Aegon NV (NYSE:AEG) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Aegon received a consensus “Hold” rating from seven analysts: four holds and three buys. The average 12-month price target is $10.00, compared with the stock’s reported opening price of $9.06.
• Aegon shares were up 0.1%, with a market capitalization of approximately $18.19 billion and a recent trading range of $6.75 to $9.61.
• The company announced a $0.2455 dividend payable September 24 to shareholders of record September 3, while institutional investors own 4.32% of Aegon’s stock.

Aegon NV (NYSE:AEG - Get Free Report) has received a consensus rating of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $10.00.

Several analysts have weighed in on AEG shares. Citigroup reaffirmed a "buy" rating on shares of Aegon in a report on Tuesday, August 18th. Weiss Ratings lowered shares of Aegon from a "buy (a-)" rating to a "buy (b+)" rating in a report on Thursday, September 10th. Finally, Zacks Research upgraded shares of Aegon from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 25th.

Aegon Stock Up 0.1%

AEG opened at $9.06 on Wednesday. The firm has a market capitalization of $18.19 billion, a P/E ratio of -56.66 and a beta of 0.81. Aegon has a one year low of $6.75 and a one year high of $9.61. The company has a fifty day moving average price of $9.18 and a 200-day moving average price of $8.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.12 and a quick ratio of 0.07.

Aegon Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a $0.2455 dividend. The ex-dividend date is Thursday, September 3rd. This represents a yield of 534.0%. Aegon's payout ratio is -256.25%.

Institutional Investors Weigh In On Aegon

A number of large investors have recently added to or reduced their stakes in AEG. Engineers Gate Manager LP bought a new position in shares of Aegon during the 2nd quarter valued at about $526,000. Corient Private Wealth LP grew its stake in shares of Aegon by 26.1% during the second quarter. Corient Private Wealth LP now owns 80,289 shares of the financial services provider's stock valued at $680,000 after buying an additional 16,635 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Aegon by 14.4% in the second quarter. HB Wealth Management LLC now owns 22,788 shares of the financial services provider's stock worth $192,000 after buying an additional 2,876 shares during the period. Angeles Wealth Management LLC purchased a new stake in Aegon during the 2nd quarter valued at about $87,000. Finally, XY Capital Ltd purchased a new position in Aegon in the 2nd quarter worth approximately $502,000. Hedge funds and other institutional investors own 4.32% of the company's stock.

About Aegon

Aegon N.V. is an international financial services company headquartered in The Hague, the Netherlands. Through its businesses and partnerships, the company provides life insurance, pensions, retirement solutions, savings and investment products, and asset management services to individuals, employers and institutions.

Aegon serves customers primarily in the Netherlands, the United Kingdom, Spain and Portugal, with additional international investment-management and insurance activities.

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