Aegon NV (NYSE:AEG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Aegon NV (NYSE:AEG) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several brokerages recently weighed in on AEG. Citigroup reissued a “buy” rating on shares of Aegon in a research note on Tuesday, August 18th. Morgan Stanley lowered shares of Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. Zacks Research raised shares of Aegon from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Weiss Ratings raised shares of Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday.

Aegon Stock Performance

Aegon stock opened at $9.19 on Friday. Aegon has a fifty-two week low of $6.75 and a fifty-two week high of $9.61. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of -57.44 and a beta of 0.84. The stock has a fifty day moving average of $9.04 and a two-hundred day moving average of $8.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.12.

Aegon Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.2455 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a dividend yield of 544.0%. Aegon’s payout ratio is currently -256.25%.

Hedge Funds Weigh In On Aegon

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Aegon in the 4th quarter valued at about $33,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Aegon by 321.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 3,440 shares during the period. Eastern Bank acquired a new stake in shares of Aegon in the second quarter worth approximately $55,000. Quantessence Capital LLC purchased a new stake in Aegon in the fourth quarter valued at approximately $78,000. Finally, Baron Wealth Management LLC purchased a new stake in shares of Aegon during the 1st quarter valued at $82,000. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

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.