Arrowpoint Investment Partners Singapore Pte. Ltd. Has $19.49 Million Holdings in Aegon NV $AEG

Arrowpoint Investment Partners Singapore Pte. Ltd. lifted its position in Aegon NV (NYSE:AEG) by 31.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,527,483 shares of the financial services provider’s stock after acquiring an additional 599,104 shares during the quarter. Aegon makes up about 2.9% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s holdings, making the stock its 11th biggest holding. Arrowpoint Investment Partners Singapore Pte. Ltd.’s holdings in Aegon were worth $19,487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in Aegon by 13.1% during the 4th quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,298 shares during the period. Parallel Advisors LLC boosted its position in shares of Aegon by 8.1% in the third quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock worth $160,000 after buying an additional 1,494 shares during the period. HB Wealth Management LLC grew its holdings in shares of Aegon by 8.8% during the fourth quarter. HB Wealth Management LLC now owns 18,716 shares of the financial services provider’s stock valued at $144,000 after buying an additional 1,517 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Aegon by 2.1% during the first quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider’s stock valued at $507,000 after buying an additional 1,551 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its position in Aegon by 6.4% during the fourth quarter. Personal CFO Solutions LLC now owns 27,653 shares of the financial services provider’s stock valued at $213,000 after buying an additional 1,661 shares during the period. Institutional investors and hedge funds own 4.32% of the company’s stock.

Wall Street Analysts Forecast Growth

AEG has been the subject of several research analyst reports. Weiss Ratings raised Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded Aegon from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Morgan Stanley lowered shares of Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research report on Monday, May 11th. Finally, BNP Paribas Exane initiated coverage on shares of Aegon in a research note on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Aegon currently has an average rating of “Hold” and an average price target of $10.00.

Aegon Stock Up 0.5%

Aegon stock opened at $8.33 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. Aegon NV has a 1-year low of $6.64 and a 1-year high of $8.81. The firm’s fifty day simple moving average is $8.05 and its 200-day simple moving average is $7.73. The company has a market capitalization of $16.70 billion, a P/E ratio of -52.03, a P/E/G ratio of 0.72 and a beta of 0.84.

About Aegon

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.