Aegon NV (NYSE:AEG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Aegon NV (NYSE:AEG) have been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $10.00.

AEG has been the topic of several analyst reports. Weiss Ratings raised shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. BNP Paribas Exane began coverage on shares of Aegon in a report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 target price on the stock. Citigroup reiterated a “buy” rating on shares of Aegon in a research report on Monday. Finally, Wall Street Zen downgraded shares of Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st.

Aegon Price Performance

Shares of Aegon stock opened at $8.43 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50-day simple moving average is $7.57 and its 200-day simple moving average is $7.63. Aegon has a twelve month low of $6.64 and a twelve month high of $8.48. The firm has a market cap of $16.90 billion, a P/E ratio of -52.66, a price-to-earnings-growth ratio of 0.88 and a beta of 0.85.

Aegon Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a dividend of $0.2469 per share. The ex-dividend date is Monday, June 15th. This represents a yield of 671.0%. Aegon’s dividend payout ratio is -237.50%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEG. Royal Bank of Canada lifted its position in 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 buying an additional 1,551 shares in the last quarter. AQR Capital Management LLC lifted its position in Aegon by 16.3% during the 1st quarter. AQR Capital Management LLC now owns 75,569 shares of the financial services provider’s stock worth $498,000 after buying an additional 10,591 shares in the last quarter. Acadian Asset Management LLC lifted its position in Aegon by 20.0% during the 1st quarter. Acadian Asset Management LLC now owns 142,277 shares of the financial services provider’s stock worth $936,000 after buying an additional 23,670 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Aegon during the 2nd quarter worth about $165,000. Finally, Rhumbline Advisers lifted its position in Aegon by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 92,294 shares of the financial services provider’s stock worth $668,000 after buying an additional 2,921 shares in the last quarter. Institutional investors and hedge funds own 4.32% of the company’s stock.

Aegon Company Profile

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.