Aegon NV (NYSE:AEG) Sees Large Decrease in Short Interest

Aegon NV (NYSE:AEG) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 2,435,274 shares, a decline of 20.9% from the March 31st total of 3,077,130 shares. Based on an average daily volume of 6,206,596 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BNP Paribas Exane assumed coverage on shares of Aegon in a research note on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective for the company. Wall Street Zen downgraded Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on Aegon in a research report on Wednesday, January 7th. They set a “hold” rating for the company. Weiss Ratings lowered Aegon from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, March 9th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Aegon in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Hedge Funds Weigh In On Aegon

Several institutional investors and hedge funds have recently bought and sold shares of AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Aegon in the fourth quarter valued at $33,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Aegon by 321.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 3,440 shares during the period. CWM LLC increased its holdings in Aegon by 87.2% in the 3rd quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 2,687 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Aegon by 299.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 5,555 shares during the last quarter. Finally, Quantessence Capital LLC bought a new stake in Aegon in the 4th quarter valued at about $78,000. 4.32% of the stock is owned by institutional investors.

Aegon Stock Performance

Shares of AEG stock opened at $8.22 on Friday. The firm has a market cap of $16.48 billion, a price-to-earnings ratio of -51.34, a P/E/G ratio of 0.87 and a beta of 0.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.07 and a current ratio of 0.07. Aegon has a 52 week low of $6.53 and a 52 week high of $8.31. The firm’s 50-day simple moving average is $7.45 and its two-hundred day simple moving average is $7.59.

Aegon Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a $0.2469 dividend. This represents a dividend yield of 671.0%. The ex-dividend date of this dividend is Monday, June 15th. Aegon’s payout ratio is -237.50%.

About Aegon

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.