Aegon NV (NYSE:AEG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Aegon NV (NYSE:AEG) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company.

AEG has been the topic of a number of research reports. Morgan Stanley reissued an “overweight” rating on shares of Aegon in a report on Friday, January 9th. UBS Group downgraded shares of Aegon from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 3rd. Weiss Ratings upgraded shares of Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, February 23rd. Wall Street Zen cut shares of Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Aegon in a report on Wednesday, January 7th. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Aegon

A number of hedge funds have recently made changes to their positions in AEG. Allworth Financial LP boosted its holdings in Aegon by 13.1% in the fourth quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 1,298 shares during the last quarter. Parallel Advisors LLC raised its holdings in Aegon by 8.1% during the 3rd quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 1,494 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Aegon by 8.8% in the 4th quarter. HB Wealth Management LLC now owns 18,716 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 1,517 shares during the period. Royal Bank of Canada lifted its position in shares of Aegon by 2.1% in the 1st quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 1,551 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Aegon by 4.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 40,187 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 1,655 shares during the last quarter. 4.32% of the stock is currently owned by institutional investors.

Aegon Stock Down 0.4%

Shares of AEG stock traded down $0.03 during mid-day trading on Friday, reaching $7.05. 5,557,466 shares of the stock traded hands, compared to its average volume of 5,847,672. The company has a market cap of $14.14 billion, a price-to-earnings ratio of -44.06, a price-to-earnings-growth ratio of 0.19 and a beta of 0.78. The stock’s fifty day simple moving average is $7.65 and its two-hundred day simple moving average is $7.67. Aegon has a 1-year low of $5.42 and a 1-year high of $8.15.

Aegon Announces Dividend

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

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.