Dodge & Cox Sells 2,953,585 Shares of Aegon NV $AEG

Dodge & Cox lowered its stake in shares of Aegon NV (NYSE:AEG) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,783,505 shares of the financial services provider’s stock after selling 2,953,585 shares during the period. Dodge & Cox’s holdings in Aegon were worth $685,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vise Technologies Inc. increased its position in Aegon by 32.1% in the 3rd quarter. Vise Technologies Inc. now owns 35,213 shares of the financial services provider’s stock valued at $281,000 after buying an additional 8,557 shares in the last quarter. Capital Fund Management S.A. boosted its holdings in Aegon by 74.5% in the third quarter. Capital Fund Management S.A. now owns 280,299 shares of the financial services provider’s stock worth $2,240,000 after acquiring an additional 119,681 shares in the last quarter. Franklin Resources Inc. grew its stake in Aegon by 19.6% in the third quarter. Franklin Resources Inc. now owns 32,777 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 5,370 shares during the period. Quadrant Capital Group LLC grew its stake in Aegon by 2.8% in the third quarter. Quadrant Capital Group LLC now owns 205,308 shares of the financial services provider’s stock valued at $1,640,000 after acquiring an additional 5,629 shares during the period. Finally, Diversify Advisory Services LLC increased its holdings in shares of Aegon by 11.5% during the third quarter. Diversify Advisory Services LLC now owns 50,185 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 5,166 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Aegon Stock Down 1.2%

AEG stock opened at $6.79 on Friday. The firm has a market cap of $13.61 billion, a PE ratio of -42.41, a P/E/G ratio of 0.43 and a beta of 0.78. The business has a 50 day moving average of $7.57 and a 200-day moving average of $7.65. Aegon NV has a 12-month low of $5.42 and a 12-month high of $8.15.

Aegon Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be paid a $0.2469 dividend. This represents a yield of 671.0%. The ex-dividend date is Monday, June 15th. Aegon’s dividend payout ratio is -237.50%.

Wall Street Analyst Weigh In

AEG has been the topic of a number of recent research reports. UBS Group cut Aegon from a “buy” rating to a “neutral” rating in a report on Wednesday, December 3rd. Morgan Stanley restated an “overweight” rating on shares of Aegon in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Aegon in a report on Wednesday, January 7th. They set a “hold” rating on the stock. Wall Street Zen cut shares of Aegon from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Weiss Ratings downgraded shares of Aegon from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Aegon Company Profile

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.