AIA Group Ltd Makes New Investment in AGNC Investment Corp. (NASDAQ:AGNC)

AIA Group Ltd acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the 4th quarter, Holdings Channel reports. The firm acquired 32,011 shares of the real estate investment trust’s stock, valued at approximately $314,000.

Several other institutional investors and hedge funds have also bought and sold shares of AGNC. Raymond James Financial Services Advisors Inc. increased its stake in shares of AGNC Investment by 50.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 46,983 shares of the real estate investment trust’s stock valued at $615,000 after purchasing an additional 15,758 shares in the last quarter. US Bancorp DE increased its position in shares of AGNC Investment by 68.9% during the first quarter. US Bancorp DE now owns 29,371 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 11,982 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of AGNC Investment during the first quarter valued at approximately $137,000. Yousif Capital Management LLC increased its position in shares of AGNC Investment by 5.2% during the first quarter. Yousif Capital Management LLC now owns 36,096 shares of the real estate investment trust’s stock valued at $473,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of AGNC Investment by 2.3% during the first quarter. Sei Investments Co. now owns 517,988 shares of the real estate investment trust’s stock valued at $6,757,000 after acquiring an additional 11,711 shares in the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Trading Up 1.0 %

Shares of AGNC Investment stock opened at $9.15 on Friday. The company’s fifty day simple moving average is $9.56 and its 200-day simple moving average is $9.25. The stock has a market capitalization of $6.36 billion, a PE ratio of 915.92 and a beta of 1.45. AGNC Investment Corp. has a 1-year low of $6.81 and a 1-year high of $10.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.11. The business had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $570.42 million. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. During the same quarter last year, the company posted $0.74 EPS. As a group, equities analysts anticipate that AGNC Investment Corp. will post 2.16 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s dividend payout ratio (DPR) is 14,414.41%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AGNC. Barclays raised their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, January 22nd. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Jonestrading began coverage on shares of AGNC Investment in a report on Friday, March 22nd. They issued a “buy” rating and a $10.75 target price on the stock. Royal Bank of Canada dropped their target price on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and an average price target of $9.93.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 10,000 shares of AGNC Investment stock in a transaction on Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction of $98,500.00. Following the transaction, the chief financial officer now owns 287,282 shares in the company, valued at approximately $2,829,727.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by corporate insiders.

AGNC Investment Company Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).