Aegon NV (AEG) Receives Average Recommendation of “Hold” from Brokerages
Aegon NV (NYSE:AEG) has been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $5.00.
Several equities research analysts recently weighed in on AEG shares. BidaskClub cut Aegon NV from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. TheStreet cut Aegon NV from a “b-” rating to a “c” rating in a research note on Thursday, May 18th. Finally, Zacks Investment Research cut Aegon NV from a “hold” rating to a “sell” rating in a research note on Friday, May 12th.
Shares of Aegon NV (AEG) traded down 1.52% during mid-day trading on Friday, hitting $5.85. 2,649,570 shares of the stock traded hands. The firm’s 50-day moving average is $5.39 and its 200-day moving average is $5.29. Aegon NV has a 52 week low of $3.70 and a 52 week high of $6.03. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 18.81 and a beta of 1.39.
Aegon NV (NYSE:AEG) last posted its earnings results on Thursday, August 10th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.13. Aegon NV had a return on equity of 6.30% and a net margin of 2.38%. The firm had revenue of $9.24 billion for the quarter. On average, analysts forecast that Aegon NV will post $0.68 earnings per share for the current year.
The company also recently declared a semiannual dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 21st will be paid a $0.1522 dividend. This represents a yield of 5.23%. This is a boost from Aegon NV’s previous semiannual dividend of $0.12. The ex-dividend date is Thursday, August 17th. Aegon NV’s dividend payout ratio is presently 60.00%.
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Several large investors have recently added to or reduced their stakes in AEG. Checchi Capital Advisers LLC boosted its stake in Aegon NV by 2.5% in the first quarter. Checchi Capital Advisers LLC now owns 19,906 shares of the financial services provider’s stock worth $102,000 after buying an additional 482 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in Aegon NV by 84.1% in the second quarter. Tocqueville Asset Management L.P. now owns 20,389 shares of the financial services provider’s stock worth $104,000 after buying an additional 9,312 shares in the last quarter. Pitcairn Co. boosted its stake in Aegon NV by 15.3% in the second quarter. Pitcairn Co. now owns 20,932 shares of the financial services provider’s stock worth $107,000 after buying an additional 2,776 shares in the last quarter. Buckingham Asset Management LLC boosted its stake in Aegon NV by 2.9% in the first quarter. Buckingham Asset Management LLC now owns 20,976 shares of the financial services provider’s stock worth $108,000 after buying an additional 583 shares in the last quarter. Finally, HRT Financial LLC bought a new stake in Aegon NV during the second quarter worth approximately $115,000. 10.33% of the stock is currently owned by hedge funds and other institutional investors.
Aegon NV Company Profile
Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.
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