Aegon (NYSE:AEG) Posts Earnings Results, Misses Expectations By $0.12 EPS

Aegon (NYSE:AEG) released its quarterly earnings results on Thursday. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12), reports. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $7.39 billion.

Aegon Stock Performance

AEG opened at $9.31 on Thursday. Aegon has a 1-year low of $6.75 and a 1-year high of $9.61. The stock has a market cap of $18.69 billion, a P/E ratio of -58.22 and a beta of 0.84. The stock’s 50 day simple moving average is $8.96 and its 200 day simple moving average is $8.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07.

Institutional Trading of Aegon

A number of institutional investors have recently bought and sold shares of AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Aegon in the fourth quarter valued at $33,000. Quantessence Capital LLC purchased a new stake in shares of Aegon in the 4th quarter worth about $78,000. Abel Hall LLC acquired a new stake in Aegon in the 4th quarter valued at about $83,000. Advisors Asset Management Inc. purchased a new position in Aegon during the 4th quarter valued at about $98,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in Aegon during the 4th quarter valued at about $99,000. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AEG shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aegon in a report on Friday, August 7th. Citigroup restated a “buy” rating on shares of Aegon in a research report on Tuesday. Morgan Stanley cut shares of Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Finally, Zacks Research downgraded shares of Aegon from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Aegon has a consensus rating of “Hold” and an average 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.