Aegon NV (NYSE:AEG) Stock Has Consensus Price Target of $10.00 According to Brokerages

Shares of Aegon NV (NYSE:AEG) have been given an average rating of “Hold” by the eight analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $10.00.

AEG has been the subject of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of Aegon in a report on Tuesday, August 18th. JPMorgan Chase & Co. downgraded Aegon from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 22nd. Zacks Research upgraded Aegon from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Weiss Ratings downgraded Aegon from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. purchased a new stake in shares of Aegon in the third quarter worth about $55,000. Private Advisor Group LLC purchased a new position in shares of Aegon in the 3rd quarter worth $283,000. Ieq Capital LLC increased its holdings in shares of Aegon by 1.6% in the 3rd quarter. Ieq Capital LLC now owns 168,862 shares of the financial services provider’s stock worth $1,457,000 after buying an additional 2,730 shares during the last quarter. Focus Advisor Solutions LLC lifted its holdings in shares of Aegon by 49.7% in the 3rd quarter. Focus Advisor Solutions LLC now owns 23,573 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 7,825 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in Aegon by 14.4% in the third quarter. Cibc World Market Inc. now owns 420,807 shares of the financial services provider’s stock worth $3,632,000 after acquiring an additional 53,001 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors.

Aegon Stock Performance

Shares of AEG opened at $8.68 on Thursday. Aegon has a fifty-two week low of $6.75 and a fifty-two week high of $9.61. The firm’s 50-day simple moving average is $8.60 and its two-hundred day simple moving average is $8.33.

Aegon Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd were given a $0.2455 dividend. The ex-dividend date was Thursday, September 3rd. This is a decrease from Aegon’s previous dividend of $0.2469. This represents a dividend yield of 534.0%.

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.