#2 - Aegon (NYSE:AEG)
Aegon at its core is an insurance company. But before you dismiss, Aegon (NYSE:AEG) as a relic of a dying model, you should keep in mind that the 175-year old global company is a survivor. And just one year ago, the company was managing about $1 trillion of revenue-generating investments.
In the United States, which is its largest market, the company, better known as Transamerica, derives two-thirds of its earnings. Transamerica is one of the top ten largest providers of pensions, variable annuities, and individual universal and term life policies in the United States. Through its Aegon Center for Longevity and Retirement (ACLR), the company is attempting to educate and create a dialogue about many trends including retirement security.
At one time, AEG stock rewarded investors with a much stronger dividend. That’s taken a bit of a hit during the pandemic. But the stock is still worthy of consideration, carrying a 3.34% dividend yield that it pays out annually.
About Aegon
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.
Read More - Current Price
- $6.50
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
