AIA Group Ltd Buys 93,965 Shares of AGNC Investment Corp. $AGNC

AIA Group Ltd increased its position in AGNC Investment Corp. (NASDAQ:AGNC) by 60.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,301 shares of the real estate investment trust’s stock after purchasing an additional 93,965 shares during the quarter. AIA Group Ltd’s holdings in AGNC Investment were worth $2,431,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new position in AGNC Investment during the 3rd quarter valued at about $29,000. National Bank of Canada FI boosted its stake in shares of AGNC Investment by 100.9% during the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,690 shares in the last quarter. WealthCollab LLC purchased a new position in AGNC Investment during the third quarter valued at approximately $33,000. Financial Life Planners purchased a new position in AGNC Investment during the third quarter valued at approximately $34,000. Finally, WFA of San Diego LLC bought a new position in AGNC Investment in the second quarter worth approximately $37,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on AGNC. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of AGNC Investment in a research report on Thursday, January 29th. Wall Street Zen lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Wells Fargo & Company upped their price objective on AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research report on Monday, December 29th. Finally, JonesTrading lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.03.

Insiders Place Their Bets

In related news, Director Gary D. Kain sold 700,000 shares of AGNC Investment stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the completion of the sale, the director owned 2,189,091 shares of the company’s stock, valued at $26,072,073.81. The trade was a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bernice Bell sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total value of $303,500.00. Following the completion of the sale, the executive vice president owned 491,728 shares in the company, valued at approximately $5,969,577.92. This represents a 4.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 775,000 shares of company stock valued at $9,246,000. 0.40% of the stock is owned by company insiders.

AGNC Investment Stock Down 0.1%

Shares of AGNC stock opened at $10.29 on Friday. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $12.19. The stock’s fifty day moving average price is $11.26 and its 200 day moving average price is $10.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 7.35 and a beta of 1.37.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $354.75 million. AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%. On average, research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be paid a $0.12 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 14.0%. AGNC Investment’s dividend payout ratio (DPR) is 102.86%.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.