Private Management Group Inc. Has $37.37 Million Position in Aegon NV (AEG)

Private Management Group Inc. lowered its holdings in shares of Aegon NV (NYSE:AEG) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,453,572 shares of the financial services provider’s stock after selling 36,689 shares during the quarter. Aegon NV makes up 2.0% of Private Management Group Inc.’s holdings, making the stock its 11th largest position. Private Management Group Inc. owned about 0.32% of Aegon NV worth $37,366,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AEG. UBS Group AG boosted its position in Aegon NV by 11.0% during the first quarter. UBS Group AG now owns 201,302 shares of the financial services provider’s stock worth $1,033,000 after purchasing an additional 20,028 shares in the last quarter. Renaissance Technologies LLC boosted its position in Aegon NV by 36.5% during the first quarter. Renaissance Technologies LLC now owns 390,648 shares of the financial services provider’s stock worth $2,004,000 after purchasing an additional 104,500 shares in the last quarter. Credit Suisse AG purchased a new position in Aegon NV during the first quarter worth approximately $121,000. Bank of Montreal Can boosted its position in Aegon NV by 82.2% during the second quarter. Bank of Montreal Can now owns 376,568 shares of the financial services provider’s stock worth $1,925,000 after purchasing an additional 169,872 shares in the last quarter. Finally, Creative Planning boosted its position in Aegon NV by 49.6% during the second quarter. Creative Planning now owns 24,800 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 8,223 shares in the last quarter. Institutional investors own 10.42% of the company’s stock.

A number of brokerages have issued reports on AEG. BidaskClub upgraded Aegon NV from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Aegon NV from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Societe Generale downgraded Aegon NV from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. TheStreet upgraded Aegon NV from a “c+” rating to a “b” rating in a research report on Friday, August 25th. Finally, Sanford C. Bernstein initiated coverage on Aegon NV in a research report on Thursday, September 14th. They issued a “market perform” rating and a $4.60 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $5.43.

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Aegon NV (NYSE:AEG) traded up $0.01 during trading hours on Wednesday, hitting $5.97. The company had a trading volume of 1,161,900 shares, compared to its average volume of 2,156,622. Aegon NV has a 12-month low of $4.73 and a 12-month high of $6.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market capitalization of $12,158.40, a PE ratio of 6.85 and a beta of 1.42.

Aegon NV announced that its board has approved a stock repurchase plan on Thursday, September 28th that authorizes the company to repurchase 51,860,000 shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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.

Institutional Ownership by Quarter for Aegon NV (NYSE:AEG)

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