Aegon (NYSE:AEG) Receives Average Rating of “Hold” from Analysts

Aegon (NYSE:AEGGet Rating) has received an average recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $5.09.

A number of equities research analysts have issued reports on the company. BNP Paribas cut Aegon from a “neutral” rating to an “underperform” rating and set a $4.70 target price on the stock. in a research note on Tuesday, July 5th. Barclays raised their target price on Aegon from €5.00 ($5.10) to €5.30 ($5.41) and gave the company an “equal weight” rating in a research note on Tuesday, June 7th. Societe Generale upgraded Aegon from a “hold” rating to a “buy” rating in a research note on Tuesday, September 13th. Exane BNP Paribas cut Aegon from a “neutral” rating to an “underperform” rating and set a €4.70 ($4.80) target price on the stock. in a research note on Tuesday, July 5th. Finally, Morgan Stanley cut their target price on Aegon from €5.40 ($5.51) to €5.30 ($5.41) and set an “equal weight” rating on the stock in a research note on Tuesday, July 19th.

Aegon Stock Up 1.3 %

Shares of AEG opened at $4.71 on Thursday. The business’s fifty day moving average price is $4.47 and its 200 day moving average price is $4.82. Aegon has a 12-month low of $3.89 and a 12-month high of $6.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.08 and a current ratio of 0.08.

Aegon Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 24th will be issued a dividend of $0.096 per share. This represents a dividend yield of 3.5%. This is a positive change from Aegon’s previous semi-annual dividend of $0.09. The ex-dividend date is Tuesday, August 23rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Clear Street Markets LLC acquired a new position in Aegon during the second quarter worth about $26,000. Ronald Blue Trust Inc. acquired a new position in Aegon during the second quarter worth about $38,000. Freestone Capital Holdings LLC acquired a new position in Aegon during the fourth quarter worth about $50,000. JPMorgan Chase & Co. grew its holdings in Aegon by 44.5% during the first quarter. JPMorgan Chase & Co. now owns 10,277 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 3,167 shares during the period. Finally, Baker Tilly Wealth Management LLC acquired a new position in Aegon during the second quarter worth about $47,000. 7.76% of the stock is owned by institutional investors and hedge funds.

About Aegon

(Get Rating)

Aegon N.V. provides insurance, pensions, and asset management services in the Americas, the Netherlands, and the United Kingdom. The company offers life, accident, and health insurance; savings, pension, annuities, and mutual funds; property and casualty insurance; retirement plans and individual retirement accounts; voluntary employee benefits; and stable value solutions.

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Analyst Recommendations for Aegon (NYSE:AEG)

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