Aegon (NYSE:AEG) Sees Large Decrease in Short Interest

Aegon (NYSE:AEG) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 2,030,000 shares, a decline of 25.6% from the March 31st total of 2,730,000 shares. Based on an average daily volume of 2,310,000 shares, the short-interest ratio is currently 0.9 days. Currently, 0.1% of the shares of the company are short sold.

Several research firms have recently weighed in on AEG. HSBC downgraded Aegon from a “buy” rating to a “hold” rating in a report on Friday, January 8th. Royal Bank of Canada reissued a “sector perform” rating on shares of Aegon in a report on Tuesday, March 9th. Morgan Stanley reissued an “equal weight” rating on shares of Aegon in a report on Tuesday, January 19th. Societe Generale upgraded Aegon from a “sell” rating to a “hold” rating in a research report on Monday, April 26th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Aegon in a research report on Wednesday, February 17th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $5.25.

NYSE AEG traded down $0.09 on Tuesday, hitting $4.56. 1,817,473 shares of the company’s stock were exchanged, compared to its average volume of 2,206,846. The firm’s 50-day moving average price is $4.69 and its two-hundred day moving average price is $4.10. Aegon has a fifty-two week low of $2.10 and a fifty-two week high of $5.11. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 4.96 and a beta of 1.37.

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, July 7th. Shareholders of record on Tuesday, June 8th will be given a dividend of $0.0727 per share. This is a boost from Aegon’s previous semi-annual dividend of $0.07. The ex-dividend date is Monday, June 7th. This represents a yield of 2.7%. Aegon’s payout ratio is presently 7.61%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Aegon by 40.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,791,344 shares of the financial services provider’s stock worth $11,026,000 after acquiring an additional 807,080 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Aegon by 5.4% during the 4th quarter. Northern Trust Corp now owns 1,662,444 shares of the financial services provider’s stock worth $6,567,000 after acquiring an additional 85,129 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Aegon by 1,296.8% during the 4th quarter. Jane Street Group LLC now owns 855,908 shares of the financial services provider’s stock worth $3,381,000 after acquiring an additional 794,633 shares in the last quarter. Lorne Steinberg Wealth Management Inc. purchased a new stake in shares of Aegon during the 4th quarter worth approximately $2,080,000. Finally, Henry James International Management Inc. purchased a new stake in shares of Aegon during the 1st quarter worth approximately $852,000.

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.

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