Wellington Management Co. LLP recently announced the acquisition of new stake in Aegon N.V. (NYSE:AEG). The institutional investor has increased its shareholding in the Financial company by 17.43% to 18.92 million shares with purchase of 2.81 million shares. This fresh investment now brings its stake to 0.90% valued currently at $97.79 million. In addition, Aperio Group LLC raised its holdings by 0.42 million to 5.23 million shares. And Dimensional Fund Advisors LP has lifted its position by 14.27% or 0.58 million shares – to 4.61 million shares.
With over 3.34 million Aegon N.V. (AEG) shares trading Friday and a closing price of $4.82 on the day, the dollar volume was approximately $16.1 million. The shares have shown a positive half year performance of 6.87% and its price on 03/10/23 lost nearly -4.37%. Currently, there are 2.03B common shares owned by the public and among those 1.78B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for AEG have a consensus price objective of $5.83. The analysts have set the share’s price value over the next 12 months at a high of $7.20 and a low of $3.80. The average price target is 17.04% above its recent price level and a downside to the estimated low will see the stock lose -26.84% over that period. But an upside of 33.06% will see the stock hit the forecast high price target while median target price for the stock is $5.84.
The top 3 mutual fund holders in Aegon N.V. are Dodge & Cox Stock Fund, Dodge & Cox Balanced Fund, and Hartford Capital Appreciation Fun. Dodge & Cox Stock Fund owns 98.31 million shares of the company’s stock, all valued at over $508.25 million. Dodge & Cox Balanced Fund sold -2.33 million shares to see its total holdings shrink to 6.27 million shares valued at over $32.4 million and representing 0.30% of the shares outstanding. Hartford Capital Appreciation Fun sold -1.3 million shares to bring its total holdings to over 4.92 million shares at a value of $25.45 million. Hartford Capital Appreciation Fun now owns shares totaling to 0.23% of the shares outstanding.
Shares of Aegon N.V. (NYSE: AEG) opened at $4.93, down -$0.11 from a prior closing price of $5.04. However, the script later moved the day high at 4.9400, down -4.37%. The company’s stock has a 5-day price change of -7.49% and -0.41% over the past three months. AEG shares are trading -4.37% year to date (YTD), with the 12-month market performance up to 9.05% higher. It has a 12-month low price of $3.76 and touched a high of $5.89 over the same period. AEG has an average intraday trading volume of 1.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.83%, -9.07%, and 1.28% respectively.
Institutional ownership of Aegon N.V. (NYSE: AEG) shares accounts for 9.90% of the company’s 2.03B shares outstanding. Mutual fund holders own 3.56%, while other institutional holders and individual stakeholders account for 5.88% and — respectively.
It has a market capitalization of $10.87B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 22.74, while the earnings-per-share (ttm) stands at $0.21. The company has a debt-to-equity ratio at 0.81. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.19% over the week and 1.63% over the month.
Analysts forecast that Aegon N.V. (AEG) will achieve an EPS of $0.06 for the current quarter, -$0.24 for the next quarter and $0.46 for 2023. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was $0.17 a year ago. Earnings per share for the fiscal year are expected to decrease by -45.10%, and 60.70% over the next financial year. EPS should shrink at an annualized rate of -2.50% over the next five years, compared to 29.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate Aegon N.V. (AEG) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 6 of the 15 advise that investors “hold,” and 2 rated it as a “Sell.”
Credit Suisse on their part issued Outperform rating on November 24, 2021.
