StockNews.com Begins Coverage on Aegon (NYSE:AEG)

StockNews.com assumed coverage on shares of Aegon (NYSE:AEG – Get Rating) in a report published on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on AEG. Barclays raised their price objective on Aegon from €5.30 ($5.70) to €5.50 ($5.91) in a report on Tuesday, November 22nd. UBS Group raised Aegon from a neutral rating to a buy rating in a report on Thursday, January 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Aegon has an average rating of Hold and an average target price of $5.15.

Aegon Price Performance

Shares of NYSE AEG opened at $4.10 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.09 and a quick ratio of 0.09. Aegon has a 1-year low of $3.76 and a 1-year high of $5.89. The stock’s 50-day moving average is $5.24 and its 200 day moving average is $4.83.

Aegon Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, June 29th. Shareholders of record on Tuesday, May 30th will be paid a $0.1288 dividend. This is a boost from Aegon’s previous semi-annual dividend of $0.10. This represents a yield of 3.6%. The ex-dividend date is Friday, May 26th.

Hedge Funds Weigh In On Aegon

A number of large investors have recently bought and sold shares of the stock. Baker Tilly Wealth Management LLC increased its stake in Aegon by 15.2% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 14,381 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 1,893 shares during the period. Veriti Management LLC increased its stake in shares of Aegon by 4.4% during the fourth quarter. Veriti Management LLC now owns 54,875 shares of the financial services provider’s stock valued at $277,000 after buying an additional 2,313 shares during the period. Greenleaf Trust increased its stake in shares of Aegon by 1.6% during the fourth quarter. Greenleaf Trust now owns 170,100 shares of the financial services provider’s stock valued at $857,000 after buying an additional 2,607 shares during the period. Signaturefd LLC increased its stake in shares of Aegon by 2.8% during the third quarter. Signaturefd LLC now owns 97,497 shares of the financial services provider’s stock valued at $386,000 after buying an additional 2,671 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Aegon by 7.9% during the fourth quarter. Cerity Partners LLC now owns 38,459 shares of the financial services provider’s stock valued at $194,000 after buying an additional 2,825 shares during the period. 19.30% of the stock is owned by hedge funds and other institutional investors.

Aegon Company Profile

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Aegon NV is an international financial services company, which engages in the provision of investment, protection, and retirement solutions. It operates through the following segments: Americas, The Netherlands, United Kingdom, International, Asset Management, and Holding and Other Activities. The Americas segment covers business units in the United States and Brazil, including any of the units’ activities located outside these countries.