Aegon NV $AEG Shares Sold by Ethic Inc.

Key Points

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Ethic Inc. cut its holdings in Aegon NV (NYSE:AEG - Free Report) by 10.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,919 shares of the financial services provider's stock after selling 33,536 shares during the quarter. Ethic Inc.'s holdings in Aegon were worth $2,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEG. NewEdge Advisors LLC boosted its position in Aegon by 1,136.2% during the fourth quarter. NewEdge Advisors LLC now owns 4,846 shares of the financial services provider's stock worth $29,000 after purchasing an additional 4,454 shares in the last quarter. Bessemer Group Inc. boosted its position in Aegon by 526.8% during the first quarter. Bessemer Group Inc. now owns 4,325 shares of the financial services provider's stock worth $29,000 after purchasing an additional 3,635 shares in the last quarter. Deutsche Bank AG purchased a new stake in Aegon during the first quarter worth $61,000. Waverly Advisors LLC purchased a new stake in Aegon during the fourth quarter worth $65,000. Finally, Advisor Resource Council purchased a new stake in Aegon during the first quarter worth $66,000. 4.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on AEG shares. BNP Paribas upgraded Aegon from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 7th. BNP Paribas Exane upgraded Aegon from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen downgraded Aegon from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Berenberg Bank upgraded Aegon to a "strong-buy" rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

Aegon Price Performance

Shares of NYSE AEG traded down $0.0850 during trading on Friday, reaching $7.9450. The company had a trading volume of 7,033,270 shares, compared to its average volume of 4,785,173. Aegon NV has a twelve month low of $5.42 and a twelve month high of $8.10. The stock has a market capitalization of $15.94 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.31 and a beta of 0.94. The stock has a 50-day moving average price of $7.18 and a two-hundred day moving average price of $6.76. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.50.

Aegon Cuts Dividend

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

Aegon declared that its board has approved a stock buyback plan on Friday, May 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

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.