Aegon (NYSE:AEG) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Aegon NV (NYSE:AEG) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $8.32 and traded as low as $8.29. Aegon shares last traded at $8.3050, with a volume of 2,483,961 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Aegon from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 22nd. Zacks Research raised Aegon from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Weiss Ratings raised Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, October 27th. Finally, Citigroup reiterated a “buy” rating on shares of Aegon in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Aegon Trading Down 1.8%

The business has a fifty day moving average price of $8.64 and a 200 day moving average price of $8.32.

Aegon Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd were paid a $0.2455 dividend. The ex-dividend date was Thursday, September 3rd. This is a negative change from Aegon’s previous dividend of $0.2469. This represents a dividend yield of 534.0%.

Hedge Funds Weigh In On Aegon

A number of institutional investors and hedge funds have recently bought and sold shares of AEG. Bank of New York Mellon Corp grew its position in Aegon by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider’s stock worth $856,000 after acquiring an additional 1,311 shares during the last quarter. 55 North Private Wealth LLC increased its holdings in Aegon by 7.0% during the 3rd quarter. 55 North Private Wealth LLC now owns 22,457 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 1,477 shares in the last quarter. May Hill Capital LLC raised its position in Aegon by 8.4% in the 3rd quarter. May Hill Capital LLC now owns 19,211 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 1,481 shares during the last quarter. Earned Wealth Advisors LLC raised its position in Aegon by 14.6% in the 1st quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Aegon by 0.9% in the third quarter. Quadrant Capital Group LLC now owns 206,071 shares of the financial services provider’s stock worth $1,717,000 after purchasing an additional 1,794 shares in the last quarter. Institutional investors own 4.32% of the company’s stock.

Aegon Company Profile

Aegon is an international financial services company focused on insurance, retirement and investment products. Its offerings include life and protection insurance, workplace and individual retirement plans, savings products and asset management services.

The company serves customers in the United States, the United Kingdom and other international markets. In the United States, many of its products and services are offered under the Transamerica brand.

Aegon was formed in 1983 through the merger of Dutch insurers AGO and Ennia.