AEGON (AEG) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of AEGON (NYSE:AEG) from a hold rating to a sell rating in a report issued on Friday morning.

According to Zacks, “Aegon N.V. is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. The Company’s other lines of business include property and casualty insurance and financial services. “

AEGON (NYSE:AEG) opened at 4.84 on Friday. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 30.06 and a beta of 1.51. The stock’s 50 day moving average price is $5.07 and its 200 day moving average price is $5.29. AEGON has a 52-week low of $3.36 and a 52-week high of $5.84.

AEGON (NYSE:AEG) last announced its quarterly earnings data on Friday, February 17th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.06. AEGON had a net margin of 1.78% and a return on equity of 5.87%. The company had revenue of $9.34 billion during the quarter. On average, analysts forecast that AEGON will post $0.68 EPS for the current year.

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The firm also recently declared a semiannual dividend, which will be paid on Friday, June 23rd. Investors of record on Wednesday, May 24th will be given a dividend of $0.1379 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a yield of 5.03%. AEGON’s dividend payout ratio (DPR) is 89.29%.

A number of hedge funds have recently made changes to their positions in the company. RMB Capital Management LLC acquired a new stake in shares of AEGON during the fourth quarter worth $107,000. Checchi Capital Advisers LLC boosted its stake in shares of AEGON by 2.5% in the first quarter. Checchi Capital Advisers LLC now owns 19,906 shares of the financial services provider’s stock worth $102,000 after buying an additional 482 shares during the period. Buckingham Asset Management LLC boosted its stake in shares of AEGON by 2.9% in the first quarter. Buckingham Asset Management LLC now owns 20,976 shares of the financial services provider’s stock worth $108,000 after buying an additional 583 shares during the period. FFT Wealth Management LLC boosted its stake in shares of AEGON by 36.3% in the first quarter. FFT Wealth Management LLC now owns 22,912 shares of the financial services provider’s stock worth $118,000 after buying an additional 6,103 shares during the period. Finally, Credit Suisse AG acquired a new stake in shares of AEGON during the first quarter worth $121,000. 9.46% of the stock is owned by hedge funds and other institutional investors.

AEGON Company Profile

Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.

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