Elo Mutual Pension Insurance Co Grows Stake in AGNC Investment Corp. $AGNC

Elo Mutual Pension Insurance Co raised its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 55.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,156 shares of the real estate investment trust’s stock after purchasing an additional 43,239 shares during the period. Elo Mutual Pension Insurance Co’s holdings in AGNC Investment were worth $1,113,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AGNC. Kingstone Capital Partners Texas LLC grew its stake in AGNC Investment by 241,567.4% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock worth $446,651,000 after buying an additional 46,368,867 shares during the last quarter. Nuveen LLC purchased a new stake in AGNC Investment in the first quarter valued at about $30,546,000. Vanguard Group Inc. boosted its holdings in AGNC Investment by 3.0% in the first quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust’s stock worth $821,765,000 after acquiring an additional 2,462,337 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of AGNC Investment by 10.9% during the second quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock worth $229,990,000 after acquiring an additional 2,461,255 shares during the last quarter. Finally, Equity Investment Corp grew its stake in shares of AGNC Investment by 27.0% during the second quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock worth $86,298,000 after acquiring an additional 1,995,369 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Up 1.5%

AGNC stock opened at $10.56 on Friday. The company has a market capitalization of $11.33 billion, a P/E ratio of 15.76 and a beta of 1.34. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.64. The firm’s fifty day simple moving average is $10.08 and its 200-day simple moving average is $9.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. The business had revenue of $836.00 million for the quarter, compared to analyst estimates of $466.39 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. As a group, equities research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Friday, November 28th will be issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Friday, November 28th. AGNC Investment’s payout ratio is 214.93%.

Insider Activity

In related news, CEO Peter J. Federico sold 45,798 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $10.27, for a total transaction of $470,345.46. Following the sale, the chief executive officer directly owned 1,557,401 shares of the company’s stock, valued at $15,994,508.27. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AGNC has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a report on Monday. UBS Group lifted their price objective on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Piper Sandler upped their target price on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Finally, Jones Trading restated a “buy” rating and issued a $10.00 target price on shares of AGNC Investment in a research note on Tuesday, October 21st. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.18.

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).