XY Capital Ltd acquired a new stake in Aegon NV (NYSE:AEG – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 59,500 shares of the financial services provider’s stock, valued at approximately $502,000. Aegon accounts for about 0.5% of XY Capital Ltd’s holdings, making the stock its 24th biggest position.
Other hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Aegon during the fourth quarter worth about $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 valued at $35,000 after acquiring an additional 3,440 shares during the period. Eastern Bank purchased a new stake in Aegon in the 2nd quarter worth approximately $55,000. Quantessence Capital LLC purchased a new stake in Aegon in the 4th quarter worth approximately $78,000. Finally, Baron Wealth Management LLC acquired a new stake in shares of Aegon during the 1st quarter worth approximately $82,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.
Wall Street Analysts Forecast Growth
AEG has been the subject of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of Aegon in a report on Tuesday, August 18th. Zacks Research raised shares of Aegon from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Morgan Stanley lowered shares of Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. Finally, Weiss Ratings raised shares of Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.
Aegon Stock Performance
Shares of AEG stock opened at $9.14 on Friday. The company has a market capitalization of $18.34 billion, a P/E ratio of -57.12 and a beta of 0.81. The business’s 50 day moving average is $9.11 and its two-hundred day moving average is $8.31. The company has a current ratio of 0.12, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42. Aegon NV has a 12-month low of $6.75 and a 12-month high of $9.61.
Aegon Cuts Dividend
The firm also recently announced a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.2455 per share. This represents a dividend yield of 534.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Aegon’s dividend payout ratio is presently -256.25%.
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.
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