Aegon NV (NYSE:AEG) Given Average Recommendation of “Hold” by Analysts

Aegon NV (NYSE:AEGGet Free Report) has been given an average recommendation of “Hold” by the seven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $10.00.

A number of research analysts have issued reports on AEG shares. Morgan Stanley lowered shares of Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Zacks Research lowered shares of Aegon from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Weiss Ratings raised Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. Finally, Citigroup reiterated a “buy” rating on shares of Aegon in a research report on Tuesday, August 18th.

Check Out Our Latest Report on Aegon

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Aegon during the fourth quarter valued at $33,000. Caitong International Asset Management Co. Ltd lifted its holdings in Aegon by 321.2% in 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 period. Eastern Bank bought a new position in Aegon in the 2nd quarter valued at about $55,000. Angeles Wealth Management LLC bought a new position in Aegon in the 2nd quarter valued at about $87,000. Finally, Quantessence Capital LLC acquired a new position in Aegon during the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 4.32% of the company’s stock.

Aegon Stock Performance

Shares of AEG opened at $9.22 on Friday. Aegon has a 1 year low of $6.75 and a 1 year high of $9.61. The company has a market cap of $18.50 billion, a price-to-earnings ratio of -57.62 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.12. The firm has a fifty day moving average of $9.01 and a 200-day moving average of $8.24.

Aegon Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.2455 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a yield of 544.0%. Aegon’s payout ratio is presently -256.25%.

Aegon Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Aegon (NYSE:AEG)

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