AEGON (AEG) Sets New 12-Month High at $6.41

Shares of AEGON (NYSE:AEG) reached a new 52-week high during trading on Thursday . The stock traded as high as $6.41 and last traded at $6.34, with a volume of 1271500 shares trading hands. The stock had previously closed at $6.34.

Several analysts recently commented on AEG shares. Zacks Investment Research lowered shares of AEGON from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Societe Generale lowered shares of AEGON from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. ValuEngine lowered shares of AEGON from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Sanford C. Bernstein assumed coverage on shares of AEGON in a report on Thursday, September 14th. They set a “market perform” rating and a $4.60 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $5.80.

The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $13,510.00, a price-to-earnings ratio of 6.34 and a beta of 1.42.

AEGON announced that its board has initiated a share buyback plan on Thursday, September 28th that permits the company to buyback 51,860,000 outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Several hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its holdings in shares of AEGON by 6.9% during the third quarter. Parametric Portfolio Associates LLC now owns 3,195,100 shares of the financial services provider’s stock valued at $18,500,000 after acquiring an additional 207,253 shares during the period. Susquehanna International Group LLP acquired a new position in AEGON in the 3rd quarter valued at approximately $308,000. Fieldpoint Private Securities LLC acquired a new position in AEGON in the 3rd quarter valued at approximately $335,000. Cubist Systematic Strategies LLC increased its stake in AEGON by 123.9% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 73,580 shares of the financial services provider’s stock valued at $426,000 after buying an additional 40,717 shares during the period. Finally, AMP Capital Investors Ltd increased its stake in AEGON by 2.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 359,020 shares of the financial services provider’s stock valued at $2,079,000 after buying an additional 9,703 shares during the period. Institutional investors and hedge funds own 10.13% of the company’s stock.

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AEGON Company Profile

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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