Aegon (NYSE:AEG) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 2,030,000 shares, a drop of 25.6% from the March 31st total of 2,730,000 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,310,000 shares, the days-to-cover ratio is presently 0.9 days.
A number of hedge funds and other institutional investors have recently bought and sold shares of AEG. Fieldpoint Private Securities LLC bought a new stake in Aegon in the fourth quarter valued at about $27,000. Buckingham Strategic Wealth LLC increased its stake in Aegon by 36.6% in the first quarter. Buckingham Strategic Wealth LLC now owns 16,534 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 4,434 shares during the period. Squarepoint Ops LLC bought a new stake in Aegon in the fourth quarter valued at about $92,000. Advisor Partners LLC increased its stake in Aegon by 14.7% in the third quarter. Advisor Partners LLC now owns 64,343 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 8,253 shares during the period. Finally, First Trust Advisors LP acquired a new position in Aegon in the fourth quarter valued at about $190,000.
AEG has been the topic of a number of research analyst reports. Societe Generale upgraded shares of Aegon from a “sell” rating to a “hold” rating in a research note on Monday, April 26th. HSBC lowered shares of Aegon from a “buy” rating to a “hold” rating in a research note on Friday, January 8th. Berenberg Bank reiterated a “buy” rating on shares of Aegon in a report on Thursday, March 25th. Barclays restated an “equal weight” rating on shares of Aegon in a report on Tuesday, March 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aegon in a report on Wednesday, January 6th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. Aegon presently has an average rating of “Hold” and a consensus target price of $5.25.
NYSE AEG traded down $0.09 on Tuesday, reaching $4.56. The company’s stock had a trading volume of 1,817,473 shares, compared to its average volume of 2,206,846. The firm has a market cap of $12.22 billion, a PE ratio of 4.96 and a beta of 1.37. The business has a 50-day moving average price of $4.69 and a 200 day moving average price of $4.10. Aegon has a 52 week low of $2.10 and a 52 week high of $5.11.
The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, July 7th. Investors of record on Tuesday, June 8th will be paid a $0.0727 dividend. The ex-dividend date is Monday, June 7th. This represents a yield of 2.7%. This is a boost from Aegon’s previous semi-annual dividend of $0.07. Aegon’s payout ratio is presently 7.61%.
Aegon Company Profile
Aegon N.V. provides a range of financial services in the Americas, Europe, and Asia. Its insurance products include life, accident, and health insurance; property and casualty insurance; and household and car insurance, as well as pension products. The company also offers savings products, such as retirement plan services; annuities; mutual funds; and stable value solutions.