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

Aegon NV (NYSE:AEG) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $10.00.

Several analysts recently commented on AEG shares. Zacks Research raised Aegon from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Citigroup reiterated a “buy” rating on shares of Aegon in a research report on Tuesday, August 18th. Finally, Weiss Ratings downgraded Aegon from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, October 9th.

Institutional Investors Weigh In On Aegon

Several hedge funds and other institutional investors have recently made changes to their positions in AEG. Mather Group LLC. bought a new position in shares of Aegon in the 3rd quarter worth approximately $106,000. Affinity Capital Advisors LLC purchased a new position in shares of Aegon in the third quarter worth approximately $86,000. Wedmont Private Capital purchased a new position in shares of Aegon in the third quarter worth approximately $89,000. QRG Capital Management Inc. grew its position in Aegon by 23.4% during the second quarter. QRG Capital Management Inc. now owns 51,507 shares of the financial services provider’s stock valued at $435,000 after buying an additional 9,763 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in Aegon during the second quarter valued at approximately $526,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Trading Up 0.3%

Shares of AEG opened at $8.27 on Friday. The firm has a fifty day simple moving average of $8.96 and a two-hundred day simple moving average of $8.63. Aegon has a 1-year low of $6.75 and a 1-year high of $9.61.

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 paid a dividend of $0.2455 per share. The ex-dividend date was Thursday, September 3rd. This represents a dividend yield of 534.0%. This is a decrease from Aegon’s previous dividend of $0.2469.

Aegon Company Profile

Aegon Ltd. (NYSE: AEG) is an international financial services company that provides insurance, retirement, and investment solutions. Its offerings include life insurance, protection products, workplace and individual retirement plans, pensions, annuities, and asset management services. The company serves individuals, employers, and institutions through a combination of direct distribution, financial professionals, and workplace programs.

Aegon’s principal operating businesses are concentrated in the United States, where it operates primarily through Transamerica, and in the United Kingdom.