AEGON (NYSE:AEG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, January 8th.
According to Zacks, “Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. The Company’s other lines of business include property and casualty insurance and financial services. “
A number of other equities analysts also recently commented on the company. ValuEngine downgraded AEGON from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Societe Generale cut AEGON from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Sanford C. Bernstein assumed coverage on AEGON in a report on Thursday, September 14th. They issued a “market perform” rating and a $4.60 target price on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $5.93.
AEGON (NYSE:AEG) last issued its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.24 EPS for the quarter. AEGON had a return on equity of 6.60% and a net margin of 5.64%. research analysts predict that AEGON will post 0.94 earnings per share for the current fiscal year.
AEGON announced that its Board of Directors has initiated a stock repurchase plan on Thursday, September 28th that allows the company to buyback 51,860,000 outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
A number of institutional investors and hedge funds have recently modified their holdings of AEG. Credit Suisse AG bought a new stake in AEGON during the 1st quarter valued at approximately $121,000. Bank of New York Mellon Corp raised its stake in AEGON by 8.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 208,866 shares of the financial services provider’s stock valued at $1,068,000 after purchasing an additional 16,596 shares during the period. Eagle Asset Management Inc. raised its stake in AEGON by 13.6% during the 2nd quarter. Eagle Asset Management Inc. now owns 32,935 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 3,944 shares during the period. Private Advisor Group LLC raised its stake in AEGON by 0.3% during the 2nd quarter. Private Advisor Group LLC now owns 34,398 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 88 shares during the period. Finally, Strategic Advisors LLC raised its stake in AEGON by 2.2% during the 2nd quarter. Strategic Advisors LLC now owns 46,150 shares of the financial services provider’s stock valued at $1,191,000 after purchasing an additional 1,000 shares during the period. 10.13% of the stock is currently owned by institutional investors.
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AEGON Company Profile
Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.
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