Aegon NV (AEG) Position Boosted by Wrapmanager Inc.
Wrapmanager Inc. raised its stake in shares of Aegon NV (NYSE:AEG) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 74,543 shares of the financial services provider’s stock after buying an additional 1,523 shares during the period. Wrapmanager Inc.’s holdings in Aegon NV were worth $381,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of AEG. Eagle Global Advisors LLC acquired a new stake in Aegon NV during the first quarter valued at approximately $4,763,000. Cambiar Investors LLC boosted 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 in the last quarter. Bank of America Corp DE boosted its stake in 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 valued at $39,392,000 after buying an additional 655,791 shares in the last quarter. Brandes Investment Partners LP boosted its stake in 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 valued at $61,764,000 after buying an additional 609,480 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Aegon NV during the first quarter valued at approximately $1,552,000. 10.28% of the stock is owned by institutional investors and hedge funds.
Aegon NV (NYSE:AEG) opened at 5.87 on Tuesday. Aegon NV has a 1-year low of $3.70 and a 1-year high of $6.03. The stock has a market capitalization of $12.94 billion, a P/E ratio of 6.98 and a beta of 1.39. The company has a 50-day moving average price of $5.45 and a 200 day moving average price of $5.29.
Aegon NV (NYSE:AEG) last released its earnings results on Thursday, August 10th. The financial services provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.13. The firm had revenue of $9.24 billion during the quarter. Aegon NV had a return on equity of 6.69% and a net margin of 5.18%. On average, equities analysts predict that Aegon NV will post $0.68 EPS for the current year.
The company also recently announced a semiannual dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be given a $0.1522 dividend. This represents a yield of 5.23%. This is an increase from Aegon NV’s previous semiannual dividend of $0.12. The ex-dividend date of this dividend is Thursday, August 17th. Aegon NV’s dividend payout ratio is 26.37%.
AEG has been the subject of several recent analyst reports. Zacks Investment Research cut Aegon NV from a “hold” rating to a “sell” rating in a report on Friday, May 12th. BidaskClub raised Aegon NV from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Finally, TheStreet cut Aegon NV from a “b-” rating to a “c” rating in a report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Aegon NV has a consensus rating of “Hold” and an average price target of $5.63.
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.
Want to see what other hedge funds are holding AEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aegon NV (NYSE:AEG).
Receive News & Ratings for Aegon NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegon NV and related companies with Analyst Ratings Network's FREE daily email newsletter.