Brokerages Set Aegon NV (NYSE:AEG) Target Price at $10.00

Shares of Aegon NV (NYSE:AEG) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several research firms have recently weighed in on AEG. Citigroup reiterated a “buy” rating on shares of Aegon in a research note on Tuesday, August 18th. Morgan Stanley cut shares of Aegon from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aegon in a report on Friday, August 7th. Finally, Zacks Research lowered shares of Aegon from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th.

Hedge Funds Weigh In On Aegon

Several hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in Aegon by 8.7% during the 1st quarter. Blue Trust Inc. now owns 16,213 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,292 shares in the last quarter. Allworth Financial LP boosted its stake in Aegon by 13.1% in the 4th quarter. Allworth Financial LP now owns 11,192 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,298 shares during the period. Bank of New York Mellon Corp grew its holdings in Aegon by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 117,882 shares of the financial services provider’s stock valued at $856,000 after buying an additional 1,311 shares in the last quarter. Parallel Advisors LLC grew its holdings in Aegon by 8.1% during the 3rd quarter. Parallel Advisors LLC now owns 20,041 shares of the financial services provider’s stock valued at $160,000 after buying an additional 1,494 shares in the last quarter. Finally, Earned Wealth Advisors LLC increased its position in shares of Aegon by 14.6% during the first quarter. Earned Wealth Advisors LLC now owns 11,871 shares of the financial services provider’s stock valued at $86,000 after buying an additional 1,508 shares during the period. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

Aegon Trading Up 2.3%

Shares of Aegon stock opened at $9.20 on Friday. Aegon has a 52-week low of $6.75 and a 52-week high of $9.61. The stock’s 50-day simple moving average is $8.99 and its 200 day simple moving average is $8.22. The stock has a market capitalization of $18.45 billion, a P/E ratio of -57.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.12.

Aegon Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.2455 per share. The ex-dividend date is Thursday, September 3rd. This represents a dividend yield of 544.0%. Aegon’s dividend payout ratio is currently -256.25%.

Aegon Company Profile

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.