Aegon (NYSE:AEG) announced a semi-annual dividend on Wednesday, February 9, Zacks reports. Shareholders of record on Friday June 3 will receive a dividend of 0.087 per share from the financial services provider on Wednesday July 6. The ex-date of this dividend is Thursday, June 2.
Aegon has decreased its dividend by 49.0% over the past three years and has increased its dividend every year for the past 1 years. Aegon has a payout ratio of 24.7%, which means its dividend is sufficiently covered by earnings. Stock analysts expect Aegon to earn $0.83 per share next year, meaning the company should continue to be able to cover its $0.19 annual dividend with a payout ratio. expected future of 22.9%.
Aegon stock opened at $5.69 on Friday. The stock has a 50-day moving average of $5.27 and a two-hundred-day moving average of $5.00. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt ratio of 0.45. Aegon has a one-year low of $3.89 and a one-year high of $6.22.
Aegon Inc (NYSE:AEG) last released its quarterly results on Thursday, November 11. The financial services provider reported ($0.05) EPS for the quarter, beating analyst consensus estimates of ($0.20) by $0.15. The company had revenue of $6.86 billion in the quarter. As a group, sell-side analysts expect Aegon to post 0.7 earnings per share for the current year.
Hedge funds have recently changed their positions in the stock. Cubist Systematic Strategies LLC increased its position in Aegon by 131.0% during the third quarter. Cubist Systematic Strategies LLC now owns 25,672 shares of the financial services provider valued at $131,000 after acquiring an additional 14,559 shares last quarter. Citadel Advisors LLC increased its position in Aegon by 318.4% during the second quarter. Citadel Advisors LLC now owns 87,303 shares of the financial services provider valued at $361,000 after acquiring an additional 66,439 shares last quarter. Royal Bank of Canada increased its position in Aegon by 4.0% during the third quarter. Royal Bank of Canada now owns 229,415 shares of the financial services provider valued at $1,167,000 after acquiring 8,778 additional shares last quarter. Wells Fargo & Company MN increased its position in Aegon by 4.0% during the second quarter. Wells Fargo & Company MN now owns 571,813 shares of the financial services provider valued at $2,361,000 after acquiring 21,807 additional shares last quarter. Finally, Morgan Stanley increased its position in Aegon by 10.9% during the second quarter. Morgan Stanley now owns 1,641,806 shares of the financial services provider valued at $6,781,000 after acquiring an additional 160,777 shares last quarter. Institutional investors hold 5.95% of the company’s shares.
AEG has been the subject of several research analyst reports. Morgan Stanley reiterated an “equal weight” rating on Aegon’s stock in a Thursday, Oct. 21 research note. Royal Bank of Canada restated a “sector performance” rating on Aegon’s stock in a Monday, Nov. 15, research note. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on Aegon’s stock in a Monday, Nov. 15, research note. UBS Group reduced its price target on Aegon from €5.10 ($5.86) to €5.00 ($5.75) and set a “neutral” rating for the company in a research note from Wednesday 26 January. Finally, Zacks Investment Research upgraded Aegon from a “hold” rating to a “buy” rating and set a price target of $6.25 for the company in a Tuesday, February 1 research note. Seven analysts gave the stock a hold rating and three gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.63.
Aegon Company Profile
Aegon NV is a holding company that provides insurance, pension and asset management services. It operates through the following segments: Americas, Netherlands, United Kingdom, International, Asset Management and Holding and Other Businesses. The Americas segment covers business units in the United States and Brazil, including one of the units? activities located outside these countries.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Aegon right now?
Before you consider Aegon, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Aegon wasn’t on the list.
While Aegon currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here