SVB Wealth LLC Takes $42,000 Position in Aegon NV $AEG

SVB Wealth LLC acquired a new stake in Aegon NV (NYSE:AEG) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,410 shares of the financial services provider’s stock, valued at approximately $42,000.

Several other large investors have also modified their holdings of AEG. Dimensional Fund Advisors LP lifted its holdings in shares of Aegon by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,413,607 shares of the financial services provider’s stock worth $31,886,000 after purchasing an additional 298,679 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Aegon by 13.8% during the first quarter. Wellington Management Group LLP now owns 4,801,133 shares of the financial services provider’s stock worth $31,639,000 after purchasing an additional 582,622 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Aegon by 0.8% during the first quarter. Raymond James Financial Inc. now owns 2,634,059 shares of the financial services provider’s stock worth $17,358,000 after purchasing an additional 20,015 shares during the period. Voloridge Investment Management LLC lifted its holdings in shares of Aegon by 27.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,895,842 shares of the financial services provider’s stock worth $11,167,000 after purchasing an additional 409,694 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Aegon by 2.3% during the first quarter. Northern Trust Corp now owns 1,452,121 shares of the financial services provider’s stock worth $9,569,000 after purchasing an additional 32,181 shares during the period. 4.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AEG shares. BNP Paribas raised Aegon from a “hold” rating to an “outperform” rating in a report on Wednesday, May 7th. BNP Paribas Exane raised Aegon from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 7th. Berenberg Bank raised Aegon to a “strong-buy” rating in a report on Thursday, May 29th. Finally, Wall Street Zen cut Aegon from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Aegon Trading Down 0.6%

NYSE:AEG opened at $7.82 on Thursday. Aegon NV has a 1 year low of $5.42 and a 1 year high of $8.10. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.27 and a beta of 0.94. The stock has a fifty day moving average price of $7.24 and a two-hundred day moving average price of $6.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.06 and a current ratio of 0.06.

Aegon declared that its Board of Directors has authorized a share repurchase plan on Friday, May 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Aegon Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a $0.1876 dividend. The ex-dividend date is Thursday, September 4th. This represents a dividend yield of 420.0%. Aegon’s dividend payout ratio (DPR) is currently 38.54%.

Aegon Profile

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.