Aegon a Buy on Valuation

Aegon N.V. (AEG - Analyst Report) provides a multitude of insurance and pension-based saving and investment solutions. It is one of the world's ten largest life insurance companies ranked by assets, profits and market capitalization. Insurance services include personal and commercial life, health and accident insurance.

We are maintaining our Buy recommendation on Aegon after its third quarter results. While the current environment will be challenging for investment portfolios, we think that, at its current multiple, the stock is at a significant discount to its peers. Our six-month target price is $7.00.

The company has also further strengthened its distribution channel in Spain and is entering new growth areas such as Mexico, India and China. The company's capital position has been strengthened by the Netherlands government's recent capital injection.

Read the full analyst report on AEG