Aegon (NYSE:AEG) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Aegon shares briefly crossed above their 200-day moving average, reaching $8.31 and last trading near $8.3050, with about 4.3 million shares changing hands.
• Analyst sentiment is moderately positive: Aegon has a consensus rating of “Moderate Buy” and an average price target of $10.00, though JPMorgan recently downgraded the stock to “neutral.”
• Aegon paid a quarterly dividend of $0.2455 per share, slightly below its previous $0.2469 payment, while institutional investors own 4.32% of the company.

Aegon NV (NYSE:AEG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $8.30 and traded as high as $8.31. Aegon shares last traded at $8.3050, with a volume of 4,303,839 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AEG shares. Citigroup reaffirmed a "buy" rating on shares of Aegon in a report on Tuesday, August 18th. JPMorgan Chase & Co. lowered shares of Aegon from an "overweight" rating to a "neutral" rating in a research report on Thursday, October 22nd. Zacks Research raised Aegon from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 25th. Finally, Weiss Ratings upgraded Aegon from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $10.00.

Aegon Trading Up 1.0%

The company's fifty day moving average is $8.73 and its 200 day moving average is $8.30.

Aegon Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd were paid a dividend of $0.2455 per share. This represents a dividend yield of 534.0%. This is a decrease from Aegon's previous dividend of $0.2469. The ex-dividend date of this dividend was Thursday, September 3rd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AEG. Eastern Bank purchased a new stake in Aegon during the 2nd quarter valued at about $55,000. Angeles Wealth Management LLC bought a new position in Aegon during the 2nd quarter worth approximately $87,000. Affinity Capital Advisors LLC bought a new position in Aegon during the 3rd quarter worth approximately $86,000. Range Financial Group LLC purchased a new position in Aegon in the 3rd quarter worth approximately $91,000. Finally, Wedmont Private Capital purchased a new position in Aegon in the 3rd quarter worth approximately $89,000. Hedge funds and other institutional investors own 4.32% of the company's stock.

About Aegon

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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