Aegon (NYSE:AEG) Now Covered by BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of Aegon (NYSE:AEG) in a report issued on Tuesday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $10.00 target price on the financial services provider’s stock.

A number of other equities analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Aegon from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Morgan Stanley reissued an “overweight” rating on shares of Aegon in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Aegon in a report on Wednesday, January 7th. They issued a “hold” rating on the stock. Finally, Weiss Ratings downgraded shares of Aegon from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Aegon Stock Performance

AEG stock opened at $7.48 on Tuesday. The company has a market cap of $15.00 billion, a P/E ratio of -46.72, a price-to-earnings-growth ratio of 0.47 and a beta of 0.79. Aegon has a 1 year low of $5.43 and a 1 year high of $8.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.06. The stock’s fifty day moving average price is $7.36 and its 200-day moving average price is $7.57.

Aegon Announces Dividend

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

Hedge Funds Weigh In On Aegon

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its position in shares of Aegon by 321.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 3,440 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Aegon in the fourth quarter valued at about $106,000. Mackenzie Financial Corp purchased a new position in shares of Aegon in the fourth quarter valued at about $174,000. XTX Topco Ltd purchased a new position in shares of Aegon in the fourth quarter valued at about $3,372,000. Finally, Quantessence Capital LLC purchased a new position in shares of Aegon in the fourth quarter worth $78,000. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

About Aegon

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.