FORA Capital LLC Invests $411,000 in Aegon NV $AEG

Key Points

• FORA Capital LLC has acquired a new position in Aegon NV, purchasing 62,404 shares valued at approximately $411,000.
• Aegon recently experienced a 0.1% decline in stock price, with shares trading at $7.81, while the company announced a semi-annual dividend of $0.1876 per share.
• The company has a consensus rating of "Buy" from analysts, with recent upgrades from BNP Paribas and Berenberg Bank strengthening its outlook.

FORA Capital LLC acquired a new stake in Aegon NV (NYSE:AEG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 62,404 shares of the financial services provider's stock, valued at approximately $411,000.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Aegon by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,413,607 shares of the financial services provider's stock valued at $31,886,000 after buying an additional 298,679 shares during the period. Wellington Management Group LLP lifted its holdings in Aegon by 13.8% in the first quarter. Wellington Management Group LLP now owns 4,801,133 shares of the financial services provider's stock valued at $31,639,000 after acquiring an additional 582,622 shares during the period. Raymond James Financial Inc. lifted its holdings in Aegon by 0.8% in the first quarter. Raymond James Financial Inc. now owns 2,634,059 shares of the financial services provider's stock valued at $17,358,000 after acquiring an additional 20,015 shares during the period. Voloridge Investment Management LLC lifted its holdings in Aegon by 27.6% in the fourth quarter. Voloridge Investment Management LLC now owns 1,895,842 shares of the financial services provider's stock valued at $11,167,000 after acquiring an additional 409,694 shares during the period. Finally, Northern Trust Corp lifted its holdings in Aegon by 2.3% in the first quarter. Northern Trust Corp now owns 1,452,121 shares of the financial services provider's stock valued at $9,569,000 after acquiring an additional 32,181 shares during the period. 4.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on AEG. Wall Street Zen raised Aegon from a "hold" rating to a "buy" rating in a report on Saturday. Berenberg Bank raised Aegon to a "strong-buy" rating in a report on Thursday, May 29th. BNP Paribas Exane raised Aegon from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 7th. Finally, BNP Paribas raised Aegon from a "hold" rating to an "outperform" rating in a 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's stock. According to data from MarketBeat.com, Aegon has a consensus rating of "Buy".

Aegon Price Performance

Shares of NYSE AEG traded down $0.15 during trading on Tuesday, reaching $7.65. The company had a trading volume of 4,206,128 shares, compared to its average volume of 8,576,228. 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 $15.34 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.26 and a beta of 0.99. The stock has a 50-day moving average price of $7.30 and a two-hundred day moving average price of $6.82. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.44.

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

Aegon Cuts Dividend

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

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.