Aegon NV (AEG) – What Are Researchers Thinking About This Stock?

Shares of Aegon NV (NYSE:AEG) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $10.00.

Several analysts have recently issued reports on AEG shares. Zacks Research upgraded Aegon from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Citigroup restated a “buy” rating on shares of Aegon in a report on Tuesday, August 18th. JPMorgan Chase & Co. cut shares of Aegon from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 22nd. Finally, Weiss Ratings upgraded shares of Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, October 27th.

Aegon Stock Performance

Shares of AEG opened at $8.60 on Thursday. The firm’s 50-day moving average is $8.62 and its two-hundred day moving average is $8.32. Aegon has a twelve month low of $6.75 and a twelve month high of $9.61.

Aegon Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 3rd were issued a $0.2455 dividend. The ex-dividend date was Thursday, September 3rd. This represents a yield of 534.0%. This is a decrease from Aegon’s previous dividend of $0.2469.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Provenance Wealth Advisors LLC purchased a new stake in shares of Aegon in the third quarter worth about $28,000. Pathway Financial Advisers LLC acquired a new position in Aegon during the 3rd quarter worth approximately $31,000. Eastern Bank acquired a new position in Aegon during the 2nd quarter worth approximately $55,000. Sanctuary Advisors LLC acquired a new position in Aegon during the 1st quarter worth approximately $82,000. Finally, Keebeck Wealth Management purchased a new position in Aegon in the 1st quarter worth approximately $84,000. 4.32% of the stock is owned by hedge funds and other institutional investors.

About Aegon

Aegon is an international financial services company focused on insurance, retirement and investment products. Its offerings include life and protection insurance, workplace and individual retirement plans, savings products and asset management services.

The company serves customers in the United States, the United Kingdom and other international markets. In the United States, many of its products and services are offered under the Transamerica brand.

Aegon was formed in 1983 through the merger of Dutch insurers AGO and Ennia.