Aegon NV (AEG) Trading Up -2.6%
Aegon NV (NYSE:AEG) shares were up 2.6% on Friday . The company traded as high as $6.21 and last traded at $6.05. Approximately 1,244,358 shares were traded during trading, a decline of 72% from the average daily volume of 4,420,000 shares. The stock had previously closed at $6.21.
A number of research analysts have weighed in on AEG shares. TheStreet raised shares of Aegon NV from a “c+” rating to a “b” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of Aegon NV from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Thursday, August 3rd. BidaskClub raised shares of Aegon NV from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Societe Generale lowered shares of Aegon NV from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Sanford C. Bernstein started coverage on shares of Aegon NV in a research report on Thursday, September 14th. They set a “market perform” rating and a $4.60 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Aegon NV presently has an average rating of “Hold” and a consensus price target of $5.28.
The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.65. The firm has a market cap of $12,700.00, a price-to-earnings ratio of 6.65 and a beta of 1.40.
Aegon NV (NYSE:AEG) last posted its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.13. Aegon NV had a net margin of 5.18% and a return on equity of 6.73%. The company had revenue of $9.24 billion for the quarter. analysts expect that Aegon NV will post 0.71 earnings per share for the current year.
Aegon NV declared that its board has initiated a stock 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 reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
Several large investors have recently bought and sold shares of the company. Cambiar Investors LLC increased its holdings in shares of Aegon NV by 3.6% during the 2nd quarter. Cambiar Investors LLC now owns 23,655,885 shares of the financial services provider’s stock worth $120,882,000 after purchasing an additional 831,264 shares during the period. Brandes Investment Partners LP increased its holdings in shares of Aegon NV by 4.4% during the 2nd quarter. Brandes Investment Partners LP now owns 12,565,352 shares of the financial services provider’s stock worth $64,209,000 after purchasing an additional 525,598 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Aegon NV by 25.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,935 shares of the financial services provider’s stock worth $42,397,000 after purchasing an additional 1,690,800 shares during the period. Private Management Group Inc. increased its holdings in shares of Aegon NV by 1.6% during the 2nd quarter. Private Management Group Inc. now owns 6,490,261 shares of the financial services provider’s stock worth $33,165,000 after purchasing an additional 104,009 shares during the period. Finally, Aperio Group LLC increased its holdings in shares of Aegon NV by 5.3% during the 3rd quarter. Aperio Group LLC now owns 1,389,519 shares of the financial services provider’s stock worth $8,045,000 after purchasing an additional 70,475 shares during the period. Institutional investors own 10.57% of the company’s stock.
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About Aegon NV
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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