Aegon NV (NYSE:AEG) Receives $10.00 Average PT from Analysts

Shares of Aegon NV (NYSE:AEG) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $10.00.

AEG has been the topic of a number of research analyst reports. Morgan Stanley downgraded Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Wall Street Zen downgraded Aegon from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. BNP Paribas Exane initiated coverage on Aegon in a report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 target price on the stock. Finally, Citigroup reaffirmed a “buy” rating on shares of Aegon in a report on Monday, May 11th.

Institutional Trading of Aegon

Institutional investors and hedge funds have recently made changes to their positions in the stock. ABC Arbitrage SA acquired a new stake in shares of Aegon during the 3rd quarter worth approximately $16,634,000. New York State Common Retirement Fund acquired a new stake in shares of Aegon during the 3rd quarter worth approximately $1,223,000. Factory Mutual Insurance Co. acquired a new stake in shares of Aegon during the 3rd quarter worth approximately $1,747,000. XY Capital Ltd acquired a new stake in shares of Aegon during the 3rd quarter worth approximately $5,478,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in shares of Aegon during the 3rd quarter worth approximately $15,408,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Aegon Trading Up 2.1%

Shares of AEG opened at $8.57 on Thursday. The company has a market capitalization of $17.18 billion, a P/E ratio of -53.53, a P/E/G ratio of 0.88 and a beta of 0.85. Aegon has a one year low of $6.64 and a one year high of $8.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a 50-day moving average price of $7.65 and a 200 day moving average price of $7.65.

Aegon Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given 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 dividend payout ratio is presently -262.50%.

About Aegon

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.