Teachers Retirement System of The State of Kentucky bought a new position in shares of Aegon NV (NYSE:AEG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 588,200 shares of the financial services provider’s stock, valued at approximately $3,006,000.

Other hedge funds have also recently modified their holdings of the company. Tocqueville Asset Management L.P. raised its stake in Aegon NV by 84.1% during the second quarter. Tocqueville Asset Management L.P. now owns 20,389 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 9,312 shares during the period. Checchi Capital Advisers LLC raised its stake in Aegon NV by 4.2% during the second quarter. Checchi Capital Advisers LLC now owns 20,744 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 838 shares during the period. Pitcairn Co. raised its stake in Aegon NV by 15.3% during the second quarter. Pitcairn Co. now owns 20,932 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,776 shares during the period. HRT Financial LLC purchased a new position in Aegon NV during the second quarter worth about $115,000. Finally, Credit Suisse AG purchased a new position in Aegon NV during the first quarter worth about $121,000. 10.56% of the stock is currently owned by institutional investors.

Shares of Aegon NV (AEG) opened at 5.79 on Friday. The stock has a market capitalization of $11.84 billion, a P/E ratio of 6.78 and a beta of 1.35. Aegon NV has a 1-year low of $3.76 and a 1-year high of $6.06. The stock has a 50 day moving average of $5.74 and a 200-day moving average of $5.34.

Aegon NV (NYSE:AEG) last released its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.13. Aegon NV had a net margin of 5.18% and a return on equity of 6.73%. The company had revenue of $9.24 billion for the quarter. Equities research analysts predict that Aegon NV will post $0.68 earnings per share for the current fiscal year.

Aegon NV announced that its board has initiated a stock buyback program on Thursday, September 28th that authorizes the company to repurchase 51,860,000 outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

The company also recently declared a semiannual dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were paid a dividend of $0.1522 per share. This is a boost from Aegon NV’s previous semiannual dividend of $0.12. This represents a dividend yield of 5.23%. The ex-dividend date was Thursday, August 17th. Aegon NV’s dividend payout ratio (DPR) is currently 27.47%.

A number of equities analysts have commented on the stock. BidaskClub raised shares of Aegon NV from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of Aegon NV from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Societe Generale downgraded shares of Aegon NV from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. TheStreet raised shares of Aegon NV from a “c+” rating to a “b” rating in a research note on Friday, August 25th. Finally, Sanford C. Bernstein assumed coverage on shares of Aegon NV in a research note on Thursday, September 14th. They set a “market perform” rating and a $4.60 target price on the stock. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Aegon NV presently has an average rating of “Hold” and a consensus price target of $5.28.

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Aegon NV 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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Institutional Ownership by Quarter for Aegon NV (NYSE:AEG)

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