Aegon NV (AEG) Sees Large Increase in Short Interest
Aegon NV (NYSE:AEG) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 4,107,963 shares, a growth of 102.4% from the August 31st total of 2,029,570 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 2,410,474 shares, the short-interest ratio is presently 1.7 days.
AEG has been the topic of a number of recent research reports. Barclays PLC lowered Aegon NV from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 29th. JPMorgan Chase & Co. lowered Aegon NV from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 28th. Zacks Investment Research lowered Aegon NV from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, TheStreet lowered Aegon NV from a “hold” rating to a “sell” rating in a research note on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $6.50.
Institutional investors have recently added to or reduced their stakes in the stock. Princeton Alpha Management LP increased its position in Aegon NV by 57.8% in the second quarter. Princeton Alpha Management LP now owns 25,984 shares of the company’s stock valued at $104,000 after buying an additional 9,518 shares during the last quarter. Buckingham Asset Management LLC increased its position in Aegon NV by 8.6% in the second quarter. Buckingham Asset Management LLC now owns 27,636 shares of the company’s stock valued at $111,000 after buying an additional 2,183 shares during the last quarter. FDx Advisors Inc. increased its position in Aegon NV by 6.9% in the second quarter. FDx Advisors Inc. now owns 28,498 shares of the company’s stock valued at $114,000 after buying an additional 1,831 shares during the last quarter. Timber Hill LLC increased its position in Aegon NV by 156.4% in the second quarter. Timber Hill LLC now owns 34,952 shares of the company’s stock valued at $140,000 after buying an additional 21,318 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in Aegon NV during the second quarter valued at $145,000. 6.81% of the stock is owned by hedge funds and other institutional investors.
Shares of Aegon NV (NYSE:AEG) opened at 4.12 on Friday. The firm has a 50-day moving average price of $3.95 and a 200-day moving average price of $4.59. Aegon NV has a 52-week low of $3.36 and a 52-week high of $6.38. The stock’s market cap is $8.46 billion.
The company also recently disclosed a dividend, which was paid on Friday, September 16th. Investors of record on Monday, August 22nd were paid a $0.124 dividend. The ex-dividend date of this dividend was Thursday, August 18th. Aegon NV’s payout ratio is currently -125.00%.
Aegon NV Company Profile
AEGON NV is a life insurance, pensions and asset management company based in the Netherlands. The Company’s products range from life, critical illness and disability insurance, to pensions, annuities, long-term savings and investments. It also offers mortgages, and car, household and travel insurance in some markets.
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