Zacks Investment Research cut shares of Aegon NV (NYSE:AEG) from a hold rating to a sell rating in a research note released on Tuesday.

According to Zacks, “Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. The Company’s other lines of business include property and casualty insurance and financial services. “

Other research analysts have also recently issued reports about the company. TheStreet upgraded Aegon NV from a c+ rating to a b rating in a research note on Friday, August 25th. BidaskClub upgraded Aegon NV from a hold rating to a buy rating in a research note on Thursday, August 3rd. Societe Generale cut Aegon NV from a buy rating to a hold rating in a research note on Wednesday, September 13th. Finally, Sanford C. Bernstein initiated coverage on Aegon NV in a research note on Thursday, September 14th. They issued a market perform rating and a $4.60 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Aegon NV currently has a consensus rating of Hold and a consensus price target of $5.28.

Aegon NV (AEG) opened at 5.52 on Tuesday. The firm has a 50-day moving average price of $5.74 and a 200-day moving average price of $5.35. Aegon NV has a 12-month low of $4.00 and a 12-month high of $6.06. The stock has a market cap of $11.28 billion, a PE ratio of 6.46 and a beta of 1.35.

Aegon NV (NYSE:AEG) last announced its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.13. Aegon NV had a return on equity of 6.73% and a net margin of 5.18%. The company had revenue of $9.24 billion during the quarter. Analysts forecast that Aegon NV will post $0.68 EPS for the current fiscal year.

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The business also recently announced a semiannual dividend, which was paid on Friday, September 15th. Investors of record on Monday, August 21st were given a dividend of $0.1522 per share. This is a positive change from Aegon NV’s previous semiannual dividend of $0.12. This represents a yield of 5.23%. The ex-dividend date of this dividend was Thursday, August 17th. Aegon NV’s dividend payout ratio (DPR) is currently 27.47%.

Aegon NV declared that its Board of Directors has initiated a stock buyback program on Thursday, September 28th that authorizes the company to buyback 51,860,000 shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

A number of large investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its position in 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 last quarter. Royal Bank of Canada raised its position in Aegon NV by 11.3% during the 2nd quarter. Royal Bank of Canada now owns 1,166,689 shares of the financial services provider’s stock worth $5,961,000 after purchasing an additional 118,696 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Aegon NV by 16.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,040,121 shares of the financial services provider’s stock worth $5,315,000 after purchasing an additional 146,640 shares during the last quarter. HighTower Advisors LLC raised its position in Aegon NV by 6.9% during the 2nd quarter. HighTower Advisors LLC now owns 192,876 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 12,386 shares during the last quarter. Finally, Veritable L.P. bought a new position in Aegon NV during the 2nd quarter worth $733,000. 10.56% of the stock is owned by institutional investors and hedge funds.

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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