Fulton Bank N.A. Trims Stake in Aegon NV $AEG

Key Points

• Fulton Bank N.A. has decreased its holdings in Aegon NV by 53.7%, now owning 30,522 shares after selling 35,372 shares during the second quarter.
• Aegon's shares have been positively rated by analysts, with recent upgrades to a "strong-buy" rating by both Berenberg Bank and Wall Street Zen.
• The company announced a semi-annual dividend of $0.1876, representing a yield of 584.0%, with the ex-dividend date set for September 4th.

Fulton Bank N.A. reduced its holdings in shares of Aegon NV (NYSE:AEG - Free Report) by 53.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,522 shares of the financial services provider's stock after selling 35,372 shares during the quarter. Fulton Bank N.A.'s holdings in Aegon were worth $221,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AEG. Bessemer Group Inc. increased its position in Aegon by 526.8% in the first 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 last quarter. SVB Wealth LLC purchased a new stake in Aegon in the first quarter worth $42,000. Deutsche Bank AG purchased a new stake in Aegon in the first quarter worth $61,000. Waverly Advisors LLC purchased a new stake in Aegon in the fourth quarter worth $65,000. Finally, Advisor Resource Council purchased a new stake in Aegon in the first quarter worth $66,000. 4.32% of the stock is currently owned by institutional investors.

Aegon Trading Up 1.5%

AEG traded up $0.12 during midday trading on Tuesday, reaching $8.03. 3,239,081 shares of the company's stock traded hands, compared to its average volume of 8,237,381. The firm has a fifty day moving average of $7.48 and a two-hundred day moving average of $6.96. The stock has a market capitalization of $16.10 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.28 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.06 and a quick ratio of 0.06. Aegon NV has a 52 week low of $5.42 and a 52 week high of $8.15.

Aegon Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.1876 per share. The ex-dividend date is Thursday, September 4th. This represents a dividend yield of 584.0%. Aegon's dividend payout ratio is 39.58%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Berenberg Bank raised Aegon to a "strong-buy" rating in a research report on Thursday, May 29th. Wall Street Zen upgraded Aegon from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy".

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.