Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $159,000 Position in Aegon NV (AEG)
Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in shares of Aegon NV (NYSE:AEG) by 54.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 28,491 shares of the financial services provider’s stock after selling 34,000 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Aegon NV were worth $159,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its position in Aegon NV by 5.3% in the first quarter. Brandes Investment Partners LP now owns 12,039,754 shares of the financial services provider’s stock worth $61,764,000 after buying an additional 609,480 shares during the period. Fifth Third Bancorp boosted its position in Aegon NV by 72.9% in the first quarter. Fifth Third Bancorp now owns 111,771 shares of the financial services provider’s stock worth $573,000 after buying an additional 47,122 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Aegon NV by 1,549.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 23,961 shares of the financial services provider’s stock worth $123,000 after buying an additional 22,508 shares during the period. Bank of America Corp DE boosted its position in Aegon NV by 9.3% in the first quarter. Bank of America Corp DE now owns 7,678,817 shares of the financial services provider’s stock worth $39,392,000 after buying an additional 655,791 shares during the period. Finally, Concorde Asset Management LLC boosted its position in Aegon NV by 1.5% in the second quarter. Concorde Asset Management LLC now owns 28,709 shares of the financial services provider’s stock worth $147,000 after buying an additional 438 shares during the period. Institutional investors own 10.56% of the company’s stock.
Shares of Aegon NV (AEG) opened at 5.67 on Wednesday. The stock has a market cap of $11.59 billion, a PE ratio of 6.78 and a beta of 1.39. The firm has a 50-day moving average of $5.62 and a 200 day moving average of $5.31. Aegon NV has a 52 week low of $3.70 and a 52 week high of $6.06.
Aegon NV (NYSE:AEG) last issued its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.13. The firm had revenue of $9.24 billion for the quarter. Aegon NV had a net margin of 5.18% and a return on equity of 6.73%. On average, equities analysts forecast that Aegon NV will post $0.68 EPS for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 21st will be paid a $0.1522 dividend. This represents a yield of 5.23%. This is a boost from Aegon NV’s previous semiannual dividend of $0.12. The ex-dividend date of this dividend is Thursday, August 17th. Aegon NV’s dividend payout ratio is presently 27.47%.
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Several analysts have commented on AEG shares. BidaskClub cut shares of Aegon NV from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. TheStreet cut shares of Aegon NV from a “b-” rating to a “c” rating in a research note on Thursday, May 18th. Finally, Zacks Investment Research cut shares of Aegon NV from a “hold” rating to a “sell” rating in a research note on Friday, May 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.63.
Aegon NV Company Profile
Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.
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