Sequoia Financial Advisors LLC Increases Stock Position in Aegon NV $AEG

Sequoia Financial Advisors LLC grew its position in Aegon NV (NYSE:AEG) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,576 shares of the financial services provider’s stock after purchasing an additional 1,440 shares during the period. Sequoia Financial Advisors LLC’s holdings in Aegon were worth $171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of Aegon by 526.8% in the first quarter. Bessemer Group Inc. now owns 4,325 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 3,635 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Aegon by 27.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 170,827 shares of the financial services provider’s stock valued at $1,126,000 after purchasing an additional 36,511 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Aegon by 13.8% in the first quarter. Wellington Management Group LLP now owns 4,801,133 shares of the financial services provider’s stock valued at $31,639,000 after purchasing an additional 582,622 shares during the last quarter. Todd Asset Management LLC purchased a new stake in shares of Aegon in the first quarter valued at about $3,615,000. Finally, FORA Capital LLC purchased a new stake in shares of Aegon in the first quarter valued at about $411,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AEG shares. Wall Street Zen upgraded shares of Aegon from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Weiss Ratings restated a “buy (b+)” rating on shares of Aegon in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Aegon from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, Aegon has a consensus rating of “Buy”.

Aegon Stock Performance

NYSE AEG opened at $7.41 on Friday. Aegon NV has a 52-week low of $5.42 and a 52-week high of $8.15. The company has a 50-day simple moving average of $7.72 and a 200 day simple moving average of $7.16. The company has a market capitalization of $14.86 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.23 and a beta of 0.97.

Aegon Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were paid a $0.1876 dividend. The ex-dividend date was Thursday, September 4th. This represents a dividend yield of 584.0%. Aegon’s dividend payout ratio (DPR) is presently 38.54%.

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.