Aegon (NYSE:AEG) Sets New 52-Week High – Still a Buy?

Aegon NV (NYSE:AEG)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $8.45 and last traded at $8.4750, with a volume of 317688 shares changing hands. The stock had previously closed at $8.31.

Analyst Upgrades and Downgrades

AEG has been the topic of several research analyst reports. Weiss Ratings upgraded Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Citigroup reiterated a “buy” rating on shares of Aegon in a research note on Monday. BNP Paribas Exane initiated coverage on Aegon in a research note on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective on the stock. Finally, Wall Street Zen downgraded Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Aegon currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Aegon Price Performance

The business’s fifty day simple moving average is $7.55 and its 200-day simple moving average is $7.62. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. The firm has a market cap of $16.78 billion, a P/E ratio of -52.28, a PEG ratio of 0.89 and a beta of 0.85.

Aegon Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.2469 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a dividend yield of 671.0%. Aegon’s dividend payout ratio is presently -262.50%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its position in Aegon by 8.7% during the first quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,292 shares during the period. Allworth Financial LP boosted its holdings in shares of Aegon by 13.1% during the fourth quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,298 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Aegon by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider’s stock worth $856,000 after purchasing an additional 1,311 shares during the period. Parallel Advisors LLC boosted 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 worth $160,000 after purchasing an additional 1,494 shares during the period. Finally, Earned Wealth Advisors LLC boosted its holdings in shares of Aegon by 14.6% during the first quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,508 shares during the period. 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.