AGEAS/S (OTCMKTS:AGESY) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of AGEAS/S (OTCMKTS:AGESY) from a hold rating to a buy rating in a report released on Tuesday morning, reports. The firm currently has $41.00 target price on the financial services provider’s stock.

According to Zacks, “Ageas, formerly known as Fortis, is an international insurance company. The Company has chosen to concentrate its business activities in Europe and Asia. Ageas offers international insurance services such as life and non-life, disability, and medical to individuals and groups. The Company also has subsidiaries in France, Germany, Turkey, Ukraine and Hong Kong. Ageas operates partnerships in Luxembourg, Italy, Portugal, China, Malaysia, India and Thailand. “

A number of other analysts have also recently commented on AGESY. Royal Bank of Canada reaffirmed a sector perform rating on shares of AGEAS/S in a research report on Friday, June 19th. ValuEngine lowered AGEAS/S from a hold rating to a sell rating in a research report on Monday, March 30th. Credit Suisse Group initiated coverage on shares of AGEAS/S in a research report on Monday, May 18th. They set an underperform rating for the company. Berenberg Bank started coverage on shares of AGEAS/S in a report on Tuesday, June 23rd. They issued a hold rating on the stock. Finally, UBS Group reiterated a neutral rating on shares of AGEAS/S in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $41.00.

AGESY stock opened at $38.48 on Tuesday. The stock has a market capitalization of $7.33 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. AGEAS/S has a 52 week low of $26.91 and a 52 week high of $60.83. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $36.22 and a 200 day moving average of $43.38.

AGEAS/S (OTCMKTS:AGESY) last posted its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $2.66 earnings per share (EPS) for the quarter. The business had revenue of $2.01 billion during the quarter. AGEAS/S had a net margin of 9.31% and a return on equity of 9.04%. On average, equities research analysts expect that AGEAS/S will post 5.79 earnings per share for the current year.

The business also recently declared an annual dividend, which was paid on Thursday, June 11th. Investors of record on Wednesday, June 3rd were given a dividend of $0.207 per share. This represents a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, June 2nd. AGEAS/S’s dividend payout ratio is currently 3.69%.


ageas SA/NV, together with its subsidiaries, engages in insurance business in Europe and Asia. It operates through Belgium, United Kingdom, Continental Europe, Asia, and Reinsurance segments. The company primarily offers property, casualty, and life insurance products, as well as pension products; and reinsurance products.

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