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Ageas SA/ NV ADR AGESY Stock Quote

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Last close prices updated as of Feb 02, 2023, 3:54 PM EST | USD
  • Last Close 49.19
  • Sector Financial Services
  • Industry Insurance - Diversified
  • Investment Style Mid Value
  • Day Range 48.77  –  49.00
  • Year Range 33.91  –  52.51
  • Market Cap 8.9682 Bil
  • Volume / Avg 1,211.0 /  7,328.8
  • Price / Sales 0.82
  • Price / Book 0.92
  • Forward Div Yield 9.03%
  • Trailing Div Yield 9.09%

Morningstar‘s Stock Analysis AGESY

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Is it the right time to buy or sell?

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Ageas Has Good Partnerships, but No Clear Strategic Direction Conveyed to Investors

Henry Heathfield Equity Analyst

Business Strategy and Outlook

| Henry Heathfield |

We think Ageas is lacking clear direction and a proven strategy. Ageas is present in Belgium, U.K., continental Europe, and Asia as well as running its own reinsurance operation. Tack on to that the importance of the business’ asset management, you are essentially left with a business that has six divisions. This is simply too many in our view. Insurance is a complex set of products and the historical approach has been one of diversification. However, what we frequently see within primary insurers and in particular multilines, with increasing diversification these businesses can lack specific expertise and master none. We understand that this approach to diversification is highly important in the reinsurance business. With exposure to large and lumpy losses these businesses will want to ensure that during those times they have more steady and reliable sources of income. But for primary insurers much of this tail risk is indemnified and this leaves managerial attention a crucial input for shareholder outcomes. What we tend to find within this and in particular in smaller multilines, is this diversification leads to a dilution of expertise and thus reduces firms' dominance in their chosen fields.

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Key Statistics AGESY

Company Profile AGESY

Business Description

Ageas is a life and nonlife insurance company that derives most of its income from life and savings, mostly from Belgium and is headquartered in Brussels. Ageas is essentially the result of the failed bid for ABN Amro by Banco Santander; Fortis; Royal Bank of Scotland. The capital requirements placed on these banks as a result of the acquisition combined with severe write-downs on its collateralised debt obligations in the case of Fortis left the business requiring capital. Understandably, a less successful capital raising that took place during the global financial crisis wasn't enough and the bank, Fortis, had to be sold and nationalised. What remained was Fortis Insurance, which in 2010 was renamed to Ageas.

Rue du Marquis 1/Markiesstraat 1, Box 7
Brussels, 1000, BEL
Industry Insurance - Diversified
Employees 10,101

FAQs for Ageas SA/ NV ADR Stock

Yes. AGESY has a forward dividend yield of 9.03%. See AGESY’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

AGESY’s market cap is 8.97 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

AGESY’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

AGESY’s price/sales is 0.82.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

AGESY’s price/forward earnings is 9.66.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

AGESY’s price/book is 0.92.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See AGESY’s valuation ratios compared to the Market Index.

AGESY’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare AGESY’s historical performance against its industry peers and the overall market.