Aegon NV (NYSE:AEG) Stock Has Average Target Price of $10.00 According to Analysts

Shares of Aegon NV (NYSE:AEG) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.00.

Several brokerages have weighed in on AEG. Weiss Ratings lowered shares of Aegon from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Citigroup reiterated a “buy” rating on shares of Aegon in a research report on Tuesday, August 18th. Finally, Zacks Research upgraded shares of Aegon from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th.

Hedge Funds Weigh In On Aegon

Several hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in Aegon by 321.2% during the fourth 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 last quarter. Eastern Bank purchased a new stake in shares of Aegon in the second quarter valued at about $55,000. Angeles Wealth Management LLC acquired a new stake in shares of Aegon in the second quarter valued at approximately $87,000. Affinity Capital Advisors LLC acquired a new stake in shares of Aegon in the third quarter valued at approximately $86,000. Finally, Wedmont Private Capital purchased a new position in shares of Aegon during the 3rd quarter worth approximately $89,000. 4.32% of the stock is owned by hedge funds and other institutional investors.

Aegon Trading Up 0.4%

Shares of NYSE AEG opened at $8.34 on Friday. Aegon has a 52 week low of $6.75 and a 52 week high of $9.61. The firm has a 50-day moving average price of $9.01 and a 200 day moving average price of $8.61.

Aegon Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 3rd were issued a $0.2455 dividend. The ex-dividend date was Thursday, September 3rd. This represents a dividend yield of 534.0%. This is a decrease from Aegon’s previous dividend of $0.2469.

About Aegon

Aegon Ltd. (NYSE: AEG) is an international financial services company that provides insurance, retirement, and investment solutions. Its offerings include life insurance, protection products, workplace and individual retirement plans, pensions, annuities, and asset management services. The company serves individuals, employers, and institutions through a combination of direct distribution, financial professionals, and workplace programs.

Aegon’s principal operating businesses are concentrated in the United States, where it operates primarily through Transamerica, and in the United Kingdom.