AEGON (NYSE:AEG) Short Interest Update

AEGON (NYSE:AEG) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totalling 7,277,900 shares, a growth of 119.9% from the February 27th total of 3,310,000 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 2,030,000 shares, the days-to-cover ratio is presently 3.6 days.

Hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC lifted its stake in AEGON by 67.8% during the fourth quarter. Advisory Services Network LLC now owns 6,188 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 2,501 shares during the last quarter. Vista Wealth Management Group LLC purchased a new stake in AEGON during the fourth quarter worth approximately $47,000. Balasa Dinverno & Foltz LLC purchased a new stake in AEGON during the fourth quarter worth approximately $55,000. Campbell & CO Investment Adviser LLC purchased a new stake in AEGON during the fourth quarter worth approximately $56,000. Finally, Parallel Advisors LLC lifted its stake in AEGON by 31.2% during the fourth quarter. Parallel Advisors LLC now owns 12,781 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 3,042 shares during the last quarter. Hedge funds and other institutional investors own 6.25% of the company’s stock.

AEG has been the subject of several recent research reports. Kepler Capital Markets cut AEGON to a “hold” rating in a research note on Friday, March 20th. Citigroup upgraded AEGON from a “neutral” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Zacks Investment Research upgraded AEGON from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $5.25.

AEG stock remained flat at $$2.66 during trading on Thursday. The company had a trading volume of 4,065,718 shares, compared to its average volume of 2,837,468. The firm’s 50-day moving average price is $3.31 and its 200-day moving average price is $4.10. The firm has a market capitalization of $6.89 billion, a PE ratio of 2.89, a price-to-earnings-growth ratio of 0.69 and a beta of 1.36. AEGON has a 12-month low of $1.80 and a 12-month high of $5.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.09 and a quick ratio of 0.09.

The firm also recently announced a semi-annual dividend, which will be paid on Friday, June 19th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.1735 per share. This represents a yield of 6.9%. The ex-dividend date of this dividend is Tuesday, May 19th. AEGON’s payout ratio is 30.43%.

AEGON Company Profile

Aegon N.V. provides insurance, pensions, and asset management services worldwide. It offers life, accident, and health insurance; property and casualty insurance; home and car insurance; individual investment accounts; annuities; retirement plan services; stable value solutions; retail and institutional investment management solutions; savings products; group pensions; mortgage loans; and bank accounts.

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