55,000 Shares in AGNC Investment Corp. (NASDAQ:AGNC) Purchased by Delphi Financial Group Inc.

Delphi Financial Group Inc. purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 55,000 shares of the real estate investment trust’s stock, valued at approximately $544,000. AGNC Investment makes up approximately 0.4% of Delphi Financial Group Inc.’s holdings, making the stock its 21st largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC acquired a new position in AGNC Investment during the 4th quarter valued at about $30,000. Bruce G. Allen Investments LLC acquired a new position in AGNC Investment during the 4th quarter valued at about $37,000. Verity & Verity LLC acquired a new position in AGNC Investment during the 1st quarter valued at about $45,000. CENTRAL TRUST Co acquired a new position in AGNC Investment during the 4th quarter valued at about $46,000. Finally, Allworth Financial LP raised its position in shares of AGNC Investment by 76.5% in the 4th 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.

Insider Transactions at AGNC Investment

In other news, Director Paul E. Mullings sold 5,400 shares of AGNC Investment stock in a transaction 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 completion of the sale, the director now owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total value of $46,750.00. Following the transaction, the director now owns 75,545 shares in the company, valued at $706,345.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Mullings sold 5,400 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,900 shares of company stock valued at $149,030. 0.43% of the stock is currently owned by corporate insiders.

AGNC Investment Stock Performance

AGNC Investment stock traded up $0.06 during mid-day trading on Tuesday, hitting $9.74. 10,472,391 shares of the company’s stock traded hands, compared to its average volume of 11,508,393. The firm has a 50 day simple moving average of $9.67 and a two-hundred day simple moving average of $9.63. AGNC Investment Corp. has a fifty-two week low of $6.81 and a fifty-two week high of $10.64. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 10.70 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. The business had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. During the same quarter last year, the firm posted $0.70 EPS. On average, research analysts expect that AGNC Investment Corp. will post 2.14 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a jun 24 dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.12 per share. This represents a dividend yield of 14.8%. The ex-dividend date of this dividend is Friday, June 28th. AGNC Investment’s dividend payout ratio is currently 158.24%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Keefe, Bruyette & Woods cut their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Jonestrading lowered their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Finally, Janney Montgomery Scott assumed coverage on AGNC Investment in a research note on Thursday, June 6th. They set 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 given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.88.

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).