Aegon (NYSE:AEG) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Aegon shares briefly crossed above their 200-day moving average of $8.53, reaching $8.53 before trading at $8.4750, with more than 13.1 million shares changing hands.
• Analyst sentiment is generally positive: Aegon holds a consensus “Moderate Buy” rating and a $10.00 average price target, with recent upgrades from Zacks Research and Weiss Ratings.
• Aegon paid a reduced $0.2455 dividend, representing a reported 534% yield, while institutional investors increased their holdings; institutions own 4.32% of the company.

Aegon NV (NYSE:AEG - Get Free Report) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $8.53 and traded as high as $8.53. Aegon shares last traded at $8.4750, with a volume of 13,185,092 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AEG shares. Zacks Research raised shares of Aegon from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 25th. Weiss Ratings raised shares of Aegon from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Friday, September 25th. Finally, Citigroup reaffirmed a "buy" rating on shares of Aegon in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $10.00.

Aegon Stock Performance

The company has a 50-day moving average of $9.15 and a 200-day moving average of $8.53. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of -52.97 and a beta of 0.85.

Aegon Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd were issued a $0.2455 dividend. This represents a dividend yield of 534.0%. This is a drop from Aegon's previous dividend of $0.2469. The ex-dividend date was Thursday, September 3rd. Aegon's dividend payout ratio is currently -256.25%.

Institutional Investors Weigh In On Aegon

Several large investors have recently made changes to their positions in AEG. Dimensional Fund Advisors LP lifted its position in Aegon by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,741,711 shares of the financial services provider's stock valued at $85,233,000 after acquiring an additional 901,979 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. increased its holdings in Aegon by 31.1% during the 4th quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 2,527,483 shares of the financial services provider's stock worth $19,487,000 after purchasing an additional 599,104 shares in the last quarter. ABC Arbitrage SA increased its holdings in Aegon by 0.5% during the 1st quarter. ABC Arbitrage SA now owns 2,107,085 shares of the financial services provider's stock worth $15,297,000 after purchasing an additional 9,775 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Aegon by 42.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,735,351 shares of the financial services provider's stock valued at $12,599,000 after purchasing an additional 520,221 shares during the period. Finally, Transmarket Holdings LP lifted its holdings in shares of Aegon by 106.1% in the first quarter. Transmarket Holdings LP now owns 665,613 shares of the financial services provider's stock valued at $4,832,000 after purchasing an additional 342,704 shares in the last quarter. Institutional investors own 4.32% of the company's stock.

About Aegon

Aegon Ltd. NYSE: AEG is an international financial services company that provides insurance, retirement, and investment solutions. Its offerings include life insurance, protection products, workplace and individual retirement plans, pensions, annuities, and asset management services. The company serves individuals, employers, and institutions through a combination of direct distribution, financial professionals, and workplace programs.

Aegon's principal operating businesses are concentrated in the United States, where it operates primarily through Transamerica, and in the United Kingdom.

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