Ethic Inc. Sells 33,536 Shares of Aegon NV $AEG

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Ethic Inc. lowered its stake in Aegon NV (NYSE:AEG - Free Report) by 10.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AEG. Bessemer Group Inc. grew its position in shares of Aegon by 526.8% during the 1st quarter. Bessemer Group Inc. now owns 4,325 shares of the financial services provider's stock worth $29,000 after buying an additional 3,635 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Aegon by 25.8% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 254,433 shares of the financial services provider's stock valued at $1,677,000 after purchasing an additional 52,174 shares during the period. Two Sigma Investments LP acquired a new position in Aegon during the fourth quarter valued at approximately $645,000. QRG Capital Management Inc. increased its stake in Aegon by 5.7% in the first quarter. QRG Capital Management Inc. now owns 93,462 shares of the financial services provider's stock valued at $616,000 after purchasing an additional 5,049 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Aegon by 499.0% in the first quarter. GAMMA Investing LLC now owns 38,986 shares of the financial services provider's stock worth $257,000 after purchasing an additional 32,477 shares during the period. Institutional investors own 4.32% of the company's stock.

Wall Street Analysts Forecast Growth

AEG has been the subject of several research analyst reports. Wall Street Zen lowered shares of Aegon from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. BNP Paribas upgraded Aegon from a "hold" rating to an "outperform" rating in a report on Wednesday, May 7th. Berenberg Bank raised Aegon to a "strong-buy" rating in a research note on Thursday, May 29th. Finally, BNP Paribas Exane raised Aegon from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

Aegon Stock Performance

Shares of AEG stock opened at $7.51 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.06 and a current ratio of 0.06. Aegon NV has a 52 week low of $5.42 and a 52 week high of $7.56. The company's 50 day moving average price is $7.12 and its two-hundred day moving average price is $6.72. The company has a market capitalization of $15.07 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 0.29 and a beta of 0.94.

Aegon announced that its Board of Directors has approved a share repurchase program on Friday, May 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Aegon Company 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.