Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) CFO Sells $32,620.00 in Stock

AGNC Investment Corp. (NASDAQ:AGNC) CFO Bernice Bell sold 3,500 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the sale, the chief financial officer now owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Bernice Bell also recently made the following trade(s):

• On Monday, May 6th, Bernice Bell sold 2,000 shares of AGNC Investment stock. The stock was sold at an average price of $9.45, for a total transaction of $18,900.00.

AGNC Investment Stock Up 0.1 %

Shares of AGNC stock opened at $9.53 on Thursday. AGNC Investment Corp. has a 52-week low of $6.81 and a 52-week high of $10.64. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 10.47 and a beta of 1.45. The firm’s 50-day moving average is $9.53 and its 200-day moving average is $9.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The company had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. During the same period last year, the firm posted $0.70 earnings per share. Sell-side analysts predict that AGNC Investment Corp. will post 2.1 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a may 24 dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st will be given a dividend of $0.12 per share. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Hedge Funds Weigh In On AGNC Investment

Institutional investors and hedge funds have recently made changes to their positions in the company. Rogco LP acquired a new position in AGNC Investment in the 1st quarter valued at $148,000. Cozad Asset Management Inc. boosted its position in shares of AGNC Investment by 6.0% in the first quarter. Cozad Asset Management Inc. now owns 141,778 shares of the real estate investment trust’s stock valued at $1,404,000 after acquiring an additional 8,027 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of AGNC Investment by 6.7% in the first quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 1,059 shares in the last quarter. US Bancorp DE increased its position in AGNC Investment by 26.3% during the first quarter. US Bancorp DE now owns 62,676 shares of the real estate investment trust’s stock worth $620,000 after acquiring an additional 13,041 shares during the period. Finally, Atomi Financial Group Inc. increased its position in AGNC Investment by 17.0% during the first quarter. Atomi Financial Group Inc. now owns 25,257 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 3,663 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

Analyst Ratings Changes

AGNC has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. Jonestrading reduced their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Compass Point assumed coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price objective for the company. Barclays upped their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $9.79.

About AGNC Investment

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).