Aegon NV (NYSE:AEG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Aegon NV (NYSE:AEG) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

A number of research firms have commented on AEG. Weiss Ratings downgraded Aegon from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, March 9th. Morgan Stanley reiterated an “overweight” rating on shares of Aegon in a report on Friday, January 9th. Wall Street Zen lowered Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. UBS Group cut Aegon from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Aegon in a report on Wednesday, January 7th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Aegon

A number of institutional investors have recently modified their holdings of the business. Allworth Financial LP lifted its holdings in Aegon by 13.1% in the fourth quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 1,298 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Aegon by 8.1% during the third quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 1,494 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Aegon by 8.8% during the 4th quarter. HB Wealth Management LLC now owns 18,716 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 1,517 shares during the period. Royal Bank of Canada raised its position in shares of Aegon by 2.1% during the 1st quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 1,551 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Aegon by 4.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 40,187 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 1,655 shares during the last quarter. Institutional investors own 4.32% of the company’s stock.

Aegon Stock Performance

Shares of AEG stock opened at $6.87 on Wednesday. The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of -42.91, a PEG ratio of 0.44 and a beta of 0.78. Aegon has a one year low of $5.42 and a one year high of $8.15. The company’s 50-day simple moving average is $7.41 and its 200-day simple moving average is $7.59.

Aegon Dividend Announcement

The firm 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. This represents a dividend yield of 671.0%. The ex-dividend date is Monday, June 15th. Aegon’s dividend payout ratio (DPR) is presently -237.50%.

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.