Shares of Aegon NV (NYSE:AEG - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $7.36 and last traded at $7.35, with a volume of 5910694 shares changing hands. The stock had previously closed at $7.19.
Wall Street Analysts Forecast Growth
AEG has been the subject of several research reports. Wall Street Zen lowered shares of Aegon from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Berenberg Bank upgraded shares of Aegon to a "strong-buy" rating in a research report on Thursday, May 29th. BNP Paribas upgraded Aegon from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 7th. Finally, BNP Paribas Exane raised Aegon from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Aegon has a consensus rating of "Buy".
Check Out Our Latest Report on AEG
Aegon Price Performance
The company has a 50-day moving average of $7.06 and a 200-day moving average of $6.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $16.04 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 0.27 and a beta of 0.91.
Aegon announced that its Board of Directors has authorized a stock repurchase program on Friday, May 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of AEG. Bessemer Group Inc. grew its holdings in shares of Aegon by 526.8% during the first quarter. Bessemer Group Inc. now owns 4,325 shares of the financial services provider's stock worth $29,000 after purchasing an additional 3,635 shares during the last quarter. OLD Mission Capital LLC boosted its position in Aegon by 450.5% during the 4th quarter. OLD Mission Capital LLC now owns 1,028,750 shares of the financial services provider's stock worth $6,059,000 after buying an additional 841,863 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Aegon by 25.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 254,433 shares of the financial services provider's stock worth $1,677,000 after acquiring an additional 52,174 shares during the last quarter. Two Sigma Investments LP bought a new stake in Aegon during the 4th quarter worth approximately $645,000. Finally, QRG Capital Management Inc. increased its position in Aegon by 5.7% in the 1st quarter. QRG Capital Management Inc. now owns 93,462 shares of the financial services provider's stock valued at $616,000 after acquiring an additional 5,049 shares during the period. Institutional investors and hedge funds own 4.32% of the company's stock.
About Aegon
(
Get Free Report)
Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the United States, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, mutual funds, and stable value solutions; residential mortgage and digital baking services; and retail and institutional investment management solutions and retirement savings vehicles and strategies.
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