US: Aegon NV Upgraded by Goldman Sachs to Buy But Will Investors Do In Today’s Trading?

Aegon NV (NYSE:AEG), which provides life insurance, pensions and asset management products and services in the US, Europe and Asia, is upgraded by Goldman Sachs to “Buy” from “Neutral”, according to the research report released to the investors. The company has a market cap of $12,174 million and the number of outstanding shares have been calculated to be 2,147,037,000 shares. The 52-week high of Aegon NV (NYSE:AEG) is $8.4033 and the 52-week low is $5.76.

Whether the upgrade will trigger investors’ interest in Ageon NV in today’s trading session will be known when the market opens but Aegon NV (NYSE:AEG)’s stock closed lower on Wednesday to $5.64, hitting nearly its 52-week low of $5.60. Aegon NV posted its 52-week high of $8.48 on September 25, 2014 but has since then dropped to below $7 a piece. A total of 900,711 shares exchanged hands last Wednesday. Its premarket trading, Aegon NV (NYSE:AEG)’s stock dropped further by 0.44% to $5.61 a piece.

A total of 900,711 shares exchanged hands last Wednesday. Its premarket trading, Aegon NV (NYSE:AEG)’s stock dropped further by 0.44% to $5.61 a piece.

Institutional Investors own 8.1% of Company shares. During last 3 month period, 2.29% of total institutional ownership has changed in the company shares. For hedge fund investors, most of the funds that hold stakes in Aegon NV trimmed their holdings in the second quarter of this year. Peter Rathjens, Bruce Clarke And John Campbell’s Arrowstreet Capital leads all other hedge fund investors to hold stake in Aegon NV, with 3.87 million shares valued at $28.64 million. However, Arrowstreet Capital trimmed its holding by 17%. David Dreman’s Dreman Value Management holds the second highest shares in Aegon NV with 547,951 shares valued at $4.05 million, followed by Israel Englander’s Millenium Management, with 325,191 shares. – BusinessNewsAsia.com

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