EUR 150 million share buyback program begins
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2025
0mins
Source: Yahoo Finance
Share Buyback Announcement: Aegon has initiated a EUR 150 million share buyback program, expected to conclude by June 30, 2025, with EUR 40 million allocated for senior management's share-based compensation.
Participation of Major Shareholder: Vereniging Aegon, the largest shareholder, will participate in the buyback, acquiring approximately EUR 20 million worth of shares based on their voting rights.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy AEG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on AEG
About AEG
Aegon Ltd. (Aegon) is an international financial service holding company. The Company offers products and services across insurance, long-term savings, banking and asset management. In the United States, the Company operates under two brands: Transamerica and World Financial Group Insurance Agency, which offers life insurance, investments and retirement solutions. In the Netherlands, Aegon focuses on life insurance, long-term savings, pension and annuity solutions, and mortgages. In the United Kingdom, Aegon is the investment platform, providing a range of investment, retirement solutions, and protection products to individuals, advisers, and employers. In China, the Company owns a stake in Aegon THTF Life Insurance Company, which offers life insurance solutions through a network of branches, primarily in eastern China. It also has a partnership with Banco Santander to distribute life, health, and non-life insurance products through the bank’s branches in Spain and Portugal.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ethos Appoints Former Transamerica CEO Mark Mullin to Board of Directors
- Leadership Enhancement: Ethos has appointed Mark Mullin to its Board of Directors, bringing over 40 years of leadership experience in the insurance industry, which is expected to provide strategic guidance and support the company's expansion in the rapidly growing life insurance market.
- Industry Influence: As the former CEO of Transamerica, Mullin drove brand modernization and customer-focused innovation, which will provide Ethos with valuable industry insights and experience in the technology-driven insurance sector.
- Strategic Alignment: Mullin's addition aligns with Ethos's mission to simplify access to life insurance through technology, which is anticipated to enhance the company's recognition among consumers and increase market share.
- Board Diversity: Mullin's appointment adds diversity to Ethos's board, which, alongside its founders, includes several industry leaders, thereby strengthening the company's competitiveness and innovation capabilities in the insurtech space.
Continue Reading
Analysts Upgrade Expectations: Top 10 Financial Stocks Shine
- EPS Revision Grades: Aegon Ltd. (AEG) received an A+ rating, indicating strong analyst confidence in its near-term performance, which could drive stock price increases and attract more investor interest.
- Market Confidence Boost: Cboe Global Markets, Inc. (CBOE) and First Horizon Corporation (FHN) both earned A+ ratings, suggesting analysts are optimistic about their earnings outlook, potentially enhancing their performance in the competitive financial market.
- Industry Leaders: JPMorgan Chase & Co. (JPM) and Nomura Holdings, Inc. (NMR) also received A+ ratings, reflecting the resilience of large financial institutions in the current economic environment, which may bolster investor confidence in the financial sector.
- Investment Opportunities: Bank of America Corporation (BAC) and Canadian Imperial Bank of Commerce (CM) received A ratings, demonstrating analyst recognition of their future profitability, which could attract more capital into these stocks.
Continue Reading