Opinions
Benj Gallander
Aegon N.V.
AEG-N
BUY
Feb 19, 2020
He owns this and is underwater on it. It pays a great dividend and they just increased it again. This is still a buy for him. It is an insurance and wealth management company.
$4.035
Stock price when the opinion was issued
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COMMENT
Brexit deal positive for them? Doesn't know how Brexit will effect them. 33% of their business is in the UK and half in the U.S. They've been struggling like all insurers because of low interest rates. If those rates don't rise, AEG will languish. They have enough capital, and boast reasonable total returns. Dividend is high at 7%.
Financial Services
HOLD
A lifeco based in Holland with many operations in the U.S. Like all its European peers, it has suspended its dividend. Actually, the PE is less than 4x. AEG and most lifecos will survive this crisis; the assets side of their balance sheet are strong with highly rated bonds. Selling this is painful and criminal, so just endure the pain and ride it out. This is a strange time, but investors shouldn't fear that we're entering a black hole.
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