Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

UBS maintains buy rating on AEGON with a 5.5 euro target post-Q3 results

Published Nov 17, 2023 08:03AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
AEGN
-5.55%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

NEW YORK - In light of AEGON's third-quarter performance, UBS has reiterated its Buy recommendation for the insurer's stock, maintaining its target price at 5.5 euros. The financial services firm underscored AEGON's stronger-than-expected capital generation and free cash flow as pivotal factors for the positive outlook.

AEGON's quarterly report revealed a robust 16% increase in operating capital generation, reaching 354 million euros. This surge is part of a broader trend of solid financial health within the company, as indicated by the raised capital generation goal for 2023, now set at 1.2 billion euros, up from the previous target of over 1 billion euros.

Analysts at UBS highlighted the company's significant progress in managing its US assets, which contributed to the quarter's favorable outcomes. This strategic advancement aligns with AEGON's overall growth trajectory and reinforces investor confidence in the company's direction.

UBS's sustained Buy rating and target price echo the firm’s confidence in AEGON’s potential for continued success. The financial institution advises both professional and non-professional investors to consider this information in their decision-making processes, though it recommends consulting a professional advisor.

The emphasis on AEGON's positive performance indicators serves as a beacon for potential market activity. Investors may take into account such analyses when contemplating invitations to buy or sell securities.

InvestingPro Insights

As we delve further into the financial health of AEGON, InvestingPro's real-time data and tips provide valuable insights. With a market cap of 9601.85M USD, the company's performance has been a point of interest for many investors. A noteworthy InvestingPro Tip is the company's aggressive share buyback strategy, which often indicates management's confidence in the company's future.

In addition to this, AEGON has consistently raised its dividend for three consecutive years, demonstrating its commitment to returning value to shareholders. Despite revenue declining at an accelerating rate, analysts are optimistic about sales growth in the current year.

InvestingPro's data also shows that AEGON has a P/E ratio of -3.54, which can be interpreted as the company currently being undervalued. AEGON's price to book ratio in the last twelve months as of Q2 2023 is 0.91, which suggests that the market price is lower than the company's book value.

Lastly, AEGON's 1-year price total return as of Y2023.D321 is 13.84%, indicating a positive trend in the company's stock performance.

These insights are part of the InvestingPro subscription, which is now on a special Black Friday sale with a discount of up to 55%. With over 10 additional tips listed in InvestingPro, investors can gain a comprehensive understanding of AEGON's financial health and potential future performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

UBS maintains buy rating on AEGON with a 5.5 euro target post-Q3 results
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email