American Century Increases Stake in Aegon NV by Nearly 10%

American Century Companies Inc. has raised its stake in Aegon NV (NYSE: AEG) by 9.8% during the second quarter of 2023, as detailed in the firm’s latest 13F filing with the U.S. Securities and Exchange Commission. Following this adjustment, American Century now holds 1,042,581 shares of the financial services provider, after acquiring an additional 93,388 shares in the quarter. This investment represents approximately 0.05% of Aegon’s total shares, valued at $7,548,000.

Other institutional investors have also made moves regarding Aegon’s stock. SVB Wealth LLC initiated a new position in the first quarter, investing around $42,000. Deutsche Bank AG followed suit with a new stake valued at $61,000. Additionally, Earned Wealth Advisors LLC and Vestmark Advisory Solutions Inc. each acquired new stakes in the second quarter, both worth $74,000. HB Wealth Management LLC also entered the market during the same period with a position valued at $77,000. Overall, institutional investors now own 4.32% of Aegon’s stock.

Analysts Weigh In on Aegon’s Market Position

Recent evaluations by equities research analysts suggest varying outlooks for Aegon. On November 8, Wall Street Zen upgraded Aegon’s rating from “buy” to “strong-buy.” In contrast, UBS Group downgraded its rating from “buy” to “neutral” on November 1. Furthermore, Zacks Research adjusted its rating from “strong-buy” to “hold” on October 28. Currently, one analyst has given Aegon a “Strong Buy” rating, three analysts rated it as a “Buy,” and two have classified it as a “Hold.” According to MarketBeat.com, the stock has an average rating of “Moderate Buy.”

Aegon’s Stock Performance and Company Overview

As of the market opening on November 3, Aegon’s stock traded at $7.82, with the company holding a market capitalization of $15.69 billion. The stock has experienced a price-to-earnings ratio of -30.08 and a PEG ratio of 0.21, with a beta of 0.79. Over the past year, Aegon’s stock reached a low of $5.42 and a high of $8.15. The stock’s 50-day simple moving average stands at $7.67, while the 200-day simple moving average is at $7.44.

Aegon NV is a multinational company providing a wide range of financial services, including insurance, pensions, and asset management. Its operations span several countries, including the United States, the Netherlands, and the United Kingdom. The firm offers various products such as life, accident, property, and casualty insurance, as well as annuities and retirement plans.

The investment landscape surrounding Aegon continues to evolve, reflecting both the company’s strategic positioning and market sentiment. Investors and analysts alike will be closely monitoring the firm’s performance in the coming quarters.