Mainstay Capital Management LLC ADV Acquires New Stake in Aegon NV $AEG

Mainstay Capital Management LLC ADV bought a new position in shares of Aegon NV (NYSE:AEG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 260,042 shares of the financial services provider’s stock, valued at approximately $2,078,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Aegon by 2.1% during the first quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 1,551 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Aegon by 16.3% in the first quarter. AQR Capital Management LLC now owns 75,569 shares of the financial services provider’s stock valued at $498,000 after acquiring an additional 10,591 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Aegon by 20.0% in the first quarter. Acadian Asset Management LLC now owns 142,277 shares of the financial services provider’s stock valued at $936,000 after acquiring an additional 23,670 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Aegon during the 2nd quarter valued at approximately $165,000. Finally, Envestnet Asset Management Inc. increased its position in Aegon by 11.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 256,590 shares of the financial services provider’s stock valued at $1,858,000 after purchasing an additional 27,256 shares during the period. 4.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Aegon from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, March 9th. Morgan Stanley reiterated an “overweight” rating on shares of Aegon in a research report on Friday, January 9th. Wall Street Zen downgraded shares of Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Aegon in a report on Wednesday, January 7th. They issued a “hold” rating on the stock. Finally, UBS Group cut shares of Aegon from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Aegon has a consensus rating of “Moderate Buy”.

Aegon Stock Performance

Shares of AEG opened at $6.96 on Thursday. The firm has a market cap of $13.96 billion, a PE ratio of -43.49, a price-to-earnings-growth ratio of 0.44 and a beta of 0.78. Aegon NV has a 52-week low of $5.42 and a 52-week high of $8.15. The business’s 50 day moving average price is $7.52 and its two-hundred day moving average price is $7.63.

Aegon Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid a $0.2469 dividend. The ex-dividend date is Monday, June 15th. This represents a dividend yield of 671.0%. Aegon’s payout ratio is currently -237.50%.

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.