Aegon (NYSE:AEG) Hits New 1-Year High – Here’s Why

Aegon NV (NYSE:AEG) hit a new 52-week high during trading on Monday . The company traded as high as $8.45 and last traded at $8.4750, with a volume of 317688 shares. The stock had previously closed at $8.31.

Analysts Set New Price Targets

AEG has been the subject of a number of research reports. Wall Street Zen lowered Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. BNP Paribas Exane initiated coverage on Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price objective for the company. Finally, Weiss Ratings lowered Aegon from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Aegon Trading Up 1.6%

The firm has a market capitalization of $16.94 billion, a price-to-earnings ratio of -52.72, a price-to-earnings-growth ratio of 0.87 and a beta of 0.85. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $7.50 and a 200-day moving average price of $7.60.

Aegon Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.2469 per share. This represents a dividend yield of 671.0%. The ex-dividend date is Monday, June 15th. Aegon’s payout ratio is currently -237.50%.

Institutional Investors Weigh In On Aegon

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Aegon in the 4th quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd lifted its holdings in Aegon by 321.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 3,440 shares during the last quarter. CWM LLC lifted its holdings in Aegon by 87.2% in the 3rd quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 2,687 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Aegon by 299.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 5,555 shares during the last quarter. Finally, Quantessence Capital LLC acquired a new stake in Aegon in the 4th quarter worth approximately $78,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Aegon Company Profile

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.