UBS Group AG Boosts Stock Position in Aegon NV $AEG

UBS Group AG increased its holdings in Aegon NV (NYSE:AEG) by 24.1% during the 4th quarter, HoldingsChannel reports. The firm owned 2,546,698 shares of the financial services provider’s stock after buying an additional 494,065 shares during the period. UBS Group AG’s holdings in Aegon were worth $19,635,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. CWM LLC grew its stake in shares of Aegon by 87.2% in the 3rd quarter. CWM LLC now owns 5,767 shares of the financial services provider’s stock worth $46,000 after buying an additional 2,687 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Aegon by 299.5% during the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 5,555 shares during the last quarter. Wedmont Private Capital bought a new stake in Aegon during the fourth quarter worth approximately $80,000. AlphaCore Capital LLC purchased a new stake in Aegon during the third quarter valued at approximately $81,000. Finally, Sowell Financial Services LLC bought a new stake in shares of Aegon in the 4th quarter valued at approximately $85,000. Institutional investors own 4.32% of the company’s stock.

Aegon Stock Up 1.3%

Shares of NYSE AEG opened at $8.42 on Tuesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $16.88 billion, a PE ratio of -52.59, a price-to-earnings-growth ratio of 0.87 and a beta of 0.85. The stock’s fifty day simple moving average is $7.53 and its two-hundred day simple moving average is $7.62. Aegon NV has a 12-month low of $6.64 and a 12-month high of $8.48.

Aegon Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a dividend of $0.2469 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a yield of 671.0%. Aegon’s dividend payout ratio (DPR) is presently -237.50%.

Wall Street Analysts Forecast Growth

AEG has been the topic of several research analyst reports. Wall Street Zen cut Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings cut Aegon from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, March 9th. Citigroup restated a “buy” rating on shares of Aegon in a research note on Monday. Finally, BNP Paribas Exane began coverage on Aegon in a report on Tuesday, April 7th. They issued an “outperform” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Aegon has a consensus rating of “Moderate Buy” 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.