Russell Investments Group Ltd. Acquires New Holdings in Aegon (NYSE:AEG)

Russell Investments Group Ltd. acquired a new stake in shares of Aegon (NYSE:AEGGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 122,947 shares of the financial services provider’s stock, valued at approximately $538,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Aegon by 44.5% during the first quarter. JPMorgan Chase & Co. now owns 10,277 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 3,167 shares during the period. Baker Tilly Wealth Management LLC bought a new position in Aegon in the second quarter worth approximately $47,000. Moreno Evelyn V bought a new position in Aegon in the first quarter worth approximately $62,000. Fox Run Management L.L.C. bought a new position in Aegon in the first quarter worth approximately $71,000. Finally, Brinker Capital Investments LLC raised its position in Aegon by 41.4% in the first quarter. Brinker Capital Investments LLC now owns 15,442 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 4,519 shares during the period. Institutional investors own 7.76% of the company’s stock.

Aegon Trading Up 4.7 %

Shares of NYSE:AEG opened at $4.68 on Monday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.61. Aegon has a 12 month low of $3.76 and a 12 month high of $6.22. The company has a 50-day moving average price of $4.34 and a 200 day moving average price of $4.61.

Aegon (NYSE:AEGGet Rating) last announced its quarterly earnings results on Thursday, August 11th. The financial services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.09). Aegon had a net margin of 2.98% and a return on equity of 2.94%. The business had revenue of $6.59 billion during the quarter. As a group, research analysts expect that Aegon will post -0.14 EPS for the current fiscal year.

Aegon Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, August 24th were paid a $0.096 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a yield of 3.5%. This is an increase from Aegon’s previous semi-annual dividend of $0.09.

Analyst Upgrades and Downgrades

AEG has been the topic of several recent research reports. Morgan Stanley decreased their price target on shares of Aegon from €5.40 ($5.40) to €5.30 ($5.30) and set an “equal weight” rating on the stock in a research report on Tuesday, July 19th. Credit Suisse Group decreased their price target on shares of Aegon from €5.90 ($5.90) to €5.70 ($5.70) and set an “outperform” rating on the stock in a research report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Aegon from €4.70 ($4.70) to €5.00 ($5.00) and gave the company a “hold” rating in a research report on Friday, October 28th. StockNews.com started coverage on shares of Aegon in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Societe Generale upgraded shares of Aegon from a “hold” rating to a “buy” rating in a research report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.10.

Aegon Profile

(Get Rating)

Aegon N.V. provides insurance, pensions, and asset management services in the Americas, the Netherlands, and the United Kingdom. The company offers life, accident, and health insurance; savings, pension, annuities, and mutual funds; property and casualty insurance; retirement plans and individual retirement accounts; voluntary employee benefits; and stable value solutions.

See Also

Institutional Ownership by Quarter for Aegon (NYSE:AEG)

Receive News & Ratings for Aegon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegon and related companies with MarketBeat.com's FREE daily email newsletter.