Aegon (NYSE:AEG) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s Why
by Michael Walen · The Markets DailyAegon NV (NYSE:AEG – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $8.53 and traded as high as $8.53. Aegon shares last traded at $8.4750, with a volume of 13,185,092 shares traded.
Analysts Set New Price Targets
A number of equities analysts have issued reports on AEG shares. Zacks Research upgraded shares of Aegon from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Weiss Ratings upgraded Aegon from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, September 25th. Finally, Citigroup reissued a “buy” rating on shares of Aegon in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.00.
Aegon Trading Down 0.2%
The stock’s 50 day moving average price is $9.15 and its 200 day moving average price is $8.53. The company has a market cap of $17.00 billion, a price-to-earnings ratio of -52.97 and a beta of 0.85.
Aegon Cuts Dividend
The company also recently declared a dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd were given a dividend of $0.2455 per share. This represents a yield of 534.0%. This is a drop from Aegon’s previous dividend of $0.2469. The ex-dividend date of this dividend was Thursday, September 3rd. Aegon’s dividend payout ratio (DPR) is presently -256.25%.
Institutional Investors Weigh In On Aegon
Several institutional investors have recently bought and sold shares of AEG. Dimensional Fund Advisors LP increased its holdings in Aegon by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,741,711 shares of the financial services provider’s stock valued at $85,233,000 after purchasing an additional 901,979 shares in the last quarter. ABC Arbitrage SA lifted its holdings in Aegon by 0.5% in the 1st quarter. ABC Arbitrage SA now owns 2,107,085 shares of the financial services provider’s stock worth $15,297,000 after buying an additional 9,775 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Aegon by 42.8% during the first quarter. Quantinno Capital Management LP now owns 1,735,351 shares of the financial services provider’s stock worth $12,599,000 after acquiring an additional 520,221 shares during the last quarter. Transmarket Holdings LP increased its holdings in Aegon by 106.1% during the 1st quarter. Transmarket Holdings LP now owns 665,613 shares of the financial services provider’s stock worth $4,832,000 after purchasing an additional 342,704 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Aegon by 6.8% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 644,010 shares of the financial services provider’s stock worth $4,676,000 after buying an additional 41,260 shares in the last quarter. 4.32% of the stock is currently owned by hedge funds and other institutional investors.
Aegon Company Profile
Aegon Ltd. (NYSE: AEG) is an international financial services company that provides insurance, retirement, and investment solutions. Its offerings include life insurance, protection products, workplace and individual retirement plans, pensions, annuities, and asset management services. The company serves individuals, employers, and institutions through a combination of direct distribution, financial professionals, and workplace programs.
Aegon’s principal operating businesses are concentrated in the United States, where it operates primarily through Transamerica, and in the United Kingdom.