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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.