Morgan Stanley Adjusts Aegon (AEG) PT to €6.90, Cites Q1 Financial Results, Strong Business Momentum.

Aegon Ltd. (NYSE:AEG) is one of the best large cap penny stocks to buy under $10. On July 23, Morgan Stanley analyst Hadley Cohen lowered the firm’s price target on Aegon to €6.90 from €7.00, while keeping an Overweight rating on the shares. Prior to this announcement, the company had already announced its Q1 2025 financial results.

In this quarter, Aegon’s operating capital generation/OC before holding funding and operating expenses increased by 4% to €267 million. This growth was attributed to business expansion, though it was partially offset by unfavorable mortality experience in the US. As of March 31, Aegon’s cash capital at Holding was €1.6 billion.

Morgan Stanley Adjusts Aegon (AEG) PT to €6.90, Cites Q1 Financial Results, Strong Business Momentum.

Insurance house, car and family health live concept. The insurance agent presents the toys that symbolize the coverage.

Despite an uncertain macroeconomic environment, Aegon expects to meet its financial targets for 2025. Aegon experienced strong commercial momentum in several areas, including its US Strategic Assets Individual Life and World Financial Group/WFG, as well as its UK Workplace platform and International segments. Asset management third-party net flows also remained positive.

Aegon Ltd. (NYSE:AEG) provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the UK, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.