Aegon NV (NYSE:AEG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Aegon NV (NYSE:AEG) have been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $10.00.

Several analysts have issued reports on the company. Weiss Ratings lowered Aegon from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, September 10th. Zacks Research upgraded shares of Aegon from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Citigroup reaffirmed a “buy” rating on shares of Aegon in a research note on Tuesday, August 18th.

Aegon Price Performance

AEG opened at $9.04 on Wednesday. The company has a current ratio of 0.12, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $18.15 billion, a P/E ratio of -56.53 and a beta of 0.81. The stock has a 50-day moving average price of $9.20 and a 200-day moving average price of $8.42. Aegon has a 12-month low of $6.75 and a 12-month high of $9.61.

Aegon Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a $0.2455 dividend. This represents a yield of 534.0%. The ex-dividend date is Thursday, September 3rd. Aegon’s dividend payout ratio (DPR) is presently -256.25%.

Institutional Trading of Aegon

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in shares of Aegon by 8.7% during the first quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,292 shares during the period. Allworth Financial LP increased its holdings in Aegon by 13.1% during the 4th quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,298 shares during the period. Bank of New York Mellon Corp increased its holdings in Aegon by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider’s stock valued at $856,000 after purchasing an additional 1,311 shares during the period. Earned Wealth Advisors LLC raised its position in Aegon by 14.6% during the 1st quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,508 shares during the last quarter. Finally, AlphaCore Capital LLC raised its position in Aegon by 19.8% during the 4th quarter. AlphaCore Capital LLC now owns 12,213 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 2,022 shares during the last quarter. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

About Aegon

Aegon N.V. is an international financial services company headquartered in The Hague, the Netherlands. Through its businesses and partnerships, the company provides life insurance, pensions, retirement solutions, savings and investment products, and asset management services to individuals, employers and institutions.

Aegon serves customers primarily in the Netherlands, the United Kingdom, Spain and Portugal, with additional international investment-management and insurance activities.