Delphi Financial Group Inc. Takes Position in AGNC Investment Corp. $AGNC

Delphi Financial Group Inc. purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,500 shares of the real estate investment trust’s stock, valued at approximately $574,000. AGNC Investment accounts for about 0.4% of Delphi Financial Group Inc.’s investment portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of AGNC Investment by 24.2% in the 1st quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 1,261 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in AGNC Investment in the first quarter worth about $266,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of AGNC Investment during the first quarter valued at approximately $1,176,000. Avantax Advisory Services Inc. increased its stake in shares of AGNC Investment by 73.0% during the first quarter. Avantax Advisory Services Inc. now owns 127,866 shares of the real estate investment trust’s stock valued at $1,225,000 after purchasing an additional 53,968 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of AGNC Investment by 36.0% during the first quarter. Cetera Investment Advisers now owns 630,800 shares of the real estate investment trust’s stock valued at $6,043,000 after purchasing an additional 167,101 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

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

AGNC Investment Stock Performance

Shares of AGNC opened at $10.56 on Thursday. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.64. The business’s fifty day simple moving average is $10.07 and its two-hundred day simple moving average is $9.67. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 15.76 and a beta of 1.34.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly 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 the consensus estimate of $466.39 million. During the same period in the previous year, the company earned $0.43 earnings per share. Research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

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

Insider Buying and Selling at AGNC Investment

In other news, CEO Peter J. Federico sold 45,798 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $10.27, for a total transaction of $470,345.46. Following the completion of the transaction, the chief executive officer directly owned 1,557,401 shares of the company’s stock, valued at $15,994,508.27. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by insiders.

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).