Aegon shares fall after buyback miss, move to US

Aegon

10/12/2025 08:45

** Shares in insurer Aegon AEGN.AS fall around 8.5% after announcing a buyback and the move of its headquarters to the U.S. ahead of its Capital Markets Day on Wednesday

** J.P. Morgan say they expect the shares to underperform today after a "disappointing buyback" of EUR 400 million  ($465.92 million) for 2026 which missed the consensus of around EUR 700 million

** However, the broker does note that "the reasons we like this stock have not really changed, and we continue to see material upside to sum-of-the-parts valuation"

** Analysts at ING add they see the move as a positive, but views the cost of it as "considerably more than we expected"

** Shares are on track for their worst day since February of this year, if losses hold

($1 = 0.8585 euros)

 (Reporting by Jakob Van Calster)

 ((jakob.vancalster@thomsonreuters.com))