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Aegon (NYSE:AEG) Hits New 1-Year High - Here's What Happened

Aegon logo with Finance background

Shares of Aegon NV (NYSE:AEG - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $7.32 and last traded at $7.30, with a volume of 2978941 shares trading hands. The stock had previously closed at $7.20.

Analyst Upgrades and Downgrades

Several research firms have commented on AEG. Wall Street Zen lowered shares of Aegon from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Berenberg Bank raised shares of Aegon to a "strong-buy" rating in a research note on Thursday, May 29th. BNP Paribas Exane raised shares of Aegon from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 7th. Finally, BNP Paribas raised shares of Aegon from a "hold" rating to an "outperform" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Get Our Latest Stock Report on Aegon

Aegon Stock Up 1.1%

The company has a market cap of $16.05 billion, a PE ratio of 7.58, a P/E/G ratio of 0.27 and a beta of 0.91. The company's 50 day moving average is $6.94 and its 200 day moving average is $6.50. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.50.

Aegon Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 17th will be paid a $0.1992 dividend. This represents a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 17th. This is an increase from Aegon's previous semi-annual dividend of $0.17. Aegon's dividend payout ratio (DPR) is currently 38.54%.

Aegon declared that its board has approved a share repurchase plan on Friday, May 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Aegon by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,413,607 shares of the financial services provider's stock valued at $31,886,000 after purchasing an additional 298,679 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Aegon by 13.8% in the 1st quarter. Wellington Management Group LLP now owns 4,801,133 shares of the financial services provider's stock valued at $31,639,000 after buying an additional 582,622 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Aegon by 0.8% in the 1st quarter. Raymond James Financial Inc. now owns 2,634,059 shares of the financial services provider's stock valued at $17,358,000 after buying an additional 20,015 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in shares of Aegon by 27.6% in the 4th quarter. Voloridge Investment Management LLC now owns 1,895,842 shares of the financial services provider's stock valued at $11,167,000 after buying an additional 409,694 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Aegon by 2.3% in the 1st quarter. Northern Trust Corp now owns 1,452,121 shares of the financial services provider's stock valued at $9,569,000 after buying an additional 32,181 shares in the last quarter. Hedge funds and other institutional investors own 4.32% of the company's stock.

Aegon Company Profile

(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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