Societe Generale Lowers Aegon NV (AEG) to Hold
Societe Generale downgraded shares of Aegon NV (NYSE:AEG) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports.
Several other equities analysts have also recently weighed in on AEG. TheStreet cut shares of Aegon NV from a b- rating to a c rating in a research note on Thursday, May 18th. BidaskClub cut shares of Aegon NV from a hold rating to a sell rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research raised shares of Aegon NV from a hold rating to a buy rating and set a $6.25 target price for the company in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $5.28.
Shares of Aegon NV (AEG) opened at 5.69 on Wednesday. Aegon NV has a 52 week low of $3.76 and a 52 week high of $6.06. The stock has a 50 day moving average of $5.72 and a 200-day moving average of $5.33. The firm has a market capitalization of $11.63 billion, a PE ratio of 6.69 and a beta of 1.35.
Aegon NV (NYSE:AEG) last issued its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.13. The company had revenue of $9.24 billion during the quarter. Aegon NV had a net margin of 5.18% and a return on equity of 6.73%. Equities analysts anticipate that Aegon NV will post $0.68 earnings per share for the current fiscal year.
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The company also recently announced a semiannual dividend, which was paid on Friday, September 15th. Investors of record on Monday, August 21st were paid a $0.1522 dividend. The ex-dividend date was Thursday, August 17th. This is a boost from Aegon NV’s previous semiannual dividend of $0.12. This represents a dividend yield of 5.23%. Aegon NV’s dividend payout ratio (DPR) is currently 27.47%.
Several large investors have recently added to or reduced their stakes in the stock. Cambiar Investors LLC grew its stake in shares of Aegon NV by 3.6% in the second quarter. Cambiar Investors LLC now owns 23,655,885 shares of the financial services provider’s stock valued at $120,882,000 after buying an additional 831,264 shares in the last quarter. Brandes Investment Partners LP grew its stake in shares of Aegon NV by 4.4% in the second quarter. Brandes Investment Partners LP now owns 12,565,352 shares of the financial services provider’s stock valued at $64,209,000 after buying an additional 525,598 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Aegon NV by 25.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 8,296,935 shares of the financial services provider’s stock valued at $42,397,000 after buying an additional 1,690,800 shares in the last quarter. Bank of America Corp DE grew its stake in shares of 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 valued at $39,392,000 after buying an additional 655,791 shares in the last quarter. Finally, Private Management Group Inc. grew its stake in shares of Aegon NV by 1.6% in the second quarter. Private Management Group Inc. now owns 6,490,261 shares of the financial services provider’s stock valued at $33,165,000 after buying an additional 104,009 shares in the last quarter. 10.56% of the stock is owned by institutional investors and hedge funds.
About Aegon NV
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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