I'm surprised that this stock gets so little notice--it's selling for 7-8 times earnings with reliable dividends and, best of all, growing earnings--it deserves more attention.
I see Merrill Lynch recently added it to their buy list and it ought to be on more such lists. Well, now Deutsche Bank says AEG is a BUY:
MarketWatch
Market Pulse: Aegon upped at Deutsche Bank, buying opportunity
Friday May 27, 3:19 am ET
By Aude Lagorce
LONDON (MarketWatch) -- Deutsche Bank upgraded Dutch insurer Aegon NV to buy from hold, saying that it has recently been a poor performer and therefore represents excellent value at the moment. The broker told clients it feels increasingly confident that the market is overcompensating for concerns over growth and asset quality. In addition, Deutsche Bank said that Aegon's recent embedded value data release suggests much stronger new business profit margins than anticipated.
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Company Profile for Aegon NV (AEG)
Business Description:
A limited liability stock company and an international insurance group based in The Netherlands. The company has major operations in the United States, the Netherlands, the United Kingdom and Canada.
Address: AEGONplein 50, P.O. Box 2591 TV, The Hague, NL 2501 CE
Telephone:
703448344
Website:
www.aegon.com
Facsimile:
703448445
Email:
groupir@aegon.nl
Details
CEO:
Donald Shepard
Employees:
27446
Market Cap:
20.62 b
Issue Type:
American Depository Receipt (ADR)
S&P Rating:
Auditor: Ernst & Young
Last Audit: Unqualified
Indices:
Industry Classifications
Sector:
Financial
CIK:
0000769218
Industry: Insurance
NAICS: Direct Life Insurance Carriers (524113)
QM ID: Life Insurance (430)
SIC: Life Insurance (6311) , Accident And Health Insurance (6321) , Fire, Marine, And Casualty Insurance (6331) , Branches And Agencies Of Foreign Banks (6081)
Profitability
Management Effectiveness
Gross Margin:
Return on Equity:
11.60
EBIT Margin:
9.90
Return on Capital:
9.30
Profit Margin:
7.60
Return on Assets:
0.70
Share Statistics
Outstanding:
1.55 b
Float:
Short Interest:
978.96 k (as of 3/10/05)
Short Int Ratio:
2.50
% of Float:
Institution Hold'gs:
5.1% (as of 4/1/05)
Total Held:
79.43 m
Institutions:
164
Bought Prev Mo:
21.09 m
Sold Prev Mo:
3.59 m
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