Northern Trust Corp cut its position in Aegon NV (NYSE:AEG) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,309,488 shares of the financial services provider’s stock after selling 4,227 shares during the quarter. Northern Trust Corp owned about 0.16% of Aegon NV worth $16,912,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in AEG. Cambiar Investors LLC grew its stake in shares of Aegon NV by 3.6% in the second quarter. Cambiar Investors LLC now owns 23,655,885 shares of the financial services provider’s stock valued at $120,882,000 after buying an additional 831,264 shares in the last quarter. Todd Asset Management LLC bought a new position in shares of Aegon NV in the second quarter valued at $3,006,000. Brandes Investment Partners LP grew its stake in shares of Aegon NV by 4.4% in the second quarter. Brandes Investment Partners LP now owns 12,565,352 shares of the financial services provider’s stock valued at $64,209,000 after buying an additional 525,598 shares in the last quarter. CIBC World Markets Inc. grew its stake in shares of Aegon NV by 40.1% in the second quarter. CIBC World Markets Inc. now owns 961,636 shares of the financial services provider’s stock valued at $4,914,000 after buying an additional 275,244 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Aegon NV by 52.5% in the second quarter. Russell Investments Group Ltd. now owns 596,194 shares of the financial services provider’s stock valued at $3,047,000 after buying an additional 205,300 shares in the last quarter. 10.56% of the stock is owned by institutional investors and hedge funds.
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Shares of Aegon NV (NYSE AEG) opened at 5.85 on Monday. The firm has a market cap of $11.96 billion, a P/E ratio of 6.85 and a beta of 1.35. The firm’s 50-day moving average price is $5.77 and its 200 day moving average price is $5.41. Aegon NV has a one year low of $4.22 and a one year high of $6.13.
Aegon NV (NYSE:AEG) last announced its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.13. Aegon NV had a return on equity of 6.73% and a net margin of 5.18%. The business had revenue of $9.24 billion during the quarter. Analysts predict that Aegon NV will post $0.68 EPS for the current year.
Aegon NV declared that its Board of Directors has initiated a share repurchase plan on Thursday, September 28th that allows the company to repurchase 51,860,000 shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several equities analysts recently weighed in on AEG shares. BidaskClub raised shares of Aegon NV from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Zacks Investment Research cut shares of Aegon NV from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Sanford C. Bernstein started coverage on shares of Aegon NV in a research note on Thursday, September 14th. They issued a “market perform” rating and a $4.60 target price for the company. TheStreet raised shares of Aegon NV from a “c+” rating to a “b” rating in a research note on Friday, August 25th. Finally, Societe Generale cut shares of Aegon NV from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.28.
About Aegon NV
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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