Aegon NV (NYSE:AEG) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

Aegon NV (NYSE:AEG – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,747,638 shares, a decline of 43.3% from the September 30th total of 4,845,750 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 7,261,224 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AEG. Zacks Research raised shares of Aegon from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research note on Tuesday, August 18th. JPMorgan Chase & Co. downgraded shares of Aegon from an “overweight” rating to a “neutral” rating in a report on Thursday, October 22nd. Finally, Weiss Ratings raised shares of Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.00.

Check Out Our Latest Stock Analysis on AEG

Aegon Stock Performance

Shares of NYSE AEG opened at $8.21 on Tuesday. The stock’s fifty day simple moving average is $8.70 and its 200 day simple moving average is $8.30. Aegon has a 52-week low of $6.75 and a 52-week high of $9.61.

Aegon Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 3rd were given a $0.2455 dividend. This is a negative change from Aegon’s previous dividend of $0.2469. The ex-dividend date was Thursday, September 3rd. This represents a dividend yield of 534.0%.

Hedge Funds Weigh In On Aegon

A number of institutional investors have recently bought and sold shares of the stock. Provenance Wealth Advisors LLC acquired a new position in shares of Aegon in the third quarter worth about $28,000. Pathway Financial Advisers LLC acquired a new stake in shares of Aegon during the third quarter valued at approximately $31,000. Eastern Bank purchased a new stake in shares of Aegon in the 2nd quarter valued at approximately $55,000. Sanctuary Advisors LLC purchased a new stake in shares of Aegon in the 1st quarter valued at approximately $82,000. Finally, Keebeck Wealth Management purchased a new stake in shares of Aegon in the 1st quarter valued at approximately $84,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Company Profile

(Get Free Report)

Aegon N.V. is an international financial services company that provides insurance, retirement, and investment products. Its offerings include life insurance, annuities, pensions, retirement plans, employee benefits, and asset management services for individuals, employers, and institutional clients.

Aegon conducts much of its business through the Transamerica brand in the United States, offering retirement solutions, life insurance, investment products, and workplace benefits. The company also has operations in selected European markets, including the United Kingdom, Spain, and Portugal, as well as international asset management activities.

Headquartered in The Hague, the Netherlands, Aegon was formed in 1983 through the merger of Dutch insurers AGO and Ennia, whose roots extend back more than 175 years.

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