Aegon completes 40-to-1 exchange. ING raises target for Aegon stock to EUR 9.15

Published on 10/19/2026 at 10:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ING Wholesale raised its target from EUR 7.40 to EUR 9.15 on October 9, 2026. Aegon stock costs EUR 7.46 on October 19, 2026 against that target.

Share structure and operating result

Aegon completed the 40-to-1 share exchange on October 15, 2026.
First-half 2026 net result reached EUR 608 million versus EUR 606 million.
Aegon stock traded at EUR 7.46 at 10:07 a.m. CEST at Lang & Schwarz on October 19, 2026.
ING Wholesale raised its target to EUR 9.15 on October 9, 2026.

Modernes Glasbürogebäude am Kanal in Den Haag bei Sonnenuntergang, Finanzdienstleistungsviertel — Fotorealistisches Bürogebäude in Den Haag symbolisiert Aegon N.V., ISIN NL0000303709, Versicherungs- und Vermögensverwaltungskonzern am Kanal, Illustration mit AI erstellt.

Aegon (ISIN BMG0112X1056) was trading at EUR 7.46 at Lang & Schwarz on October 19, 2026 at 10:07 a.m. CEST, while the insurer had completed a 40-to-1 exchange of Common Shares B on October 15. The transaction left Aegon with a single class of common stock, according to Aegon.

Three steps changed the structure

The latest corporate action followed three dated milestones. On August 20, 2026, Aegon reported first-half net result of EUR 608 million versus EUR 606 million in the first half of 2025, according to Aegon. On October 8, 2026, shareholders approved the redomiciliation plan and the exchange mandate. On October 15, 2026, the 40-to-1 conversion became effective, ending the dual-class structure.

What does the move change?

The exchange is part of Aegon's planned move to the United States. The company expects the redomiciliation to become effective around January 1, 2028, after which the holding company is expected to be renamed Transamerica Inc., Aegon said on October 15, 2026.

For the operating picture, first-half 2026 operating result rose 9.00 percent to EUR 804 million, according to Simply Wall St. ING Wholesale raised its target from EUR 7.40 to EUR 9.15 on October 9, 2026, while maintaining a buy view, according to Ideal Investisseur.

Two dates shape the transition

Aegon's approved incentive plan is scheduled to take effect on January 1, 2027, according to StockTitan. The broader redomiciliation is expected around January 1, 2028, with the New York headquarters and US-oriented structure forming the next stage of the plan.

Price stays the live marker

The EUR 7.46 Lang & Schwarz quote places the market value below ING Wholesale's EUR 9.15 target, a gap of EUR 1.69 before any adjustment for future execution risks. Aegon is listed on Euronext Amsterdam and the New York Stock Exchange, according to GlobeNewswire.

Aegon was trading at EUR 7.46 at Lang & Schwarz on October 19, 2026 at 10:07 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Aegon stock.