Charles Schwab Investment Management Inc. Purchases 36,511 Shares of Aegon NV $AEG

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Aegon NV by 27.2% during Q1, acquiring an additional 36,511 shares, bringing their total to 170,827 shares valued at approximately $1.13 million.
• Aegon announced a semi-annual dividend of $0.1876 per share, with a dividend yield of 420.0%, and a payout ratio of 38.54%.
• Recent analysts’ reports have upgraded Aegon’s stock, with Wall Street Zen raising it to a "buy" rating and Berenberg Bank to a "strong-buy" rating.

Charles Schwab Investment Management Inc. grew its position in Aegon NV (NYSE:AEG - Free Report) by 27.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,827 shares of the financial services provider's stock after purchasing an additional 36,511 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Aegon were worth $1,126,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AEG. NewEdge Advisors LLC lifted its holdings in shares of Aegon by 1,136.2% in the fourth quarter. NewEdge Advisors LLC now owns 4,846 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 4,454 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Aegon by 526.8% in the first quarter. Bessemer Group Inc. now owns 4,325 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 3,635 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of Aegon in the fourth quarter valued at about $65,000. Advisor Resource Council acquired a new stake in shares of Aegon in the first quarter valued at about $66,000. Finally, Bailard Inc. acquired a new stake in shares of Aegon in the first quarter valued at about $68,000. 4.32% of the stock is currently owned by institutional investors.

Aegon Price Performance

NYSE:AEG opened at $7.81 on Tuesday. Aegon NV has a 12-month low of $5.42 and a 12-month high of $8.10. The stock's 50 day moving average price is $7.30 and its two-hundred day moving average price is $6.82. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $15.66 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 0.26 and a beta of 0.99.

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

Aegon Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a $0.1876 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a dividend yield of 420.0%. Aegon's dividend payout ratio is presently 38.54%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AEG. Wall Street Zen raised Aegon from a "hold" rating to a "buy" rating in a research report on Saturday. Berenberg Bank raised Aegon to a "strong-buy" rating in a research report on Thursday, May 29th. BNP Paribas raised Aegon from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 7th. Finally, BNP Paribas Exane raised Aegon from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy".

Aegon Profile

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.

Want to see what other hedge funds are holding AEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aegon NV (NYSE:AEG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.