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Aegon NV
(AGN)
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Rating:64Neutral
Price Target:
€8.00
▲(1.39% Upside)
Action:Reiterated
Date:07/05/26
The score is driven primarily by improving but still volatile financial performance (profit recovery and lower debt offset by inconsistent revenue and cash-flow swings). Technicals are constructive with the price above key moving averages, though momentum is near overbought. Valuation is a clear positive, supported by a moderate P/E and strong dividend yield.
Positive Factors
Profitability recovery
The return to positive net income and higher operating profit indicates recovery from prior loss years. Sustained profitability would strengthen capital generation and support Aegon's ability to invest in long-term insurance and retirement franchises.
Negative Factors
Volatile revenue and earnings
The uneven multi-year revenue path and prior negative net results reduce confidence in the consistency of Aegon's earnings power. Volatility can complicate capital planning and make it harder to distinguish structural growth from market-sensitive recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
The return to positive net income and higher operating profit indicates recovery from prior loss years. Sustained profitability would strengthen capital generation and support Aegon's ability to invest in long-term insurance and retirement franchises.
Read all positive factors
Aegon NV (AGN) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€11.87B
Dividend Yield5%
Average Volume (3M)3.79M
Price to Earnings (P/E)12.3
Beta (1Y)0.99
Revenue Growth16.43%
EPS Growth-19.67%
CountryNL
Employees15,304
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)0.65
Shares Outstanding1,573,119,900
10 Day Avg. Volume4,433,204
30 Day Avg. Volume3,794,040
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)1.38
Price to Sales (P/S)0.39
P/FCF Ratio11.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€8.32Price Target Upside5.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.94
Revenue Forecast (FY)€19.35B
Aegon NV Business Overview & Revenue Model
Company Description
Aegon N.V. is a global financial services provider offering insurance, pension plans, and asset management expertise across the Americas, the Netherlands, and the United Kingdom. Its offerings encompass a wide array of insurance products, includin...
How the Company Makes Money
Aegon primarily makes money through (1) insurance and retirement product earnings and (2) fee-based asset management and related services. In its insurance and retirement businesses, it collects premiums and contract deposits from policyholders fo...
Aegon NV Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.11B | 26.86B | 19.52B | 29.54B | 53.77B | 46.14B |
| Gross Profit | 21.55B | 5.67B | 19.52B | 22.88B | -15.85B | 46.14B |
| EBITDA | 1.12B | 1.22B | 635.00M | -204.00M | 1.00B | 2.21B |
| Net Income | 1.01B | 977.00M | 688.00M | -179.00M | -570.00M | 1.98B |
Balance Sheet | ||||||
| Total Assets | 337.73B | 317.23B | 327.39B | 301.58B | 401.79B | 468.25B |
| Cash, Cash Equivalents and Short-Term Investments | 3.52B | 3.19B | 58.18B | 4.07B | 64.31B | 108.25B |
| Total Debt | 3.83B | 5.61B | 5.00B | 4.92B | 6.67B | 12.23B |
| Total Liabilities | 328.74B | 309.62B | 318.08B | 292.03B | 387.60B | 441.88B |
| Stockholders Equity | 8.91B | 7.53B | 9.19B | 7.55B | 14.01B | 26.18B |
Cash Flow | ||||||
| Free Cash Flow | 200.00M | 887.00M | 711.00M | 748.00M | 2.75B | -1.91B |
| Operating Cash Flow | 235.00M | 928.00M | 762.00M | 864.00M | 2.85B | -1.80B |
| Investing Cash Flow | 590.00M | 580.00M | 300.00M | -2.00B | 616.00M | -54.00M |
| Financing Cash Flow | -2.19B | -2.00B | -1.75B | -3.24B | -1.92B | 300.00M |
Aegon NV Technical Analysis
Positive
7.89
Price Trends
7.93
Positive
7.48
Positive
6.89
Positive
Market Momentum
>-0.01
Positive
49.92
Neutral
64.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:AGN, the sentiment is Positive. The current price of 7.89 is below the 20-day moving average (MA) of 8.07, below the 50-day MA of 7.93, and above the 200-day MA of 6.89, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.92 is Neutral, neither overbought nor oversold. The STOCH value of 64.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:AGN.
Aegon NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €2.83B | 16.58 | 14.34% | 5.89% | 4.68% | ― | |
67 Neutral | €84.98B | 13.29 | 13.38% | 4.35% | 5.07% | 16.05% | |
66 Neutral | €33.99B | 14.43 | 10.15% | 3.31% | -2.84% | 11.56% | |
64 Neutral | €11.87B | 12.30 | 12.23% | 4.96% | 16.43% | -19.67% | |
61 Neutral | €14.51B | 12.64 | 14.36% | 4.87% | 6.11% | 8.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €19.59B | 11.52 | 8.86% | 4.86% | 39.01% | 44.63% |
* General Sector Average
NL:AGN
Aegon NV
7.99
1.78
28.64%
NL:ABN
ABN AMRO Group N.V.
41.69
18.10
76.70%
NL:ASRNL
ASR Nederland N.V
72.82
18.02
32.88%
NL:INGA
ING GROEP
30.57
11.13
57.28%
NL:NN
NN Group N.V.
78.10
23.39
42.76%
NL:VLK
Van Lanschot N.V.
65.65
18.05
37.93%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.