Thrivent Financial for Lutherans Acquires 85,654 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Thrivent Financial for Lutherans grew its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 781,749 shares of the real estate investment trust's stock after purchasing an additional 85,654 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.09% of AGNC Investment worth $7,200,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AGNC. Financial Life Planners bought a new stake in shares of AGNC Investment in the 4th quarter valued at $28,000. Point72 Asset Management L.P. bought a new position in shares of AGNC Investment during the 3rd quarter worth about $32,000. Spire Wealth Management boosted its position in shares of AGNC Investment by 94.5% during the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,972 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in shares of AGNC Investment by 775.6% in the 4th quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 515,148 shares during the period. Finally, Avior Wealth Management LLC increased its position in AGNC Investment by 413.8% in the 4th quarter. Avior Wealth Management LLC now owns 8,853 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 7,130 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com upgraded AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada restated an "outperform" rating and set a $11.00 price target on shares of AGNC Investment in a research note on Thursday, January 30th. Argus raised shares of AGNC Investment to a "hold" rating in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price target on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods cut their target price on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, AGNC Investment has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.

AGNC Investment Price Performance

Shares of AGNC Investment stock remained flat at $9.76 on Thursday. 25,492,944 shares of the stock were exchanged, compared to its average volume of 16,437,311. The business has a 50 day moving average of $10.14 and a 200 day moving average of $9.92. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 10.06 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. As a group, analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.12 per share. This represents a yield of 14.1%. The ex-dividend date is Monday, March 31st. AGNC Investment's dividend payout ratio (DPR) is presently 148.45%.

AGNC Investment 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).