Aegon NV (AEG) Holdings Cut by Envestnet Asset Management Inc.
Envestnet Asset Management Inc. lessened its holdings in Aegon NV (NYSE:AEG) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 831,199 shares of the financial services provider’s stock after selling 38,252 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Aegon were worth $4,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Brandes Investment Partners LP grew its stake in Aegon by 4.4% in the 2nd quarter. Brandes Investment Partners LP now owns 12,565,352 shares of the financial services provider’s stock valued at $64,209,000 after purchasing an additional 525,598 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Aegon by 25.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,935 shares of the financial services provider’s stock valued at $42,397,000 after purchasing an additional 1,690,800 shares during the period. Private Management Group Inc. grew its stake in Aegon by 1.6% in the 2nd quarter. Private Management Group Inc. now owns 6,490,261 shares of the financial services provider’s stock valued at $33,165,000 after purchasing an additional 104,009 shares during the period. Aperio Group LLC grew its stake in Aegon by 5.3% in the 3rd quarter. Aperio Group LLC now owns 1,389,519 shares of the financial services provider’s stock valued at $8,045,000 after purchasing an additional 70,475 shares during the period. Finally, Royal Bank of Canada grew its stake in Aegon by 11.3% in the 2nd quarter. Royal Bank of Canada now owns 1,166,689 shares of the financial services provider’s stock valued at $5,961,000 after purchasing an additional 118,696 shares during the period. Hedge funds and other institutional investors own 10.15% of the company’s stock.
A number of research analysts have issued reports on the company. ValuEngine downgraded Aegon from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised Aegon from a “sell” rating to a “hold” rating in a research report on Thursday, November 23rd. Sanford C. Bernstein assumed coverage on Aegon in a research report on Thursday, September 14th. They set a “market perform” rating and a $4.60 price target on the stock. Societe Generale cut Aegon from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, TheStreet raised Aegon from a “c+” rating to a “b” rating in a research report on Friday, August 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Aegon presently has a consensus rating of “Hold” and an average price target of $5.43.
Shares of Aegon NV (NYSE AEG) traded up $0.07 on Friday, reaching $6.19. The company had a trading volume of 1,606,452 shares, compared to its average volume of 1,883,666. The stock has a market cap of $12,627.60, a PE ratio of 7.11 and a beta of 1.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.10 and a quick ratio of 0.10. Aegon NV has a twelve month low of $4.73 and a twelve month high of $6.24.
Aegon announced that its Board of Directors has initiated a share repurchase program on Thursday, September 28th that authorizes the company to buyback 51,860,000 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
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Aegon 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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