Aegon (NYSE:AEG) Announces Stock Buyback Plan

Aegon (NYSE:AEG) announced that its Board of Directors has initiated a share buyback plan on Friday, May 16th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AEG shares. BNP Paribas Exane raised shares of Aegon from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 7th. StockNews.com cut shares of Aegon from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Finally, BNP Paribas raised shares of Aegon from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 7th.

Aegon Stock Performance

AEG opened at $6.92 on Monday. The business’s 50-day simple moving average is $6.40 and its 200-day simple moving average is $6.33. The company has a market cap of $15.24 billion, a P/E ratio of 7.20 and a beta of 0.91. Aegon has a one year low of $5.42 and a one year high of $6.99.

Aegon Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 17th will be paid a $0.1992 dividend. This represents a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 17th. This is an increase from Aegon’s previous semi-annual dividend of $0.17. Aegon’s dividend payout ratio is currently 34.38%.

About Aegon

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the United States, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, mutual funds, and stable value solutions; residential mortgage and digital baking services; and retail and institutional investment management solutions and retirement savings vehicles and strategies.