Aegon NV (NYSE:AEG) Receives Average Rating of “Moderate Buy” from Analysts

Aegon NV (NYSE:AEG) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $10.00.

A number of research analysts have issued reports on the stock. BNP Paribas Exane assumed coverage on shares of Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 target price on the stock. Weiss Ratings upgraded shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday. Wall Street Zen downgraded shares of Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Citigroup restated a “buy” rating on shares of Aegon in a research report on Monday.

Aegon Stock Performance

Aegon stock opened at $8.43 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. Aegon has a 1 year low of $6.64 and a 1 year high of $8.48. The company has a market cap of $16.90 billion, a PE ratio of -52.66, a PEG ratio of 0.88 and a beta of 0.85. The company’s 50-day moving average is $7.57 and its two-hundred day moving average is $7.63.

Aegon Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be given a dividend of $0.2469 per share. The ex-dividend date is Monday, June 15th. This represents a yield of 671.0%. Aegon’s dividend payout ratio is presently -237.50%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Aegon in the 4th quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd raised its position in shares of Aegon by 321.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 3,440 shares during the period. CWM LLC raised its position in shares of Aegon by 87.2% in the 3rd quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 2,687 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Aegon by 299.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 5,555 shares during the period. Finally, Quantessence Capital LLC acquired a new stake in shares of Aegon in the 4th quarter valued at approximately $78,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Aegon Company Profile

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.