Dodge & Cox Sells 2,953,585 Shares of Aegon NV $AEG

Key Points

• Dodge & Cox trimmed its stake in Aegon by 3.3%, selling 2,953,585 shares and ending the quarter with 85,783,505 shares (about 4.28% of the company) valued at roughly $685.4 million.
• Analyst sentiment is mixed: several firms have downgraded Aegon recently, but overall MarketBeat shows an average rating of "Moderate Buy" (one Strong Buy, three Buy, three Hold).
• Aegon announced a $0.2469 dividend payable July 6 (ex-dividend June 15); the report cites an unusually high yield of 671.0% and a negative payout ratio, which investors should scrutinize for context.

Dodge & Cox trimmed its stake in shares of Aegon NV (NYSE:AEG - Free Report) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,783,505 shares of the financial services provider's stock after selling 2,953,585 shares during the quarter. Dodge & Cox owned approximately 4.28% of Aegon worth $685,410,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AEG. CWM LLC grew its stake in shares of Aegon by 87.2% during the third quarter. CWM LLC now owns 5,767 shares of the financial services provider's stock worth $46,000 after buying an additional 2,687 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Aegon by 299.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 5,555 shares during the last quarter. Independence Bank of Kentucky acquired a new stake in shares of Aegon during the 3rd quarter valued at $64,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Aegon during the 2nd quarter valued at $74,000. Finally, AlphaCore Capital LLC bought a new stake in Aegon during the 3rd quarter worth $81,000. Institutional investors and hedge funds own 4.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on AEG shares. Weiss Ratings downgraded Aegon from a "buy (a-)" rating to a "buy (b)" rating in a research report on Monday. Wall Street Zen cut Aegon from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. Deutsche Bank Aktiengesellschaft started coverage on Aegon in a research note on Wednesday, January 7th. They issued a "hold" rating for the company. Morgan Stanley reiterated an "overweight" rating on shares of Aegon in a research report on Friday, January 9th. Finally, UBS Group lowered shares of Aegon from a "buy" rating to a "neutral" rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Aegon has an average rating of "Moderate Buy".

Aegon Trading Down 1.2%

AEG stock opened at $6.79 on Friday. The firm has a market cap of $13.61 billion, a PE ratio of -42.41, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. The stock has a 50-day moving average price of $7.57 and a 200-day moving average price of $7.65. Aegon NV has a 1-year low of $5.42 and a 1-year high of $8.15.

Aegon Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid a $0.2469 dividend. The ex-dividend date is Monday, June 15th. This represents a dividend yield of 671.0%. Aegon's 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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