Thrivent Financial for Lutherans Decreases Stake in AGNC Investment Corp. $AGNC

Thrivent Financial for Lutherans decreased its position in AGNC Investment Corp. (NASDAQ:AGNC) by 24.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 480,397 shares of the real estate investment trust’s stock after selling 158,377 shares during the quarter. Thrivent Financial for Lutherans’ holdings in AGNC Investment were worth $4,703,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of AGNC Investment by 7.2% during the 2nd quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 1,064 shares in the last quarter. Compass Financial Group INC SD lifted its holdings in AGNC Investment by 5.3% in the third quarter. Compass Financial Group INC SD now owns 21,521 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 1,084 shares during the period. KG&L Capital Management LLC boosted its position in AGNC Investment by 2.4% during the 3rd quarter. KG&L Capital Management LLC now owns 48,434 shares of the real estate investment trust’s stock valued at $474,000 after acquiring an additional 1,120 shares in the last quarter. Nwam LLC grew its holdings in shares of AGNC Investment by 4.5% during the 3rd quarter. Nwam LLC now owns 27,353 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 1,177 shares during the period. Finally, Huntington National Bank raised its position in shares of AGNC Investment by 32.2% in the 2nd quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,199 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gary D. Kain sold 700,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the completion of the sale, the director owned 2,189,091 shares of the company’s stock, valued at $26,072,073.81. This represents a 24.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenneth L. Pollack sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total transaction of $605,500.00. Following the completion of the transaction, the executive vice president directly owned 552,297 shares in the company, valued at approximately $6,688,316.67. The trade was a 8.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 775,000 shares of company stock valued at $9,246,000 in the last quarter. 0.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AGNC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, December 29th. Jones Trading cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. JPMorgan Chase & Co. upped their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Piper Sandler lifted their target price on shares of AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 price target (up previously from $11.00) on shares of AGNC Investment in a research note on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.03.

AGNC Investment Trading Up 0.4%

Shares of AGNC stock opened at $11.44 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $12.19. The stock has a market capitalization of $12.27 billion, a P/E ratio of 8.17 and a beta of 1.37. The firm’s 50 day moving average is $11.08 and its 200 day moving average is $10.34.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 19.13%. The firm had revenue of $995.00 million for the quarter, compared to the consensus estimate of $354.75 million. Research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Friday, January 30th. AGNC Investment’s payout ratio is currently 102.86%.

AGNC Investment Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.