Aegon NV (NYSE:AEG) Stock Has Average Price Target of $10.00 According to Brokerages

Shares of Aegon NV (NYSE:AEG) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.00.

A number of research analysts recently weighed in on the company. Weiss Ratings lowered Aegon from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, October 9th. Zacks Research upgraded Aegon from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Citigroup reissued a “buy” rating on shares of Aegon in a report on Tuesday, August 18th.

Hedge Funds Weigh In On Aegon

A number of large investors have recently made changes to their positions in the stock. Mather Group LLC. acquired a new stake in shares of Aegon in the third quarter valued at about $106,000. Affinity Capital Advisors LLC acquired a new position in Aegon during the third quarter worth about $86,000. Wedmont Private Capital acquired a new position in Aegon during the third quarter worth about $89,000. QRG Capital Management Inc. increased its holdings in Aegon by 23.4% in the second quarter. QRG Capital Management Inc. now owns 51,507 shares of the financial services provider’s stock valued at $435,000 after buying an additional 9,763 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Aegon in the second quarter valued at about $526,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Price Performance

Shares of AEG stock opened at $8.32 on Friday. The stock has a 50 day simple moving average of $8.94 and a 200-day simple moving average of $8.63. Aegon has a 12-month low of $6.75 and a 12-month high of $9.61.

Aegon Cuts Dividend

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

Aegon Company Profile

Aegon Ltd. (NYSE: AEG) is an international financial services company that provides insurance, retirement, and investment solutions. Its offerings include life insurance, protection products, workplace and individual retirement plans, pensions, annuities, and asset management services. The company serves individuals, employers, and institutions through a combination of direct distribution, financial professionals, and workplace programs.

Aegon’s principal operating businesses are concentrated in the United States, where it operates primarily through Transamerica, and in the United Kingdom.