Aegon (NYSE:AEG) Releases Earnings Results, Misses Expectations By $0.12 EPS

Aegon (NYSE:AEG) announced its quarterly earnings data on Thursday. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12), reports. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $7.39 billion.

Aegon Stock Down 1.0%

NYSE:AEG opened at $9.31 on Thursday. Aegon has a 52 week low of $6.75 and a 52 week high of $9.61. The stock’s fifty day moving average is $8.96 and its two-hundred day moving average is $8.20. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of -58.22 and a beta of 0.84. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.36.

Institutional Trading of Aegon

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its position in Aegon by 306.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock valued at $44,667,000 after buying an additional 4,650,272 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Aegon by 27.5% during the third quarter. Dimensional Fund Advisors LP now owns 9,869,198 shares of the financial services provider’s stock worth $78,853,000 after acquiring an additional 2,127,932 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Aegon by 46,430.6% during the third quarter. Tower Research Capital LLC TRC now owns 1,207,468 shares of the financial services provider’s stock worth $9,648,000 after acquiring an additional 1,204,873 shares during the period. Marshall Wace LLP acquired a new stake in shares of Aegon in the second quarter valued at $8,022,000. Finally, Ameriprise Financial Inc. boosted its holdings in Aegon by 923.9% in the second quarter. Ameriprise Financial Inc. now owns 997,035 shares of the financial services provider’s stock valued at $7,225,000 after purchasing an additional 899,662 shares during the period. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AEG. Citigroup restated a “buy” rating on shares of Aegon in a report on Tuesday. Morgan Stanley downgraded Aegon from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 15th. Zacks Research cut Aegon from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Aegon in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Aegon currently has an average rating of “Hold” and a consensus price target of $10.00.

About Aegon

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.