ABC Arbitrage SA Buys Shares of 2,081,868 Aegon NV $AEG

ABC Arbitrage SA acquired a new stake in Aegon NV (NYSE:AEG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,081,868 shares of the financial services provider’s stock, valued at approximately $16,634,000. Aegon accounts for about 1.6% of ABC Arbitrage SA’s holdings, making the stock its 21st largest position. ABC Arbitrage SA owned approximately 0.10% of Aegon at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its position in Aegon by 104.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 21,006,803 shares of the financial services provider’s stock valued at $152,089,000 after purchasing an additional 10,732,972 shares during the period. BNP Paribas Financial Markets lifted its stake in Aegon by 306.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock worth $44,667,000 after acquiring an additional 4,650,272 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Aegon by 2,348.0% during the 2nd quarter. Acadian Asset Management LLC now owns 3,482,943 shares of the financial services provider’s stock valued at $25,200,000 after acquiring an additional 3,340,666 shares during the period. JPMorgan Chase & Co. boosted its holdings in Aegon by 1,073.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,623,496 shares of the financial services provider’s stock valued at $11,754,000 after acquiring an additional 1,485,135 shares during the period. Finally, Marshall Wace LLP acquired a new position in Aegon in the 2nd quarter valued at about $8,022,000. Institutional investors and hedge funds own 4.32% of the company’s stock.

Aegon Trading Down 1.1%

AEG stock opened at $7.83 on Wednesday. The company has a market capitalization of $15.71 billion, a P/E ratio of -48.94, a PEG ratio of 0.22 and a beta of 0.79. The business has a 50 day simple moving average of $7.71 and a 200-day simple moving average of $7.65. Aegon NV has a twelve month low of $5.42 and a twelve month high of $8.15.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of Aegon in a research note on Friday, January 9th. UBS Group lowered Aegon from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Aegon in a research report on Wednesday, January 7th. They set a “hold” rating for the company. Zacks Research cut shares of Aegon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen upgraded shares of Aegon from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Aegon 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.