Aegon NV (NYSE:AEG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Aegon NV (NYSE:AEG) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company.

Several research analysts have recently commented on AEG shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Aegon in a research note on Wednesday, January 7th. They set a “hold” rating on the stock. Weiss Ratings upgraded Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of Aegon in a research report on Friday, January 9th. UBS Group lowered Aegon from a “buy” rating to a “neutral” rating in a report on Wednesday, December 3rd. Finally, Wall Street Zen downgraded Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st.

Aegon Stock Performance

Shares of AEG opened at $7.50 on Friday. The firm has a market cap of $15.04 billion, a PE ratio of -46.84, a PEG ratio of 0.21 and a beta of 0.79. The firm’s 50 day moving average price is $7.70 and its 200 day moving average price is $7.68. Aegon has a twelve month low of $5.42 and a twelve month high of $8.15.

Aegon Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Aegon during the fourth quarter valued at about $33,000. CWM LLC increased its stake in shares of Aegon by 87.2% in the third quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 2,687 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Aegon by 299.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 5,555 shares during the last quarter. Independence Bank of Kentucky acquired a new position in shares of Aegon during the 3rd quarter worth about $64,000. Finally, Quantessence Capital LLC bought a new stake in Aegon during the 4th quarter valued at approximately $78,000. Institutional investors own 4.32% of the company’s stock.

Aegon Company Profile

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.