Aegon NV (NYSE:AEG) Stock Has Consensus Price Target of $10.00 According to Analysts

Aegon NV (NYSE:AEG) has received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $10.00.

Several analysts have issued reports on the company. Citigroup reissued a “buy” rating on shares of Aegon in a report on Tuesday, August 18th. Weiss Ratings raised Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, October 27th. Zacks Research raised Aegon from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. cut Aegon from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 22nd.

Aegon Stock Down 1.8%

Shares of Aegon stock opened at $8.30 on Thursday. Aegon has a one year low of $6.75 and a one year high of $9.61. The stock’s fifty day moving average is $8.64 and its 200 day moving average is $8.32.

Aegon Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 3rd were issued a $0.2455 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a yield of 534.0%. This is a negative change from Aegon’s previous dividend of $0.2469.

Institutional Investors Weigh In On Aegon

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Aegon by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 11,741,711 shares of the financial services provider’s stock worth $85,233,000 after purchasing an additional 901,979 shares during the period. ABC Arbitrage SA raised its position in shares of Aegon by 0.5% during the 1st quarter. ABC Arbitrage SA now owns 2,107,085 shares of the financial services provider’s stock valued at $15,297,000 after purchasing an additional 9,775 shares during the period. Quantinno Capital Management LP raised its position in shares of Aegon by 42.8% during the 1st quarter. Quantinno Capital Management LP now owns 1,735,351 shares of the financial services provider’s stock valued at $12,599,000 after purchasing an additional 520,221 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Aegon by 2.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 619,982 shares of the financial services provider’s stock valued at $5,350,000 after purchasing an additional 14,374 shares during the period. Finally, Transmarket Holdings LP lifted its stake in shares of Aegon by 106.1% during the 1st quarter. Transmarket Holdings LP now owns 665,613 shares of the financial services provider’s stock valued at $4,832,000 after buying an additional 342,704 shares in the last quarter. Institutional investors own 4.32% of the company’s stock.

Aegon Company Profile

Aegon is an international financial services company focused on insurance, retirement and investment products. Its offerings include life and protection insurance, workplace and individual retirement plans, savings products and asset management services.

The company serves customers in the United States, the United Kingdom and other international markets. In the United States, many of its products and services are offered under the Transamerica brand.

Aegon was formed in 1983 through the merger of Dutch insurers AGO and Ennia.