XY Capital Ltd Buys New Position in Aegon NV $AEG

XY Capital Ltd purchased a new stake in Aegon NV (NYSE:AEG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 59,500 shares of the financial services provider’s stock, valued at approximately $502,000. Aegon comprises 0.5% of XY Capital Ltd’s holdings, making the stock its 24th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of Aegon by 306.1% during the second quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock worth $44,667,000 after acquiring an additional 4,650,272 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Aegon by 27.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,869,198 shares of the financial services provider’s stock valued at $78,853,000 after purchasing an additional 2,127,932 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Aegon by 46,430.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,207,468 shares of the financial services provider’s stock worth $9,648,000 after purchasing an additional 1,204,873 shares in the last quarter. Marshall Wace LLP acquired a new stake in Aegon in the 2nd quarter worth approximately $8,022,000. Finally, Ameriprise Financial Inc. grew its position in Aegon by 923.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 997,035 shares of the financial services provider’s stock worth $7,225,000 after purchasing an additional 899,662 shares during the last quarter. Institutional investors and hedge funds own 4.32% of the company’s stock.

Aegon Price Performance

Shares of NYSE AEG opened at $9.14 on Friday. Aegon NV has a 52 week low of $6.75 and a 52 week high of $9.61. The business’s 50 day moving average price is $9.11 and its 200 day moving average price is $8.31. The company has a quick ratio of 0.07, a current ratio of 0.12 and a debt-to-equity ratio of 0.42. The firm has a market cap of $18.34 billion, a P/E ratio of -57.12 and a beta of 0.81.

Aegon Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a $0.2455 dividend. This represents a dividend yield of 534.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Aegon’s dividend payout ratio is -256.25%.

Analysts Set New Price Targets

AEG has been the topic of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of Aegon in a research note on Tuesday, August 18th. Weiss Ratings upgraded shares of Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, August 24th. Zacks Research raised shares of Aegon from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Morgan Stanley downgraded Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Aegon presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

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.