Aegon (NYSE:AEG) Hits New 12-Month High – Here’s Why

Aegon NV (NYSE:AEG) hit a new 52-week high during trading on Monday . The stock traded as high as $8.51 and last traded at $8.5250, with a volume of 276889 shares. The stock had previously closed at $8.39.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AEG shares. Morgan Stanley cut Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday. BNP Paribas Exane assumed coverage on Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price target on the stock. Citigroup restated a “buy” rating on shares of Aegon in a research report on Monday, May 11th. Wall Street Zen lowered Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings upgraded Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Aegon has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Aegon Stock Up 1.7%

The business has a fifty day moving average price of $7.62 and a two-hundred day moving average price of $7.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of -53.34, a price-to-earnings-growth ratio of 0.88 and a beta of 0.85.

Aegon Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.2469 dividend. This represents a yield of 671.0%. The ex-dividend date of this dividend is Monday, June 15th. Aegon’s dividend payout ratio (DPR) is presently -237.50%.

Institutional Trading of Aegon

Institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Aegon in the fourth quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd lifted its position in Aegon by 321.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock worth $35,000 after buying an additional 3,440 shares in the last quarter. CWM LLC raised its position in Aegon by 87.2% in the third quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 2,687 shares during the period. Parkside Financial Bank & Trust raised its position in Aegon by 299.5% in the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 5,555 shares during the period. Finally, Quantessence Capital LLC purchased a new stake in Aegon in the fourth quarter valued at $78,000. 4.32% of the stock is owned by institutional investors and hedge funds.

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.