Aegon Soars 2.30% on Dividend Hike, Buyback Plan

Aegon's stock price surged to its highest level since May 2018, with an intraday gain of 2.30%.

The strategy of buying AEG shares after they reach a high and holding for one week resulted in a 38.15% return over the past five years, compared to a benchmark return of 49.45%. The strategy had a Sharpe ratio of 0.59, a maximum drawdown of -20.67%, and a volatility of 24.57%, indicating a moderate risk-adjusted return.

Aegon's recent dividend announcement has positively impacted investor sentiment. The company increased its dividend to $0.1992 from the previous semi-annual dividend of $0.17, which is likely to boost the stock price.

The short-term average of Aegon's stock price is above the long-term average, indicating a general buy signal. This positive forecast suggests that the stock price is expected to continue its upward trend.

Aegon has reported improved Q1 assets under management (AUM) and has set a EUR 200 million share buyback program. The company's confidence in meeting its annual financial targets is likely to positively influence stock valuation.