Wellington Management Group LLP Boosts Position in Aegon NV $AEG

Key Points

• Wellington Management Group LLP increased its stake in Aegon NV by 13.8%, owning 4,801,133 shares valued at $31.6 million after acquiring an additional 582,622 shares in Q1.
• Aegon has recently experienced upgrade ratings from several analysts, including a "strong-buy" rating from Berenberg Bank, contributing to an average rating of "Buy" across the board.
• The company announced a semi-annual dividend of $0.1876, reflecting a yield of 420.0%, alongside a share repurchase plan indicating the board's belief in the stock's undervaluation.

Wellington Management Group LLP grew its holdings in shares of Aegon NV (NYSE:AEG - Free Report) by 13.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,801,133 shares of the financial services provider's stock after buying an additional 582,622 shares during the period. Wellington Management Group LLP owned 0.22% of Aegon worth $31,639,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. increased its stake in shares of 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 during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Aegon by 25.8% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 254,433 shares of the financial services provider's stock valued at $1,677,000 after purchasing an additional 52,174 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Aegon during the fourth quarter valued at approximately $645,000. QRG Capital Management Inc. boosted its position in shares of Aegon by 5.7% during the first quarter. QRG Capital Management Inc. now owns 93,462 shares of the financial services provider's stock valued at $616,000 after purchasing an additional 5,049 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Aegon by 499.0% during the first quarter. GAMMA Investing LLC now owns 38,986 shares of the financial services provider's stock valued at $257,000 after purchasing an additional 32,477 shares in the last quarter. 4.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Aegon Trading Down 1.1%

Aegon stock opened at $7.9450 on Monday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.44. The business's fifty day simple moving average is $7.18 and its two-hundred day simple moving average is $6.77. Aegon NV has a 12 month low of $5.42 and a 12 month high of $8.10. The company has a market capitalization of $15.94 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 0.31 and a beta of 0.94.

Aegon Cuts Dividend

The business 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 $0.1876 dividend. This represents a yield of 420.0%. The ex-dividend date of this dividend is Thursday, September 4th. Aegon's payout ratio is 38.54%.

Aegon declared that its Board of Directors has initiated a share repurchase plan on Friday, May 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication 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.

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