Aegon NV (AEG) Position Reduced by Timber Hill LLC
Timber Hill LLC cut its stake in Aegon NV (NYSE:AEG) by 38.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,790 shares of the financial services provider’s stock after selling 13,962 shares during the period. Timber Hill LLC’s holdings in Aegon NV were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC boosted its stake in Aegon NV by 411.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,279 shares of the financial services provider’s stock worth $446,000 after purchasing an additional 1,833 shares in the last quarter. Tocqueville Asset Management L.P. lifted its stake in Aegon NV by 84.1% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 20,389 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 9,312 shares during the period. Checchi Capital Advisers LLC lifted its stake in Aegon NV by 4.2% during the 2nd quarter. Checchi Capital Advisers LLC now owns 20,744 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 838 shares during the period. Pitcairn Co. lifted its stake in Aegon NV by 15.3% during the 2nd quarter. Pitcairn Co. now owns 20,932 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 2,776 shares during the period. Finally, HRT Financial LLC acquired a new stake in Aegon NV during the 2nd quarter valued at approximately $115,000. Institutional investors own 10.42% of the company’s stock.
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Shares of Aegon NV (NYSE AEG) traded up $0.05 during midday trading on Friday, reaching $6.06. 769,539 shares of the company’s stock traded hands, compared to its average volume of 2,142,292. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.10 and a current ratio of 0.10. Aegon NV has a twelve month low of $4.73 and a twelve month high of $6.21. The firm has a market cap of $12,690.00, a PE ratio of 6.86 and a beta of 1.40.
Aegon NV declared that its board has authorized a stock repurchase plan on Thursday, September 28th that permits the company to buyback 51,860,000 shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
Several analysts have commented on AEG shares. Zacks Investment Research cut shares of Aegon NV from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. TheStreet upgraded shares of Aegon NV from a “c+” rating to a “b” rating in a research note on Friday, August 25th. Societe Generale cut shares of Aegon NV from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. BidaskClub cut shares of Aegon NV from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Sanford C. Bernstein started coverage on shares of Aegon NV in a research note on Thursday, September 14th. They set a “market perform” rating and a $4.60 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Aegon NV currently has an average rating of “Hold” and an average target price of $5.43.
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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