Aegon NV (AEG) Receives Consensus Rating of “Hold” from Analysts
Shares of Aegon NV (NYSE:AEG) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $4.80.
AEG has been the topic of a number of analyst reports. BidaskClub raised shares of Aegon NV from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Zacks Investment Research cut Aegon NV from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Sanford C. Bernstein initiated coverage on Aegon NV in a research note on Thursday, September 14th. They set a “market perform” rating and a $4.60 target price on the stock. TheStreet upgraded Aegon NV from a “c+” rating to a “b” rating in a research note on Friday, August 25th. Finally, Societe Generale cut Aegon NV from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th.
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Aegon NV (NYSE:AEG) traded up 0.17% during mid-day trading on Wednesday, reaching $5.95. 1,929,201 shares of the company’s stock traded hands. The stock has a market cap of $12.16 billion, a P/E ratio of 6.97 and a beta of 1.35. Aegon NV has a 12 month low of $4.16 and a 12 month high of $6.13. The company has a 50 day moving average price of $5.74 and a 200-day moving average price of $5.40.
Aegon NV (NYSE:AEG) last posted its quarterly earnings data 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. The firm had revenue of $9.24 billion for the quarter. Aegon NV had a net margin of 5.18% and a return on equity of 6.73%. On average, analysts anticipate that Aegon NV will post $0.68 EPS for the current year.
Aegon NV announced that its board has approved a share buyback program on Thursday, September 28th that allows the company to buyback 51,860,000 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEG. Tocqueville Asset Management L.P. raised its stake in shares of Aegon NV by 84.1% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 20,389 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 9,312 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Aegon NV by 4.2% during the 2nd quarter. Checchi Capital Advisers LLC now owns 20,744 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 838 shares during the period. Pitcairn Co. raised its stake in shares of Aegon NV by 15.3% during the 2nd quarter. Pitcairn Co. now owns 20,932 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,776 shares during the period. HRT Financial LLC bought a new stake in shares of Aegon NV during the 2nd quarter worth $115,000. Finally, Credit Suisse AG bought a new stake in shares of Aegon NV during the 1st quarter worth $121,000. Institutional investors own 10.56% of the company’s stock.
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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