Aegon Ltd. (NYSE:AEG - Get Free Report) saw an uptick in trading volume on Thursday . 14,748,909 shares were traded during mid-day trading, an increase of 165% from the previous session's volume of 5,556,437 shares.The stock last traded at $7.13 and had previously closed at $7.03.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on AEG shares. BNP Paribas raised Aegon from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 7th. BNP Paribas Exane raised shares of Aegon from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen cut Aegon from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th.
Read Our Latest Stock Analysis on Aegon
Aegon Stock Up 1.7%
The company has a fifty day simple moving average of $6.50 and a 200-day simple moving average of $6.36. The firm has a market cap of $16.13 billion, a P/E ratio of 7.62 and a beta of 0.91.
Aegon Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.1992 per share. This represents a yield of 5.3%. The ex-dividend date 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 34.38%.
Aegon declared that its board has authorized a stock buyback program on Friday, May 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Aegon during the 4th quarter worth approximately $68,000. Wealthstar Advisors LLC bought a new position in Aegon during the fourth quarter valued at $601,000. Savant Capital LLC grew its stake in shares of Aegon by 6.4% in the 4th quarter. Savant Capital LLC now owns 37,744 shares of the financial services provider's stock worth $222,000 after buying an additional 2,275 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of Aegon in the 4th quarter worth about $3,394,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Aegon during the 4th quarter valued at about $79,000. 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.
See Also
Before you consider Aegon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aegon wasn't on the list.
While Aegon currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
