Mainstay Capital Management LLC ADV Takes Position in Aegon NV $AEG

Mainstay Capital Management LLC ADV purchased a new position in shares of Aegon NV (NYSE:AEG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 260,042 shares of the financial services provider’s stock, valued at approximately $2,078,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its position in Aegon by 87.2% in the third 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 last quarter. Parkside Financial Bank & Trust raised its stake in Aegon by 299.5% during the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 5,555 shares in the last quarter. Independence Bank of Kentucky bought a new position in shares of Aegon in the third quarter worth about $64,000. AlphaCore Capital LLC bought a new position in shares of Aegon in the third quarter worth about $81,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Aegon by 731.6% in the 3rd quarter. Global Retirement Partners LLC now owns 10,711 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 9,423 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors.

Aegon Price Performance

Aegon stock opened at $6.96 on Thursday. The business has a 50 day moving average of $7.52 and a 200-day moving average of $7.63. Aegon NV has a 1 year low of $5.42 and a 1 year high of $8.15. The company has a market capitalization of $13.96 billion, a P/E ratio of -43.49, a P/E/G ratio of 0.44 and a beta of 0.78.

Aegon Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on AEG. Weiss Ratings lowered shares of Aegon from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, March 9th. Wall Street Zen lowered shares of Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of Aegon in a research note on Wednesday, January 7th. They set a “hold” rating on the stock. UBS Group downgraded shares of Aegon from a “buy” rating to a “neutral” rating in a report on Wednesday, December 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Aegon in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Aegon presently has a consensus rating of “Moderate Buy”.

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.