On August 8, 2024, Bernice Bell, Executive Vice President and Chief Financial Officer of AGNC Investment Corp (NASDAQ:AGNC), sold 15,000 shares of the company’s stock. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 298,182,311 shares of AGNC Investment Corp.
AGNC Investment Corp is a real estate investment trust that invests primarily in mortgage-backed securities. The company’s portfolio is managed and operated with the objective of achieving attractive returns through favorable interest and credit terms.
Over the past year, the insider has sold a total of 43,000 shares and made no purchases. This recent sale is part of a broader trend seen within the company. Over the past year, there were 11 insider sales and no insider purchases.
On the day of the sale, AGNC Investment Corp shares were trading at $10.05. The company has a market capitalization of approximately $7.88 billion. The stock’s price-to-earnings ratio is 27.22, which is higher than both the industry median of 17.12 and the company’s historical median.
To gain further insight into AGNC Investment Corp’s valuation, the GF Value can provide a useful reference point for understanding the intrinsic value compared to the current trading price.
This insider sale may be of interest to investors who track insider behavior as an indicator of potential stock performance, particularly in the context of company valuation metrics such as price-to-sales, price-to-book, and price-to-free cash flow.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
