Sequoia Financial Advisors LLC Purchases 1,440 Shares of Aegon NV $AEG

Sequoia Financial Advisors LLC grew its position in Aegon NV (NYSE:AEG) by 6.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,576 shares of the financial services provider’s stock after purchasing an additional 1,440 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Aegon were worth $171,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in shares of Aegon by 526.8% in the 1st quarter. Bessemer Group Inc. now owns 4,325 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 3,635 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Aegon by 27.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 170,827 shares of the financial services provider’s stock worth $1,126,000 after acquiring an additional 36,511 shares in the last quarter. Wellington Management Group LLP boosted its stake in Aegon by 13.8% during the first quarter. Wellington Management Group LLP now owns 4,801,133 shares of the financial services provider’s stock worth $31,639,000 after acquiring an additional 582,622 shares in the last quarter. Todd Asset Management LLC bought a new position in Aegon during the first quarter worth $3,615,000. Finally, FORA Capital LLC bought a new position in Aegon during the first quarter worth $411,000. 4.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AEG. Weiss Ratings reissued a “buy (b+)” rating on shares of Aegon in a research note on Wednesday, October 8th. Zacks Research raised shares of Aegon from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Wall Street Zen raised shares of Aegon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Aegon Trading Up 0.9%

Aegon stock opened at $7.41 on Friday. Aegon NV has a 1-year low of $5.42 and a 1-year high of $8.15. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.23 and a beta of 0.97. The firm’s fifty day moving average price is $7.72 and its two-hundred day moving average price is $7.16.

Aegon Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were paid a $0.1876 dividend. This represents a dividend yield of 584.0%. The ex-dividend date of this dividend was Thursday, September 4th. Aegon’s dividend payout ratio (DPR) is 38.54%.

Aegon Company Profile

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the United States, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, mutual funds, and stable value solutions; residential mortgage and digital baking services; and retail and institutional investment management solutions and retirement savings vehicles and strategies.