Callan Family Office LLC Invests $345,000 in Aegon NV $AEG

Key Points

• Callan Family Office LLC invested approximately $345,000 in Aegon NV, acquiring 47,586 shares during the second quarter.
• Aegon recently declared a semi-annual dividend of $0.1876 per share, with a yield of 584.0%, indicating a dividend payout ratio of 39.58%.
• Several analysts have upgraded Aegon's stock rating, with Zacks Research and Wall Street Zen both changing it to strong-buy recently.

Callan Family Office LLC purchased a new position in shares of Aegon NV (NYSE:AEG - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 47,586 shares of the financial services provider's stock, valued at approximately $345,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada grew its position in Aegon by 2.1% during the first quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider's stock worth $507,000 after buying an additional 1,551 shares during the period. Sei Investments Co. grew its position in Aegon by 0.4% during the first quarter. Sei Investments Co. now owns 487,913 shares of the financial services provider's stock worth $3,215,000 after buying an additional 1,772 shares during the period. Contravisory Investment Management Inc. grew its position in Aegon by 6.4% during the second quarter. Contravisory Investment Management Inc. now owns 37,333 shares of the financial services provider's stock worth $270,000 after buying an additional 2,234 shares during the period. Legacy Capital Group California Inc. lifted its holdings in shares of Aegon by 7.2% in the first quarter. Legacy Capital Group California Inc. now owns 36,545 shares of the financial services provider's stock valued at $241,000 after purchasing an additional 2,442 shares in the last quarter. Finally, Burns Matteson Capital Management LLC lifted its holdings in shares of Aegon by 32.3% in the first quarter. Burns Matteson Capital Management LLC now owns 14,016 shares of the financial services provider's stock valued at $92,000 after purchasing an additional 3,424 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Aegon Stock Performance

Shares of AEG opened at $7.71 on Thursday. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.25 and a beta of 0.97. Aegon NV has a 1 year low of $5.42 and a 1 year high of $8.15. The company's 50 day simple moving average is $7.73 and its 200 day simple moving average is $7.11.

Aegon Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were paid a dividend of $0.1876 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a yield of 584.0%. Aegon's dividend payout ratio (DPR) is currently 39.58%.

Wall Street Analyst Weigh In

AEG has been the topic of several recent research reports. Zacks Research raised shares of Aegon from a "hold" rating to a "strong-buy" rating in a report on Monday, September 29th. Wall Street Zen raised shares of Aegon from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Aegon in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, Aegon has a consensus rating of "Buy".

About Aegon

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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