Brokerages Set Aegon NV (NYSE:AEG) Target Price at $10.00

Shares of Aegon NV (NYSE:AEG) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.00.

AEG has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Aegon in a research report on Wednesday, January 7th. They set a “hold” rating for the company. Wall Street Zen downgraded shares of Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Morgan Stanley reissued an “overweight” rating on shares of Aegon in a research report on Friday, January 9th. BNP Paribas Exane initiated coverage on shares of Aegon in a report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price target on the stock. Finally, Weiss Ratings cut shares of Aegon from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, March 9th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Aegon during the fourth quarter worth about $33,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 purchasing an additional 3,440 shares during the last quarter. CWM LLC boosted its holdings in Aegon by 87.2% during the third quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 2,687 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Aegon by 299.5% during the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 5,555 shares during the last quarter. Finally, Independence Bank of Kentucky purchased a new position in Aegon during the third quarter worth about $64,000. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

Aegon Trading Down 0.3%

NYSE:AEG opened at $8.04 on Friday. 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 50-day moving average of $7.39 and a 200-day moving average of $7.57. The company has a market cap of $16.12 billion, a PE ratio of -50.22, a PEG ratio of 1.97 and a beta of 0.79. Aegon has a one year low of $6.18 and a one year high of $8.20.

Aegon Dividend Announcement

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

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.