M&T Bank Corp Grows Position in Aegon NV (AEG)
M&T Bank Corp increased its holdings in Aegon NV (NYSE:AEG) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 419,703 shares of the financial services provider’s stock after acquiring an additional 16,317 shares during the quarter. M&T Bank Corp’s holdings in Aegon NV were worth $2,145,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in AEG. Tocqueville Asset Management L.P. lifted its stake in Aegon NV by 84.1% in the second quarter. Tocqueville Asset Management L.P. now owns 20,389 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 9,312 shares during the period. Checchi Capital Advisers LLC raised its holdings in Aegon NV by 4.2% in the second quarter. Checchi Capital Advisers LLC now owns 20,744 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 838 shares in the last quarter. Pitcairn Co. raised its holdings in Aegon NV by 15.3% in the second quarter. Pitcairn Co. now owns 20,932 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,776 shares in the last quarter. HRT Financial LLC bought a new position in Aegon NV in the second quarter worth about $115,000. Finally, Credit Suisse AG bought a new position in Aegon NV in the first quarter worth about $121,000. 10.56% of the stock is owned by institutional investors.
A number of equities analysts have commented on AEG shares. BidaskClub upgraded shares of Aegon NV from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Zacks Investment Research downgraded shares of Aegon NV from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. TheStreet upgraded shares of Aegon NV from a “c+” rating to a “b” rating in a report on Friday, August 25th. Societe Generale downgraded shares of Aegon NV from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Sanford C. Bernstein started coverage on shares of Aegon NV in a report on Thursday, September 14th. They issued a “market perform” rating and a $4.60 target price for the company. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Aegon NV has a consensus rating of “Hold” and an average target price of $5.28.
Aegon NV (NYSE AEG) opened at 5.85 on Thursday. The firm has a 50-day moving average of $5.74 and a 200-day moving average of $5.34. Aegon NV has a one year low of $3.76 and a one year high of $6.06. The company has a market capitalization of $11.96 billion, a P/E ratio of 6.85 and a beta of 1.35.
Aegon NV (NYSE:AEG) last released its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.08 by $0.13. The company had revenue of $9.24 billion for the quarter. Aegon NV had a return on equity of 6.73% and a net margin of 5.18%. On average, analysts anticipate that Aegon NV will post $0.68 earnings per share for the current year.
The company also recently declared a semiannual dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were given a dividend of $0.1522 per share. This is a positive change from Aegon NV’s previous semiannual dividend of $0.12. The ex-dividend date was Thursday, August 17th. This represents a yield of 5.23%. Aegon NV’s payout ratio is 27.47%.
Aegon NV 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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