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


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Shares of Aegon (NYSE:AEG) have received a consensus rating of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have given a buy recommendation to the company.

AEG has been the topic of a number of research reports. Kepler Capital Markets reiterated a “hold” rating on shares of Aegon in a research report on Monday, December 21st. Barclays reiterated an “equal weight” rating on shares of Aegon in a research report on Tuesday, March 30th. Oddo Bhf downgraded shares of Aegon from a “neutral” rating to a “reduce” rating in a research report on Friday, December 11th. Credit Suisse Group reiterated a “neutral” rating on shares of Aegon in a research report on Wednesday, February 17th. Finally, UBS Group reiterated a “sell” rating on shares of Aegon in a research report on Thursday, January 28th.

A number of hedge funds have recently made changes to their positions in AEG. Dimensional Fund Advisors LP increased its stake in Aegon by 40.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,791,344 shares of the financial services provider’s stock valued at $11,026,000 after purchasing an additional 807,080 shares in the last quarter. Jane Street Group LLC increased its stake in Aegon by 1,296.8% during the 4th quarter. Jane Street Group LLC now owns 855,908 shares of the financial services provider’s stock valued at $3,381,000 after purchasing an additional 794,633 shares in the last quarter. Lorne Steinberg Wealth Management Inc. bought a new stake in shares of Aegon in the 4th quarter worth $2,080,000. Wells Fargo & Company MN grew its stake in shares of Aegon by 47.7% in the 3rd quarter. Wells Fargo & Company MN now owns 558,835 shares of the financial services provider’s stock worth $1,430,000 after acquiring an additional 180,396 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Aegon by 5.4% in the 4th quarter. Northern Trust Corp now owns 1,662,444 shares of the financial services provider’s stock worth $6,567,000 after acquiring an additional 85,129 shares in the last quarter.

Shares of NYSE AEG opened at $4.82 on Thursday. The company has a market capitalization of $12.92 billion, a P/E ratio of 5.24 and a beta of 1.37. Aegon has a 52-week low of $2.10 and a 52-week high of $5.11. The company’s 50 day moving average price is $4.81 and its 200-day moving average price is $3.85.

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, July 7th. Shareholders of record on Tuesday, June 8th will be paid a dividend of $0.0727 per share. This represents a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 7th. This is a positive change from Aegon’s previous semi-annual dividend of $0.07. Aegon’s payout ratio is 15.22%.

About Aegon

Aegon N.V. provides insurance, pensions, and asset management services in the Americas, Europe, and Asia. Its insurance products include life, accident, and health insurance; property and casualty insurance; and household and car insurance. The company also offers savings products, such as retirement plan services; annuities; mutual funds; and stable value solutions.

Further Reading: Momentum Investing

Analyst Recommendations for Aegon (NYSE:AEG)

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