AGNC Investment Corp. (NASDAQ:AGNC) Shares Sold by Aviva PLC

Aviva PLC lowered its holdings in AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 71,768 shares of the real estate investment trust’s stock after selling 1,168 shares during the quarter. Aviva PLC’s holdings in AGNC Investment were worth $743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Worth Asset Management LLC acquired a new stake in shares of AGNC Investment in the first quarter worth $35,000. Raleigh Capital Management Inc. increased its stake in shares of AGNC Investment by 278.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 3,024 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 2,224 shares during the period. Huntington National Bank boosted its holdings in AGNC Investment by 313,200.0% during the fourth quarter. Huntington National Bank now owns 3,133 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 3,132 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in AGNC Investment by 178.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,666 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 2,351 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in AGNC Investment by 41.6% during the fourth quarter. Spire Wealth Management now owns 4,412 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,297 shares in the last quarter. Institutional investors and hedge funds own 40.87% of the company’s stock.

Insider Buying and Selling

In related news, Director Gary D. Kain sold 350,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $9.30, for a total transaction of $3,255,000.00. Following the completion of the sale, the director now directly owns 1,807,479 shares in the company, valued at $16,809,554.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Gary D. Kain sold 350,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $9.30, for a total transaction of $3,255,000.00. Following the completion of the sale, the director now directly owns 1,807,479 shares in the company, valued at $16,809,554.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bernice Bell sold 5,100 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $9.86, for a total transaction of $50,286.00. Following the sale, the executive vice president now owns 258,100 shares of the company’s stock, valued at $2,544,866. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 371,698 shares of company stock worth $3,469,046. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

AGNC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of AGNC Investment from $12.50 to $11.00 in a report on Monday, April 24th. Maxim Group increased their price target on shares of AGNC Investment from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. Royal Bank of Canada increased their price target on shares of AGNC Investment from $9.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, February 7th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Finally, Argus downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Monday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.69.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $9.21 on Monday. The firm has a 50-day simple moving average of $9.76 and a 200-day simple moving average of $10.27. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of -5.90 and a beta of 1.22. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 52 week low of $7.30 and a 52 week high of $12.89.

AGNC Investment (NASDAQ:AGNC – Get Rating) last issued its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. AGNC Investment had a negative net margin of 49.78% and a positive return on equity of 29.22%. The business had revenue of $351.00 million during the quarter, compared to analysts’ expectations of $419.83 million. During the same period in the prior year, the business earned $0.72 earnings per share. The company’s quarterly revenue was down 21.7% compared to the same quarter last year. On average, equities analysts predict that AGNC Investment Corp. will post 2.36 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a may 23 dividend, which will be paid on Friday, June 9th. Investors of record on Wednesday, May 31st will be given a dividend of $0.12 per share. This represents a yield of 15.7%. The ex-dividend date of this dividend is Tuesday, May 30th. AGNC Investment’s payout ratio is currently -92.31%.

About AGNC Investment

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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).