Arrowstreet Capital Limited Partnership grew its holdings in Aegon NV (NYSE:AEG) by 25.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,296,935 shares of the financial services provider’s stock after acquiring an additional 1,690,800 shares during the period. Arrowstreet Capital Limited Partnership owned 0.38% of Aegon NV worth $42,397,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cambiar Investors LLC raised its position in shares of Aegon NV by 3.6% during the 2nd quarter. Cambiar Investors LLC now owns 23,655,885 shares of the financial services provider’s stock valued at $120,882,000 after purchasing an additional 831,264 shares during the period. Brandes Investment Partners LP raised its position in shares of Aegon NV by 4.4% during the 2nd quarter. Brandes Investment Partners LP now owns 12,565,352 shares of the financial services provider’s stock valued at $64,209,000 after purchasing an additional 525,598 shares during the period. Bank of America Corp DE raised its position in shares of Aegon NV by 9.3% during the 1st quarter. Bank of America Corp DE now owns 7,678,817 shares of the financial services provider’s stock valued at $39,392,000 after purchasing an additional 655,791 shares during the period. Private Management Group Inc. grew its stake in Aegon NV by 1.6% during the second quarter. Private Management Group Inc. now owns 6,490,261 shares of the financial services provider’s stock valued at $33,165,000 after acquiring an additional 104,009 shares in the last quarter. Finally, Aperio Group LLC grew its stake in Aegon NV by 12.8% during the second quarter. Aperio Group LLC now owns 1,319,044 shares of the financial services provider’s stock valued at $6,740,000 after acquiring an additional 149,427 shares in the last quarter. Institutional investors and hedge funds own 10.56% of the company’s stock.
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Aegon NV (NYSE:AEG) last posted its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.13. The business had revenue of $9.24 billion for the quarter. Aegon NV had a return on equity of 6.73% and a net margin of 5.18%.
Aegon NV declared that its Board of Directors has approved a share buyback program on Thursday, September 28th that authorizes the company to buyback 51,860,000 shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Several equities analysts recently weighed in on the stock. BidaskClub cut shares of Aegon NV from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research cut shares of Aegon NV from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Sanford C. Bernstein assumed coverage on shares of Aegon NV in a research note on Thursday, September 14th. They issued a “market perform” rating and a $4.60 price objective for the company. Societe Generale cut shares of Aegon NV from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, TheStreet raised shares of Aegon NV from a “c+” rating to a “b” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.28.
Aegon NV 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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