Aegon NV (AEG) Cut to “Hold” at Societe Generale
Societe Generale lowered shares of Aegon NV (NYSE:AEG) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports.
A number of other analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Aegon NV from a sell rating to a hold rating in a research note on Friday, July 7th. TheStreet cut shares of Aegon NV from a b- rating to a c rating in a research note on Thursday, May 18th. Finally, Zacks Investment Research upgraded shares of Aegon NV from a hold rating to a buy rating and set a $6.25 price objective for the company in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $5.28.
Aegon NV (NYSE:AEG) opened at 5.69 on Wednesday. The stock has a 50 day moving average of $5.72 and a 200-day moving average of $5.33. Aegon NV has a 52 week low of $3.76 and a 52 week high of $6.06. The stock has a market cap of $11.63 billion, a P/E ratio of 6.69 and a beta of 1.35.
Aegon NV (NYSE:AEG) last issued its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.13. Aegon NV had a net margin of 5.18% and a return on equity of 6.73%. The business had revenue of $9.24 billion during the quarter. Analysts forecast that Aegon NV will post $0.68 earnings per share for the current year.
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The business also recently announced a semiannual dividend, which was paid on Friday, September 15th. Investors of record on Monday, August 21st were paid a dividend of $0.1522 per share. This is a boost from Aegon NV’s previous semiannual dividend of $0.12. This represents a yield of 5.23%. The ex-dividend date was Thursday, August 17th. Aegon NV’s dividend payout ratio is presently 27.47%.
Large investors have recently added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. raised its stake in Aegon NV by 84.1% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 20,389 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 9,312 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in Aegon NV by 4.2% during the 2nd quarter. Checchi Capital Advisers LLC now owns 20,744 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 838 shares during the last quarter. Pitcairn Co. raised its stake in Aegon NV by 15.3% during the 2nd quarter. Pitcairn Co. now owns 20,932 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,776 shares during the last quarter. HRT Financial LLC acquired a new position in Aegon NV during the 2nd quarter valued at $115,000. Finally, FFT Wealth Management LLC raised its stake in Aegon NV by 36.3% during the 1st quarter. FFT Wealth Management LLC now owns 22,912 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 6,103 shares during the last quarter. Hedge funds and other institutional investors own 10.56% of the company’s stock.
About Aegon NV
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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