Thrivent Financial for Lutherans Sells 158,377 Shares of AGNC Investment Corp. $AGNC

Thrivent Financial for Lutherans decreased its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 24.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of AGNC Investment by 10.9% during the 2nd quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock valued at $229,990,000 after acquiring an additional 2,461,255 shares during the period. State Street Corp lifted its holdings in AGNC Investment by 12.9% during the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock valued at $155,383,000 after purchasing an additional 1,906,785 shares in the last quarter. Norges Bank bought a new position in shares of AGNC Investment in the second quarter worth approximately $109,814,000. Equity Investment Corp increased its stake in shares of AGNC Investment by 27.0% in 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 purchasing an additional 1,995,369 shares in the last quarter. Finally, Davidson Investment Advisors raised its position in shares of AGNC Investment by 12.6% during the 3rd quarter. Davidson Investment Advisors now owns 4,295,811 shares of the real estate investment trust’s stock valued at $42,056,000 after purchasing an additional 482,130 shares during the period. Institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, December 29th. Piper Sandler upped their price objective on AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Wells Fargo & Company lifted their target price on AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $12.00 price target (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. Finally, Wall Street Zen lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, AGNC Investment has an average rating of “Hold” and an average target price of $11.03.

Insiders Place Their Bets

In other AGNC Investment news, EVP Kenneth L. Pollack sold 50,000 shares of the business’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 owned 552,297 shares in the company, valued at $6,688,316.67. The trade was a 8.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary D. Kain sold 700,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $11.91, for a total value of $8,337,000.00. Following the transaction, the director directly owned 2,189,091 shares in the company, valued at approximately $26,072,073.81. This represents a 24.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 775,000 shares of company stock valued at $9,246,000 over the last 90 days. Insiders own 0.42% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $11.44 on Friday. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 8.17 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a 50 day moving average price of $11.08 and a 200-day moving average price of $10.34. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $12.19.

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 company had revenue of $995.00 million for the quarter, compared to analysts’ expectations of $354.75 million. Equities analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

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

About AGNC Investment

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.