Todd Asset Management LLC Acquires New Shares in Aegon NV (NYSE:AEG)

Key Points

• Todd Asset Management LLC has made a $3.62 million investment in Aegon NV, acquiring 548,500 shares during the first quarter.
• Several large investors have increased their stakes in Aegon, with notable purchases made by Raymond James Financial and BNP Paribas, leading to a growing interest among institutional investors.
• Aegon's stock ratings have seen changes recently, with BNP Paribas and Berenberg Bank upgrading their ratings, while Wall Street Zen downgraded its rating, reflecting mixed opinions on the stock's performance.

Todd Asset Management LLC purchased a new position in shares of Aegon NV (NYSE:AEG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 548,500 shares of the financial services provider's stock, valued at approximately $3,615,000.

A number of other large investors have also bought and sold shares of the business. NewEdge Advisors LLC boosted its position in Aegon by 1,136.2% in the 4th quarter. NewEdge Advisors LLC now owns 4,846 shares of the financial services provider's stock valued at $29,000 after buying an additional 4,454 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Aegon by 526.8% in the 1st 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 during the last quarter. Deutsche Bank AG bought a new position in shares of Aegon in the 1st quarter worth $61,000. Waverly Advisors LLC acquired a new stake in Aegon in the fourth quarter worth $65,000. Finally, Advisor Resource Council acquired a new stake in Aegon in the first quarter worth $66,000. 4.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Aegon Stock Performance

NYSE:AEG remained flat at $7.51 on Friday. The company's stock had a trading volume of 4,679,998 shares, compared to its average volume of 8,817,142. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a 50 day moving average of $7.12 and a two-hundred day moving average of $6.72. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 0.29 and a beta of 0.94. Aegon NV has a 12-month low of $5.42 and a 12-month high of $7.56.

Aegon announced that its Board of Directors has initiated a share buyback program on Friday, May 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors 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.