Short Interest in Aegon NV (AEG) Expands By 102.4%
Aegon NV (NYSE:AEG) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 4,107,963 shares, a growth of 102.4% from the August 31st total of 2,029,570 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,410,474 shares, the days-to-cover ratio is presently 1.7 days.
Shares of Aegon NV (NYSE:AEG) opened at 4.10 on Thursday. Aegon NV has a 52 week low of $3.36 and a 52 week high of $6.38. The stock’s 50 day moving average price is $3.95 and its 200-day moving average price is $4.60. The firm’s market capitalization is $8.42 billion.
The business also recently disclosed a dividend, which was paid on Friday, September 16th. Investors of record on Monday, August 22nd were paid a dividend of $0.124 per share. The ex-dividend date of this dividend was Thursday, August 18th. Aegon NV’s payout ratio is -125.00%.
AEG has been the topic of several research analyst reports. TheStreet lowered Aegon NV from a “hold” rating to a “sell” rating in a research note on Friday, August 19th. Zacks Investment Research lowered Aegon NV from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. JPMorgan Chase & Co. lowered Aegon NV from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Barclays PLC lowered Aegon NV from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.50.
Several hedge funds have recently added to or reduced their stakes in the stock. BB&T Corp raised its stake in Aegon NV by 24.6% in the second quarter. BB&T Corp now owns 608,780 shares of the company’s stock worth $2,440,000 after buying an additional 120,258 shares during the last quarter. Cambiar Investors LLC raised its stake in Aegon NV by 5.4% in the second quarter. Cambiar Investors LLC now owns 18,508,180 shares of the company’s stock worth $74,218,000 after buying an additional 949,402 shares during the last quarter. Genesee Valley Trust Co. raised its stake in Aegon NV by 4.6% in the second quarter. Genesee Valley Trust Co. now owns 59,320 shares of the company’s stock worth $238,000 after buying an additional 2,582 shares during the last quarter. Bank of Montreal Can bought a new stake in Aegon NV during the second quarter worth about $358,000. Finally, Telemus Capital LLC raised its stake in Aegon NV by 17.0% in the second quarter. Telemus Capital LLC now owns 44,373 shares of the company’s stock worth $178,000 after buying an additional 6,456 shares during the last quarter. Institutional investors own 6.81% of the company’s stock.
Aegon NV Company Profile
AEGON NV is a life insurance, pensions and asset management company based in the Netherlands. The Company’s products range from life, critical illness and disability insurance, to pensions, annuities, long-term savings and investments. It also offers mortgages, and car, household and travel insurance in some markets.
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