Agnc Investment Stock Intrinsic Value – Principal Financial Group Reduces Investment in AGNC Investment Corp
June 19, 2023
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AGNC ($NASDAQ:AGNC) Investment Corp is a leading mortgage real estate investment trust (REIT) that invests in agency mortgage-backed securities on a leveraged basis. The company is based in Bethesda, Maryland and is listed on the NASDAQ under the ticker symbol AGNC. Recently, Principal Financial Group Inc. reduced their stake in AGNC Investment Corp. shares. This announcement was made following the company’s quarterly report to the Securities and Exchange Commission in which it reported an increase in total assets under management and net asset value, despite the drop in AGNC Investment Corp. shares.
The company did not provide any details regarding the reasons for the reduction in their holdings of AGNC Investment Corp. shares. Investors have been watching closely to see what impact this could have on the stock price of AGNC Investment Corp. and other related stocks in the same sector. It remains to be seen what effect this news will have in the long-term on the performance of AGNC Investment Corp.’s stock and the financial markets overall.
Stock Price
On Monday, AGNC INVESTMENT Corp saw its stock open and close at $9.5, with a 0.2% increase from the previous day’s close. On the same day, Principal Financial Group Inc., one of AGNC INVESTMENT’s major shareholders, announced its reduction of stake in the company. This news caused some fluctuations in AGNC INVESTMENT’s stock prices, but it eventually closed at $9.5 on the same day. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Agnc Investment. More…
| Total Revenues | Net Income | Net Margin |
| -615 | -800 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Agnc Investment. More…
| Operations | Investing | Financing |
| 1.01k | 11.19k | -11.39k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Agnc Investment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 66.11k | 58.32k | 10.85 |
Key Ratios Snapshot
Some of the financial key ratios for Agnc Investment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Agnc Investment Stock Intrinsic Value
At GoodWhale, we’ve taken a closer look at AGNC INVESTMENT‘s fundamentals and, after careful analysis, have come to a conclusion about its intrinsic value. Our proprietary Valuation Line tells us that the intrinsic value of AGNC INVESTMENT’s share is around $11.6. Currently, however, AGNC INVESTMENT stock is trading at just $9.5 – a price that is undervalued by 18.0%. This presents investors with an excellent buying opportunity as they could purchase shares at a discount to their true worth. More…
Peers
The company is headquartered in Bethesda, Maryland, and is externally managed by American Capital Agency Management LLC, a wholly owned subsidiary of American Capital Ltd. AGNC Investment Corp’s primary competitors are Invesco Mortgage Capital Inc, Chimera Investment Corp, and Orchid Island Capital Inc. All three companies are REITs that invest in RMBS.
– Invesco Mortgage Capital Inc ($NYSE:IVR)
Invesco Mortgage Capital Inc. has a market cap of 354.68M as of 2022. The company is a real estate investment trust that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans.
– Chimera Investment Corp ($NYSE:CIM)
Chimera Investment Corporation is a real estate investment trust that invests primarily in residential mortgage-backed securities, commercial mortgage loans, and other real estate-related assets. The company has a market cap of $1.3 billion as of 2022. Chimera was founded in 2007 and is headquartered in New York, NY.
– Orchid Island Capital Inc ($NYSE:ORC)
Orchid Island Capital Inc is a real estate investment trust that specializes in investing in residential mortgage-backed securities. The company has a market cap of 324.1M as of 2022. Orchid Island Capital Inc is headquartered in Vero Beach, Florida.
Summary
Recently, two analysts have issued reports on AGNC Investment Corp. The average rating for the stock is “Hold”, according to the research firm Zacks Investment Research. Investors are increasingly weighing in on the prospects of AGNC Investment Corp, and several recent pieces of research have indicated that the company is a “strong buy”.
