Short Interest in Aegon NV (NYSE:AEG) Rises By 47.1%

Aegon NV (NYSE:AEG) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,549,045 shares, a growth of 47.1% from the January 29th total of 1,053,012 shares. Based on an average trading volume of 6,562,942 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 6,562,942 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Aegon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its position in shares of Aegon by 13.1% in the fourth quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock valued at $86,000 after buying an additional 1,298 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Aegon by 8.1% during the 3rd 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. HB Wealth Management LLC increased its position in shares of Aegon by 8.8% in the fourth quarter. HB Wealth Management LLC now owns 18,716 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 1,517 shares in the last quarter. Royal Bank of Canada increased its holdings in Aegon by 2.1% in the 1st quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 1,551 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Aegon by 4.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 40,187 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 1,655 shares in the last quarter. Institutional investors and hedge funds own 4.32% of the company’s stock.

Aegon Trading Down 2.3%

AEG traded down $0.18 during mid-day trading on Friday, hitting $7.50. 8,148,560 shares of the stock were exchanged, compared to its average volume of 5,918,741. The firm’s fifty day moving average is $7.70 and its two-hundred day moving average is $7.69. Aegon has a 1-year low of $5.42 and a 1-year high of $8.15. The company has a market cap of $15.04 billion, a PE ratio of -46.84, a PEG ratio of 0.20 and a beta of 0.79.

Aegon Dividend Announcement

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

Wall Street Analysts Forecast Growth

AEG has been the topic of several analyst reports. Weiss Ratings upgraded shares of Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, February 23rd. Morgan Stanley reissued an “overweight” rating on shares of Aegon in a research report on Friday, January 9th. UBS Group lowered Aegon from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 3rd. Wall Street Zen lowered Aegon from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Aegon in a report on Wednesday, January 7th. They issued a “hold” rating for the company. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Aegon has an average rating of “Moderate Buy”.

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.