0746 GMT - Aegon's figures didn't particularly excite but its share buyback looks moderately supportive, Keefe, Bruyette & Woods says in a research note after the Dutch insurer's first-quarter print. The group announced a 200 million euro buyback that will run until the end of 2025, on top of its current 150 million program, which will be completed next month. "We feel that consensus was more optimistic for the year (300 million-400 million euro range we think)," analyst Michele Ballatore writes. The run-rate of its holding cash position, which management is guiding for a normalized level of around 1 billion euros for the year, leaves some flexibility, he adds. Shares are down 1.1% at 6.14 euros. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 16, 2025 03:46 ET (07:46 GMT)
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