Arrowpoint Investment Partners Singapore Pte. Ltd. Makes New Investment in Aegon NV $AEG

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Aegon NV (NYSE:AEG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,928,379 shares of the financial services provider’s stock, valued at approximately $15,408,000. Aegon makes up approximately 15.4% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s holdings, making the stock its biggest holding. Arrowpoint Investment Partners Singapore Pte. Ltd. owned 0.10% of Aegon at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vise Technologies Inc. lifted its stake in shares of Aegon by 32.1% in the 3rd quarter. Vise Technologies Inc. now owns 35,213 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 8,557 shares during the last quarter. Capital Fund Management S.A. lifted its position in Aegon by 74.5% in the third quarter. Capital Fund Management S.A. now owns 280,299 shares of the financial services provider’s stock worth $2,240,000 after buying an additional 119,681 shares during the last quarter. Franklin Resources Inc. increased its position in Aegon by 19.6% during the third quarter. Franklin Resources Inc. now owns 32,777 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 5,370 shares during the last quarter. Quadrant Capital Group LLC increased its position in Aegon by 2.8% during the third quarter. Quadrant Capital Group LLC now owns 205,308 shares of the financial services provider’s stock valued at $1,640,000 after acquiring an additional 5,629 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in shares of Aegon by 11.5% during the 3rd quarter. Diversify Advisory Services LLC now owns 50,185 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 5,166 shares during the period. Institutional investors own 4.32% of the company’s stock.

Aegon Stock Performance

Aegon stock opened at $6.79 on Friday. The stock has a market capitalization of $13.61 billion, a P/E ratio of -42.41, a P/E/G ratio of 0.43 and a beta of 0.78. The company’s fifty day moving average price is $7.57 and its 200 day moving average price is $7.65. Aegon NV has a 1 year low of $5.42 and a 1 year high of $8.15.

Aegon Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a $0.2469 dividend. The ex-dividend date is Monday, June 15th. This represents a dividend yield of 671.0%. Aegon’s dividend payout ratio is -237.50%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group downgraded Aegon from a “buy” rating to a “neutral” rating in a report on Wednesday, December 3rd. Wall Street Zen downgraded Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings lowered Aegon from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday. Morgan Stanley reiterated an “overweight” rating on shares of Aegon in a research report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Aegon in a report on Wednesday, January 7th. They issued a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Aegon Company Profile

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.