverage on Aegon in a report on Wednesday, October 12th. They set a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Aegon from €4.70 ($5.11) to €5.00 ($5.43) and gave the stock a "hold" rating in a report on Friday, October 28th. Barclays increased their target price on Aegon from €5.30 ($5.76) to €5.50 ($5.98) in a report on Tuesday, November 22nd. Finally, Credit Suisse Group reduced their target price on Aegon from €5.90 ($6.41) to €5.70 ($6.20) and set an "outperform" rating on the stock in a report on Thursday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Aegon presently has an average rating of "Hold" and a consensus target price of $5.13.
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Hedge Funds Weigh In On Aegon
Hedge funds have recently modified their holdings of the business. Clear Street Markets LLC acquired a new position in shares of Aegon during the second quarter worth $26,000. BNP Paribas Arbitrage SNC acquired a new position in Aegon in the third quarter valued at $26,000. Penserra Capital Management LLC acquired a new position in Aegon in the third quarter valued at $34,000. Ronald Blue Trust Inc. acquired a new position in Aegon in the second quarter valued at $38,000. Finally, Five Oceans Advisors acquired a new position in Aegon in the third quarter valued at $40,000. Institutional investors and hedge funds own 19.30% of the company's stock.
Aegon Stock Down 0.2 %
NYSE AEG traded down $0.01 during trading hours on Monday, reaching $5.39. The company's stock had a trading volume of 353,644 shares, compared to its average volume of 1,151,346. The firm has a fifty day simple moving average of $5.02 and a 200-day simple moving average of $4.61. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.79. Aegon has a 52 week low of $3.76 and a 52 week high of $6.22.
Aegon (NYSE:AEG – Get Rating) last issued its quarterly earnings results on Thursday, November 10th. The financial services provider reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.29) by $0.19. The company had revenue of $6.20 billion for the quarter. Aegon had a net margin of 2.63% and a return on equity of 2.96%. On average, equities analysts anticipate that Aegon will post -0.05 earnings per share for the current year.
About Aegon
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Aegon N.V. provides insurance, pensions, and asset management services in the Americas, the Netherlands, and the United Kingdom. The company offers life, accident, and health insurance; savings, pension, annuities, and mutual funds; property and casualty insurance; retirement plans and individual retirement accounts; voluntary employee benefits; and stable value solutions.
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