JP Morgan Downgrades AEGON N.V. (ADR) to Neutral

Brokerage firm JP Morgan Downgrades its rating on AEGON N.V. (ADR)(NYSE:AEG). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by JP Morgan was issued on Jun 28, 2016.

AEGON N.V. (ADR) (AEG) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.25% at a volume of 31,72,921. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.02. The peak price level was also seen at $4.02 while the days lowest was $3.96. Finally the shares closed at $4. The 52-week high of the shares is $7.93 while the 52-week low is $3.91. According to the latest information available, the market cap of the company is $10,704 M.

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. The Company’s segments include: the Americas which includes the United States Mexico and Brazil; the Netherlands; the United Kingdom and New Markets which includes a number of countries in Central & Eastern Europe and Asia in addition to Spain France Variable Annuities Europe and Aegon Asset Management.

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