Aegon NV (NYSE:AEG) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4.80.
AEG has been the subject of a number of research reports. TheStreet raised shares of Aegon NV from a “c+” rating to a “b” rating in a research note on Friday, August 25th. Societe Generale downgraded shares of Aegon NV from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Sanford C. Bernstein initiated coverage on shares of Aegon NV in a research note on Thursday, September 14th. They issued a “market perform” rating and a $4.60 price target for the company. Zacks Investment Research raised shares of Aegon NV from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a research note on Thursday, August 3rd. Finally, BidaskClub raised shares of Aegon NV from a “sell” rating to a “hold” rating in a research note on Friday, July 7th.
Shares of Aegon NV (NYSE AEG) traded down 1.52% during mid-day trading on Wednesday, reaching $5.85. The company had a trading volume of 1,181,001 shares. The company has a market capitalization of $11.96 billion, a P/E ratio of 6.85 and a beta of 1.35. Aegon NV has a 12-month low of $4.22 and a 12-month high of $6.13. The firm has a 50-day moving average of $5.77 and a 200-day moving average of $5.41.
Aegon NV (NYSE:AEG) last released its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.13. Aegon NV had a net margin of 5.18% and a return on equity of 6.73%. The company had revenue of $9.24 billion during the quarter. On average, equities analysts anticipate that Aegon NV will post $0.68 earnings per share for the current fiscal year.
Aegon NV declared that its Board of Directors has authorized a share buyback plan on Thursday, September 28th that allows the company to buyback 51,860,000 shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
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Several hedge funds and other institutional investors have recently made changes to their positions in AEG. Arrowstreet Capital Limited Partnership increased its stake in shares of Aegon NV by 25.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 8,296,935 shares of the financial services provider’s stock valued at $42,397,000 after purchasing an additional 1,690,800 shares in the last quarter. Cambiar Investors LLC increased its stake in shares of Aegon NV by 3.6% during the second quarter. Cambiar Investors LLC now owns 23,655,885 shares of the financial services provider’s stock valued at $120,882,000 after purchasing an additional 831,264 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Aegon NV by 9.3% during the first quarter. Bank of America Corp DE now owns 7,678,817 shares of the financial services provider’s stock valued at $39,392,000 after purchasing an additional 655,791 shares in the last quarter. Todd Asset Management LLC bought a new position in shares of Aegon NV during the second quarter valued at approximately $3,006,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in shares of Aegon NV during the second quarter valued at approximately $3,006,000. 10.56% of the stock is owned by institutional investors and hedge funds.
About Aegon NV
Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.
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