Stifel Financial Corp reduced its stake in Aegon NV (NYSE:AEG) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,319 shares of the financial services provider’s stock after selling 1,750 shares during the period. Stifel Financial Corp’s holdings in Aegon NV were worth $416,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Veritable L.P. purchased a new stake in shares of Aegon NV in the second quarter worth $733,000. Dimensional Fund Advisors LP grew its stake in shares of Aegon NV by 24.9% in the second quarter. Dimensional Fund Advisors LP now owns 759,120 shares of the financial services provider’s stock worth $3,879,000 after acquiring an additional 151,183 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Aegon NV in the second quarter worth $3,006,000. Advisor Group Inc. grew its stake in shares of Aegon NV by 4.9% in the second quarter. Advisor Group Inc. now owns 59,125 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 2,782 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Aegon NV by 4.0% in the second quarter. M&T Bank Corp now owns 419,703 shares of the financial services provider’s stock worth $2,145,000 after acquiring an additional 16,317 shares during the last quarter. 10.56% of the stock is currently owned by hedge funds and other institutional investors.
Aegon NV (NYSE:AEG) last announced its earnings results on Thursday, August 10th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.24 billion for the quarter.
Aegon NV declared that its Board of Directors has initiated a stock buyback plan on Thursday, September 28th that allows the company to buyback 51,860,000 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have recently commented on the company. BidaskClub raised Aegon NV from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut Aegon NV from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Sanford C. Bernstein began coverage on Aegon NV in a research report on Thursday, September 14th. They set a “market perform” rating and a $4.60 price objective on the stock. Societe Generale cut Aegon NV from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, TheStreet raised Aegon NV from a “c+” rating to a “b” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock has an average 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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