Aegon N.V. (NYSE: AEG) stock fell -2.60% on Friday to $4.50 against a previous-day closing price of $4.62. With 2.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.25 million shares. During the session, the Insurance – Diversified company that operates in wider Financial sector, reached to the highest price of $4.6350 whereas the lowest price it dropped to was $4.4900. The 52-week range on AEG shows that it touched its highest point at $6.22 and its lowest point at $3.89 during that stretch. It currently has a 1-year price target of $5.79. With its current market cap of 9.48 billion, AEG has annualized dividend of $0.21 while the current yield stands at 4.58%. Beta for the stock currently stands at 1.13.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AEG was down-trending over the past week, with a drop of -2.39%, but this was down by -2.39% over a month. Three-month performance dropped to -2.17% while six-month performance fell -10.71%. The stock lost -3.64% in the past year, while it has lost -8.91% so far this year. A look at the trailing 12-month EPS for AEG yields 0.20 with Next year EPS estimates of 0.68. For the next quarter, that number is 0.16. This implies an EPS growth rate of -45.10% for this year and 136.59% for next year. EPS is expected to grow by 38.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 29.00%.
Float and Shares Shorts:
At present, 2.03 billion AEG shares are outstanding with a float of 1.77 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 3.38 million, which was 0.17% higher than short shares on Jun 14, 2022. In addition to Mr. E. Friese as the firm’s CEO & Chairman of Management Board, Mr. Matthew James Rider serves as its CFO & Member of Exec. Board.
Through their ownership of 9.89% of AEG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.89% of AEG, in contrast to 3.72% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in AEG with 6.05% of the stake, Dodge & Cox holds 127,736,992 shares worth 127,736,992. A second-largest stockholder of AEG, Wellington Management Co. LLP, holds 21,690,082 shares, controlling over 1.03% of the firm’s shares. Private Management Group, Inc. is the third largest shareholder in AEG, holding 5,340,087 shares or 0.25% stake. With a 4.44% stake in AEG, the Dodge & Cox Stock Fund is the largest stakeholder. A total of 93,853,842 shares are owned by the mutual fund manager. The Dodge & Cox Balanced Fund, which owns about 0.42% of AEG stock, is the second-largest Mutual Fund holder. It holds 8,897,557 shares valued at 39.95 million. Hartford Capital Appreciation Fun holds 0.31% of the stake in AEG, owning 6,470,006 shares worth 29.05 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AEG since 15 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AEG analysts setting a high price target of $6.62 and a low target of $3.10, the average target price over the next 12 months is $5.37. Based on these targets, AEG could surge 47.11% to reach the target high and fall by -31.11% to reach the target low. Reaching the average price target will result in a growth of 19.33% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AEG will report FY 2022 earnings on 02/16/2023. Analysts have provided yearly estimates in a range of $0.47 being high and $0.30 being low. For AEG, this leads to a yearly average estimate of $0.39. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Aegon N.V. surprised analysts by -$0.12 when it reported -$0.18 EPS against a consensus estimate of -$0.06. The surprise factor in the prior quarter was -$0.21. Based on analyst estimates, the high estimate for the next quarter is $0.21 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.18.