Analysts Set Aegon NV (NYSE:AEG) Price Target at $10.00

Aegon NV (NYSE:AEG) has received an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $10.00.

Several equities analysts have recently commented on the company. Weiss Ratings lowered Aegon from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, September 10th. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research note on Tuesday, August 18th. Finally, Zacks Research upgraded shares of Aegon from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th.

Aegon Trading Down 0.7%

Shares of NYSE AEG opened at $9.04 on Wednesday. Aegon has a twelve month low of $6.75 and a twelve month high of $9.61. The firm has a market cap of $18.15 billion, a PE ratio of -56.53 and a beta of 0.81. The business has a fifty day simple moving average of $9.20 and a two-hundred day simple moving average of $8.41. The company has a quick ratio of 0.07, a current ratio of 0.12 and a debt-to-equity ratio of 0.42.

Aegon Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.2455 dividend. This represents a dividend yield of 534.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Aegon’s dividend payout ratio is presently -256.25%.

Hedge Funds Weigh In On Aegon

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Aegon by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 11,741,711 shares of the financial services provider’s stock worth $85,233,000 after buying an additional 901,979 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. boosted its position in Aegon by 31.1% during the 4th quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 2,527,483 shares of the financial services provider’s stock valued at $19,487,000 after acquiring an additional 599,104 shares in the last quarter. ABC Arbitrage SA boosted its position in Aegon by 0.5% during the 1st quarter. ABC Arbitrage SA now owns 2,107,085 shares of the financial services provider’s stock valued at $15,297,000 after acquiring an additional 9,775 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Aegon by 42.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,735,351 shares of the financial services provider’s stock valued at $12,599,000 after acquiring an additional 520,221 shares during the period. Finally, Transmarket Holdings LP increased its holdings in shares of Aegon by 106.1% in the 1st quarter. Transmarket Holdings LP now owns 665,613 shares of the financial services provider’s stock valued at $4,832,000 after acquiring an additional 342,704 shares during the period. 4.32% of the stock is currently owned by institutional investors.

Aegon Company Profile

Aegon N.V. is an international financial services company headquartered in The Hague, the Netherlands. Through its businesses and partnerships, the company provides life insurance, pensions, retirement solutions, savings and investment products, and asset management services to individuals, employers and institutions.

Aegon serves customers primarily in the Netherlands, the United Kingdom, Spain and Portugal, with additional international investment-management and insurance activities.