Aegon (NYSE:AEG) Shares Gap Down to $4.57

Aegon (NYSE:AEG – Get Rating) gapped down prior to trading on Wednesday . The stock had previously closed at $4.57, but opened at $4.18. Aegon shares last traded at $4.21, with a volume of 968,208 shares trading hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group upgraded Aegon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 12th. StockNews.com assumed coverage on Aegon in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Barclays boosted their target price on Aegon from €5.30 ($5.70) to €5.50 ($5.91) in a research note on Tuesday, November 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.15.

Aegon Stock Up 1.4 %

The business has a 50-day simple moving average of $5.26 and a two-hundred day simple moving average of $4.83. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 6.19 and a beta of 1.13. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.79.

Aegon Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, June 29th. Shareholders of record on Tuesday, May 30th will be given a $0.1288 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a dividend yield of 3.6%. This is a boost from Aegon’s previous semi-annual dividend of $0.10. Aegon’s payout ratio is currently 25.71%.

Institutional Trading of Aegon

Institutional investors and hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new stake in shares of Aegon in the third quarter worth about $34,000. Creative Planning lifted its position in shares of Aegon by 31.5% during the 3rd quarter. Creative Planning now owns 89,271 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 21,370 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Aegon by 42.2% during the 3rd quarter. Quantinno Capital Management LP now owns 21,564 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 6,400 shares during the last quarter. Stock Yards Bank & Trust Co. acquired a new position in shares of Aegon during the 2nd quarter worth about $154,000. Finally, Verus Capital Partners LLC acquired a new position in shares of Aegon during the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 19.30% of the company’s stock.

Aegon Company Profile

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Aegon NV is an international financial services company, which engages in the provision of investment, protection, and retirement solutions. It operates through the following segments: Americas, The Netherlands, United Kingdom, International, Asset Management, and Holding and Other Activities. The Americas segment covers business units in the United States and Brazil, including any of the units’ activities located outside these countries.