 Looking into the current session, Aegon Inc. NYSE: AEG shares are trading at 3.11, after a 8.93 increase. Moreover, over the past month, the stock increased by 16.92, but in the past year, decreased by 36.01. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently above from its 52 week low by 72.78. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Diversified Insurance stocks, and capitalize on the lower share price observed over the year.The PE ratio is used by long-term shareholders to assess the companys market performance against aggregate market data, historical earnings, and the industry at large. A lower PE indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Depending on the particular phase of a business cycle, some industries will perform better than others.Compared to the aggregate PE ratio of the 141.34 in the Diversified Insurance industry, Aegon Inc. has a lower PE ratio of 4.57. Shareholders might be inclined to think that they might perform worse than its industry peers. Its also possible that the stock is undervalued.Price to earnings ratio is not always a great indicator of the companys performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga 15 Financial Services Stocks Moving In Tuesdays Pre-Market Session 13 Financial Services Stocks Moving In Fridays Pre-Market Session 11 Financial Services Stocks Moving In Fridays Pre-Market SessionC 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 