AIA Group Ltd Has $360,000 Position in AGNC Investment Corp. (NASDAQ:AGNC)

AIA Group Ltd increased its position in AGNC Investment Corp. (NASDAQ:AGNC) by 13.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 36,387 shares of the real estate investment trust’s stock after acquiring an additional 4,376 shares during the period. AIA Group Ltd’s holdings in AGNC Investment were worth $360,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC acquired a new position in AGNC Investment during the fourth quarter valued at approximately $30,000. Bruce G. Allen Investments LLC bought a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $37,000. Verity & Verity LLC bought a new stake in shares of AGNC Investment in the first quarter valued at approximately $45,000. CENTRAL TRUST Co bought a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $46,000. Finally, Allworth Financial LP boosted its position in shares of AGNC Investment by 76.5% in the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,096 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Stock Up 3.0 %

NASDAQ AGNC traded up $0.30 during trading on Friday, hitting $10.45. The stock had a trading volume of 29,183,452 shares, compared to its average volume of 11,732,027. The company has a market capitalization of $7.60 billion, a PE ratio of 11.48 and a beta of 1.48. The company’s 50-day moving average price is $9.72 and its two-hundred day moving average price is $9.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. AGNC Investment Corp. has a 12 month low of $6.81 and a 12 month high of $10.64.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $642.00 million for the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. During the same quarter in the previous year, the business posted $0.70 EPS. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 2.14 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a jul 24 dividend, which will be paid on Friday, August 9th. Shareholders of record on Wednesday, July 31st will be paid a $0.12 dividend. This represents a yield of 13.8%. The ex-dividend date is Wednesday, July 31st. AGNC Investment’s payout ratio is 158.24%.

Analyst Ratings Changes

AGNC has been the subject of several research reports. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Keefe, Bruyette & Woods increased their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday. Jonestrading reduced their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Finally, Janney Montgomery Scott initiated coverage on AGNC Investment in a research report on Thursday, June 6th. They issued a “buy” rating and a $10.50 target price for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.94.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the transaction, the director now owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the transaction, the chief financial officer now owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the transaction, the director now directly owns 111,827 shares in the company, valued at $1,051,173.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,900 shares of company stock worth $149,030. Corporate insiders own 0.52% of the company’s stock.

AGNC Investment 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).