Aegon's Pivot to U.S. Listing Likely to Boost Share Price
Dow Jones
Aug 24
0723 GMT - Aegon's January 2028 timetable to move its main stock market listing to the U.S. is likely to be positive for the stock, Berenberg's Michael Huttner says. The move will increase passive demand for the stock, and means the Dutch insurance and asset-management company will focus more on making itself attractive to U.S. domestic investors. "We believe that these factors include strong, sustainable top-line growth and the elimination of low-growth legacy operations--businesses that Aegon calls financial assets, and which include long-term care," Berenberg writes. The analyst says Aegon trades at an 18% discount to its valuation. Berenberg has a buy recommendation on the stock with a price target of 9.37 euros. Shares are up 1% at 7.84 euros.
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