Aegon NV $AEG Shares Sold by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase cut its Aegon stake by 66.4% in Q3, selling 1,077,510 shares and leaving 545,986 shares worth about $4.36 million.
• Other institutions moved in during Q3 — notably ABC Arbitrage SA bought a new stake worth roughly $16.63 million — and institutional/hedge funds now own about 4.32% of Aegon.
• Aegon announced a $0.2469 dividend payable July 6 with record/ex-dividend dates on June 15, and the stock carries a MarketBeat consensus rating of "Moderate Buy" amid mixed analyst views (1 Strong Buy, 3 Buy, 3 Hold).

JPMorgan Chase & Co. lessened its position in Aegon NV (NYSE:AEG - Free Report) by 66.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 545,986 shares of the financial services provider's stock after selling 1,077,510 shares during the period. JPMorgan Chase & Co.'s holdings in Aegon were worth $4,362,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. ABC Arbitrage SA acquired a new stake in Aegon in the 3rd quarter valued at about $16,634,000. New York State Common Retirement Fund acquired a new position in shares of Aegon in the 3rd quarter worth approximately $1,223,000. Factory Mutual Insurance Co. bought a new stake in shares of Aegon in the 3rd quarter worth approximately $1,747,000. Capital Fund Management S.A. bought a new stake in shares of Aegon in the 2nd quarter worth approximately $1,163,000. Finally, XY Capital Ltd acquired a new stake in Aegon during the third quarter valued at approximately $5,478,000. Institutional investors and hedge funds own 4.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Aegon from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. Morgan Stanley reiterated an "overweight" rating on shares of Aegon in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Aegon in a research note on Wednesday, January 7th. They set a "hold" rating for the company. Finally, Weiss Ratings cut Aegon from a "buy (a-)" rating to a "buy (b)" rating in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Aegon Stock Down 0.2%

NYSE:AEG opened at $7.36 on Friday. The business's fifty day moving average price is $7.38 and its 200 day moving average price is $7.58. The firm has a market capitalization of $14.76 billion, a price-to-earnings ratio of -45.97, a PEG ratio of 0.47 and a beta of 0.79. The company has a current ratio of 0.07, a quick ratio of 0.06 and a debt-to-equity ratio of 0.36. Aegon NV has a 1-year low of $5.42 and a 1-year high of $8.15.

Aegon Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.2469 dividend. The ex-dividend date is Monday, June 15th. This represents a dividend yield of 671.0%. Aegon's dividend payout ratio is currently -237.50%.

About Aegon

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.

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