Vident Advisory LLC Acquires 35,619 Shares of Aegon NV $AEG

Key Points

• Vident Advisory LLC increased its stake in Aegon NV by 14.9%, acquiring an additional 35,619 shares, bringing its total holdings to 275,222 shares valued at approximately $1.81 million.
• Aegon recently initiated a share repurchase program, signaling confidence in its stock's undervaluation, while also announcing a semi-annual dividend of $0.1876 per share.
• Analyst ratings for Aegon have been positive, with several upgrades; BNP Paribas and Berenberg Bank have both raised their ratings, reflecting a consensus of "Buy" from analysts.

Vident Advisory LLC raised its position in Aegon NV (NYSE:AEG - Free Report) by 14.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 275,222 shares of the financial services provider's stock after buying an additional 35,619 shares during the period. Vident Advisory LLC's holdings in Aegon were worth $1,814,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEG. NewEdge Advisors LLC increased its stake 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. increased its stake 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 purchasing an additional 3,635 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Aegon during the 1st quarter worth approximately $42,000. Deutsche Bank AG purchased a new stake in shares of Aegon during the 1st quarter worth approximately $61,000. Finally, Waverly Advisors LLC purchased a new stake in shares of Aegon during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 4.32% of the company's stock.

Aegon Stock Up 0.1%

AEG opened at $7.81 on Tuesday. The company has a fifty day moving average price of $7.30 and a 200-day moving average price of $6.82. The firm has a market capitalization of $15.66 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 0.26 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 one year low of $5.42 and a one year high of $8.10.

Aegon announced that its board has initiated a share repurchase program on Friday, May 16th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Aegon Cuts Dividend

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

Analyst Upgrades and Downgrades

AEG has been the subject of several research analyst reports. BNP Paribas Exane upgraded shares of Aegon from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 7th. BNP Paribas raised shares of Aegon from a "hold" rating to an "outperform" rating in a report on Wednesday, May 7th. Berenberg Bank raised shares of Aegon to a "strong-buy" rating in a report on Thursday, May 29th. Finally, Wall Street Zen raised shares of Aegon from a "hold" rating to a "buy" rating in a report on Saturday. 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.com, the stock has a consensus rating of "Buy".

About Aegon

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.

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