Concorde Asset Management LLC Takes Position in AEGON (AEG)

Concorde Asset Management LLC acquired a new stake in AEGON (NYSE:AEG) during the first quarter, Holdings Channel reports. The firm acquired 28,271 shares of the financial services provider’s stock, valued at approximately $145,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEG. Rehmann Capital Advisory Group raised its position in AEGON by 75.2% in the third quarter. Rehmann Capital Advisory Group now owns 39,773 shares of the financial services provider’s stock valued at $154,000 after buying an additional 17,073 shares during the last quarter. PNC Financial Services Group Inc. raised its position in AEGON by 7.7% in the third quarter. PNC Financial Services Group Inc. now owns 78,393 shares of the financial services provider’s stock valued at $302,000 after buying an additional 5,583 shares during the last quarter. Sei Investments Co. raised its position in AEGON by 6.4% in the third quarter. Sei Investments Co. now owns 693,860 shares of the financial services provider’s stock valued at $2,679,000 after buying an additional 42,040 shares during the last quarter. JPMorgan Chase & Co. raised its position in AEGON by 126.2% in the third quarter. JPMorgan Chase & Co. now owns 451,766 shares of the financial services provider’s stock valued at $1,744,000 after buying an additional 252,036 shares during the last quarter. Finally, Ngam Advisors L.P. raised its position in AEGON by 100.0% in the third quarter. Ngam Advisors L.P. now owns 247,764 shares of the financial services provider’s stock valued at $956,000 after buying an additional 123,877 shares during the last quarter. 9.46% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for AEGON (NYSE:AEG)

AEGON (NYSE:AEG) traded up 0.81% on Friday, reaching $4.96. 1,994,804 shares of the company traded hands. The firm has a 50 day moving average of $5.31 and a 200-day moving average of $5.15. AEGON has a one year low of $3.36 and a one year high of $6.09. The stock has a market capitalization of $10.12 billion, a PE ratio of 31.59 and a beta of 1.51.

AEGON (NYSE:AEG) last issued its earnings results on Friday, February 17th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. AEGON had a return on equity of 5.87% and a net margin of 1.78%. The company had revenue of $9.34 billion for the quarter. On average, analysts anticipate that AEGON will post $0.68 EPS for the current year.

The company also recently announced a semiannual dividend, which will be paid on Friday, June 23rd. Investors of record on Wednesday, May 24th will be issued a $0.1379 dividend. This represents a dividend yield of 5.03%. The ex-dividend date is Tuesday, May 23rd. AEGON’s dividend payout ratio is currently 89.29%.

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Several research analysts recently weighed in on AEG shares. Societe Generale raised shares of AEGON from a “hold” rating to a “buy” rating in a research note on Wednesday, January 11th. TheStreet raised shares of AEGON from a “c+” rating to a “b-” rating in a research note on Wednesday, January 11th. Finally, Zacks Investment Research lowered shares of AEGON from a “hold” rating to a “sell” rating in a research note on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. AEGON presently has a consensus rating of “Hold” and a consensus price target of $5.38.

AEGON Company Profile

Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.

5 Day Chart for NYSE:AEG

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