Aegon NV (NYSE:AEG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Aegon NV (NYSE:AEG) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Aegon in a report on Wednesday, January 7th. They set a “hold” rating on the stock. Morgan Stanley restated an “overweight” rating on shares of Aegon in a report on Friday, January 9th. UBS Group downgraded Aegon from a “buy” rating to a “neutral” rating in a report on Wednesday, December 3rd. Weiss Ratings raised Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Finally, Wall Street Zen lowered Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st.

Aegon Trading Down 2.3%

NYSE AEG opened at $7.50 on Friday. Aegon has a 1 year low of $5.42 and a 1 year high of $8.15. The company has a market cap of $15.04 billion, a PE ratio of -46.84, a PEG ratio of 0.21 and a beta of 0.79. The stock’s 50-day moving average price is $7.70 and its two-hundred day moving average price is $7.68.

Aegon Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a dividend of $0.2469 per share. This represents a dividend yield of 671.0%. The ex-dividend date is Monday, June 15th. Aegon’s dividend payout ratio (DPR) is currently -237.50%.

Institutional Investors Weigh In On Aegon

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Aegon during the 4th quarter valued at $33,000. CWM LLC boosted its position in Aegon by 87.2% during the third quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 2,687 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Aegon by 299.5% in the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 5,555 shares in the last quarter. Independence Bank of Kentucky acquired a new position in Aegon in the 3rd quarter worth about $64,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in Aegon in the 2nd quarter worth about $74,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

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.