Shares of Aegon NV (NYSE:AEG - Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $8.32 and traded as low as $8.29. Aegon shares last traded at $8.3050, with a volume of 2,483,961 shares changing hands.
Analyst Ratings Changes
AEG has been the subject of several research reports. Zacks Research upgraded shares of Aegon from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 25th. Citigroup restated a "buy" rating on shares of Aegon in a report on Tuesday, August 18th. Weiss Ratings upgraded Aegon from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Tuesday, October 27th. Finally, JPMorgan Chase & Co. cut Aegon from an "overweight" rating to a "neutral" rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $10.00.
Check Out Our Latest Stock Report on Aegon
Aegon Stock Performance
The business's 50-day simple moving average is $8.64 and its 200-day simple moving average is $8.32.
Aegon Cuts Dividend
The firm also recently announced a dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd were issued a dividend of $0.2455 per share. This represents a dividend yield of 534.0%. This is a negative change from Aegon's previous dividend of $0.2469. The ex-dividend date of this dividend was Thursday, September 3rd.
Hedge Funds Weigh In On Aegon
Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Aegon by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider's stock valued at $856,000 after buying an additional 1,311 shares during the last quarter. 55 North Private Wealth LLC raised its position in shares of Aegon by 7.0% during the third quarter. 55 North Private Wealth LLC now owns 22,457 shares of the financial services provider's stock valued at $194,000 after buying an additional 1,477 shares during the last quarter. May Hill Capital LLC increased its stake in Aegon by 8.4% in the 3rd quarter. May Hill Capital LLC now owns 19,211 shares of the financial services provider's stock worth $166,000 after buying an additional 1,481 shares during the period. Earned Wealth Advisors LLC grew its holdings in Aegon by 14.6% in the first quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider's stock worth $86,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Aegon by 0.9% during the third quarter. Quadrant Capital Group LLC now owns 206,071 shares of the financial services provider's stock valued at $1,717,000 after acquiring an additional 1,794 shares in the last quarter. Institutional investors own 4.32% of the company's stock.
About Aegon
(
Get Free Report)
Aegon N.V. is an international financial services company that provides insurance, retirement, and investment products. Its offerings include life insurance, annuities, pensions, retirement plans, employee benefits, and asset management services for individuals, employers, and institutional clients.
Aegon conducts much of its business through the Transamerica brand in the United States, offering retirement solutions, life insurance, investment products, and workplace benefits. The company also has operations in selected European markets, including the United Kingdom, Spain, and Portugal, as well as international asset management activities.
Headquartered in The Hague, the Netherlands, Aegon was formed in 1983 through the merger of Dutch insurers AGO and Ennia, whose roots extend back more than 175 years.
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