Aegon: Price-To-Book Valuation Provides Upside (Rating Upgrade)

Dec. 17, 2024 6:46 PM ETAegon Ltd. (AEG) Stock, AEGOF Stock
(5min)

Summary

  • Aegon Ltd. offers life insurance, retirement solutions, and asset management services, with growth opportunities in markets like China and Brazil.
  • Risks include interest rate fluctuations, regulatory changes, and potential shifts in client demand towards higher-yield products.
  • Valuing Aegon using a price-to-book method suggests a price target of $6.84, indicating a 16% upside.
  • Despite not being exciting, Aegon has firm book value support, justifying a buy rating with potential for a growing dividend.
  • Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More »

Aegon

Poulssen

I covered Aegon Ltd. (NYSE:AEG) in April 2023 in connection with AT1 bonds of Credit Suisse. Back then, I assigned a hold rating to the stock for the simple reason that I did not see any risk

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This article was written by

Dhierin Bechai profile picture
17.97K Followers

Dhierin-Perkash Bechai is an aerospace, defense and airline analyst.

Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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