Aegon NV (AEG) Hits New 1-Year High on Earnings Beat
Aegon NV (NYSE:AEG) hit a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $5.95 and last traded at $5.96, with a volume of 2,599,712 shares traded. The stock had previously closed at $5.67.
The financial services provider reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.13. Aegon NV had a return on equity of 6.30% and a net margin of 2.38%.
AEG has been the topic of several analyst reports. Zacks Investment Research lowered shares of Aegon NV from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub raised shares of Aegon NV from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, TheStreet lowered shares of Aegon NV from a “b-” rating to a “c” rating in a research report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $5.63.
Several hedge funds have recently added to or reduced their stakes in the stock. Eagle Global Advisors LLC purchased a new stake in Aegon NV during the first quarter valued at approximately $4,763,000. Cambiar Investors LLC raised its stake in Aegon NV by 3.6% in the second quarter. Cambiar Investors LLC now owns 23,655,885 shares of the financial services provider’s stock valued at $120,882,000 after buying an additional 831,264 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Aegon NV by 9.3% in the first quarter. Bank of America Corp DE now owns 7,678,817 shares of the financial services provider’s stock worth $39,392,000 after buying an additional 655,791 shares during the last quarter. Brandes Investment Partners LP raised its stake in shares of Aegon NV by 5.3% in the first quarter. Brandes Investment Partners LP now owns 12,039,754 shares of the financial services provider’s stock worth $61,764,000 after buying an additional 609,480 shares during the last quarter. Finally, Todd Asset Management LLC purchased a new stake in shares of Aegon NV during the second quarter worth about $3,006,000. 10.33% of the stock is currently owned by hedge funds and other institutional investors.
The stock has a market cap of $12.18 billion, a P/E ratio of 19.20 and a beta of 1.39. The stock’s 50 day moving average price is $5.36 and its 200 day moving average price is $5.28.
Aegon NV Company 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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