M&T Bank Corp decreased its position in AEGON (NYSE:AEG) by 63.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 200,149 shares of the financial services provider’s stock after selling 350,277 shares during the quarter. M&T Bank Corp’s holdings in AEGON were worth $1,262,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC increased its position in shares of AEGON by 124.7% during the third quarter. Campbell & CO Investment Adviser LLC now owns 24,632 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 13,672 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of AEGON during the third quarter worth $182,000. Lourd Capital LLC purchased a new stake in shares of AEGON during the fourth quarter worth $238,000. Yorktown Management & Research Co Inc purchased a new stake in shares of AEGON during the third quarter worth $266,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of AEGON during the third quarter worth $308,000. 9.12% of the stock is currently owned by institutional investors.
Shares of AEGON (NYSE AEG) opened at $6.85 on Monday. AEGON has a 12-month low of $4.73 and a 12-month high of $7.02. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.10 and a current ratio of 0.09. The firm has a market capitalization of $13,974.00, a price-to-earnings ratio of 8.15 and a beta of 1.48.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, June 22nd. Stockholders of record on Wednesday, May 23rd will be given a dividend of $0.1745 per share. The ex-dividend date is Tuesday, May 22nd. This represents a dividend yield of 5.09%. This is a positive change from AEGON’s previous semiannual dividend of $0.15. AEGON’s dividend payout ratio is currently 19.53%.
A number of analysts have recently weighed in on AEG shares. Zacks Investment Research raised AEGON from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research report on Tuesday, January 9th. ValuEngine lowered AEGON from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $6.18.
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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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