Aegon NV (AEG) Position Maintained by Riverhead Capital Management LLC
Riverhead Capital Management LLC held its stake in shares of Aegon NV (NYSE:AEG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,921 shares of the financial services provider’s stock at the close of the 2nd quarter. Riverhead Capital Management LLC’s holdings in Aegon NV were worth $143,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Bfsg LLC bought a new stake in Aegon NV during the 2nd quarter valued at approximately $228,000. CIBC World Markets Inc. lifted its holdings in Aegon NV by 40.1% in the 2nd quarter. CIBC World Markets Inc. now owns 961,636 shares of the financial services provider’s stock worth $4,914,000 after purchasing an additional 275,244 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Aegon NV by 0.3% in the 2nd quarter. Private Advisor Group LLC now owns 34,398 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 88 shares in the last quarter. HRT Financial LLC purchased a new position in Aegon NV in the 2nd quarter worth approximately $115,000. Finally, Todd Asset Management LLC purchased a new position in Aegon NV in the 2nd quarter worth approximately $3,006,000. 10.56% of the stock is currently owned by institutional investors.
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Shares of Aegon NV (NYSE AEG) opened at 5.69 on Wednesday. The company has a market capitalization of $11.63 billion, a PE ratio of 6.66 and a beta of 1.35. The stock has a 50 day moving average price of $5.77 and a 200 day moving average price of $5.34. Aegon NV has a one year low of $4.00 and a one year high of $6.06.
Aegon NV (NYSE:AEG) last issued 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 during the quarter. Aegon NV had a net margin of 5.18% and a return on equity of 6.73%. On average, equities research analysts predict that Aegon NV will post $0.68 earnings per share for the current year.
The business also recently disclosed a semiannual dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were issued a dividend of $0.1522 per share. This represents a yield of 5.23%. This is an increase from Aegon NV’s previous semiannual dividend of $0.12. The ex-dividend date was Thursday, August 17th. Aegon NV’s dividend payout ratio (DPR) is presently 27.47%.
Aegon NV announced that its board has approved a share repurchase program on Thursday, September 28th that authorizes the company to buyback 51,860,000 shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
Several research analysts have weighed in on the company. Zacks Investment Research downgraded Aegon NV from a “hold” rating to a “sell” rating in a research note on Tuesday. Sanford C. Bernstein assumed coverage on shares of Aegon NV in a research report on Thursday, September 14th. They set a “market perform” rating and a $4.60 price objective on the stock. Societe Generale cut shares of Aegon NV from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. TheStreet raised shares of Aegon NV from a “c+” rating to a “b” rating in a report on Friday, August 25th. Finally, BidaskClub raised shares of Aegon NV from a “hold” rating to a “buy” rating in a report 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 company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.28.
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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