Aegon (NYSE:AEG) Hits New 12-Month High – Should You Buy?

Aegon NV (NYSE:AEG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $8.51 and last traded at $8.5250, with a volume of 276889 shares traded. The stock had previously closed at $8.39.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Morgan Stanley lowered Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research report on Monday, May 11th. Finally, BNP Paribas Exane assumed coverage on Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Aegon has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Aegon Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $16.82 billion, a P/E ratio of -52.41, a price-to-earnings-growth ratio of 0.90 and a beta of 0.85. The company has a fifty day moving average of $7.67 and a two-hundred day moving average of $7.66.

Aegon Dividend Announcement

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

Institutional Trading of Aegon

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in Aegon by 8.7% in the first quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,292 shares during the last quarter. Allworth Financial LP increased its holdings in Aegon by 13.1% in the fourth quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock valued at $86,000 after buying an additional 1,298 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Aegon by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider’s stock valued at $856,000 after buying an additional 1,311 shares during the last quarter. Parallel Advisors LLC boosted its stake in Aegon by 8.1% in the third quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 1,494 shares during the period. Finally, Earned Wealth Advisors LLC boosted its stake in Aegon by 14.6% in the first quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 1,508 shares during the period. 4.32% of the stock is owned by institutional investors.

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.