Aegon N.V (NYSE:AEG) Share Price May Be About to Change Direction; RBC Capital Markets Downgrades Them


Aegon N.V (NYSE:AEG) Receives a Downgrade

The old rating for Aegon N.V (NYSE:AEG) shares of a Outperform has been discontinued, as equity research analysts at RBC Capital Markets downgraded the current rating for Aegon N.V (NYSE:AEG) shares to a Sector Perform.

From a total of 1 analysts covering Aegon N.V. (NYSE:AEG) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 0% of the ratings are positive. Aegon N.V. was the topic of 3 analyst reports since August 20, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on September 24 to “Buy” rating. TheStreet downgraded AEG stock in a recent report from August 20 to “Hold” rating.

The stock increased 1.21% or $0.07 on December 9, striking $5.87. Approximately shares of stock traded hands. AEGON N.V. (ADR) (NYSE:AEG) has declined 26.07% since May 7, 2015 and is downtrending. It has underperformed by 24.14% the S&P500.

AEGON NV is a life insurance, pensions and asset management firm based in the Netherlands. The company has a market cap of $12.53 billion. The Company’s products range from life, critical illness and disability insurance, to pensions, annuities, long-term savings and investments. It currently has negative earnings. It also offers mortgages, and car, household and travel insurance in some markets.

According to Zacks Investment Research, “Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. The Company’s other lines of business include property and casualty insurance and financial services.” Get a free copy of the Zacks research report on AEGON N.V. (ADR) (AEG).