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

Aegon NV (NYSE:AEG) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $10.00.

AEG has been the topic of several recent research reports. Zacks Research raised Aegon from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Weiss Ratings lowered Aegon from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, September 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of Aegon in a research report on Tuesday, August 18th.

Institutional Trading of Aegon

Several hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new position in Aegon during the 2nd quarter valued at about $526,000. Corient Private Wealth LP raised its holdings in shares of Aegon by 26.1% during the second quarter. Corient Private Wealth LP now owns 80,289 shares of the financial services provider’s stock valued at $680,000 after buying an additional 16,635 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Aegon by 14.4% during the second quarter. HB Wealth Management LLC now owns 22,788 shares of the financial services provider’s stock valued at $192,000 after buying an additional 2,876 shares during the last quarter. Angeles Wealth Management LLC acquired a new position in shares of Aegon during the second quarter worth approximately $87,000. Finally, XY Capital Ltd acquired a new position in shares of Aegon during the second quarter worth approximately $502,000. 4.32% of the stock is currently owned by institutional investors.

Aegon Stock Performance

Shares of NYSE AEG opened at $8.96 on Wednesday. The company has a quick ratio of 0.07, a current ratio of 0.12 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $9.20 and its two-hundred day moving average price is $8.45. Aegon has a 52-week low of $6.75 and a 52-week high of $9.61. The stock has a market capitalization of $17.97 billion, a P/E ratio of -55.97 and a beta of 0.81.

Aegon Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.2455 dividend. This represents a dividend yield of 534.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Aegon’s dividend payout ratio (DPR) is -256.25%.

Aegon Company Profile

Aegon N.V. is an international financial services company headquartered in The Hague, the Netherlands. Through its businesses and partnerships, the company provides life insurance, pensions, retirement solutions, savings and investment products, and asset management services to individuals, employers and institutions.

Aegon serves customers primarily in the Netherlands, the United Kingdom, Spain and Portugal, with additional international investment-management and insurance activities.