Wealth Enhancement Advisory Services LLC Grows Position in Aegon NV $AEG

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Aegon NV by 426.1% in the second quarter, holding 62,729 shares valued at approximately $457,000.
• Several institutional investors have also significantly increased their positions in Aegon NV, with Bessemer Group Inc. raising its stake by 526.8% in the first quarter.
• Aegon NV saw upgrades from multiple analysts, with Wall Street Zen changing its rating from "buy" to "strong-buy" and Zacks Research also upgrading the stock rating.

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Aegon NV (NYSE:AEG - Free Report) by 426.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,729 shares of the financial services provider's stock after purchasing an additional 50,805 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Aegon were worth $457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AEG. Bessemer Group Inc. raised its stake in Aegon by 526.8% during the first quarter. Bessemer Group Inc. now owns 4,325 shares of the financial services provider's stock valued at $29,000 after buying an additional 3,635 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Aegon in the first quarter valued at $42,000. Deutsche Bank AG acquired a new stake in shares of Aegon during the first quarter valued at approximately $61,000. Advisor Resource Council purchased a new position in Aegon during the first quarter valued at approximately $66,000. Finally, Bailard Inc. bought a new stake in shares of Aegon in the 1st quarter valued at approximately $68,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Aegon from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Weiss Ratings restated a "buy (b+)" rating on shares of Aegon in a research report on Saturday, September 27th. Finally, Zacks Research raised shares of Aegon from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

Aegon Stock Performance

Shares of AEG opened at $7.90 on Tuesday. The firm's 50 day moving average is $7.64 and its 200-day moving average is $7.07. The stock has a market capitalization of $15.85 billion, a PE ratio of 8.23, a P/E/G ratio of 0.25 and a beta of 0.97. Aegon NV has a 12 month low of $5.42 and a 12 month high of $8.15.

Aegon Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were given a dividend of $0.1876 per share. This represents a yield of 584.0%. The ex-dividend date of this dividend was Thursday, September 4th. Aegon's dividend payout ratio (DPR) is currently 39.58%.

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.

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