American International Group Inc. increased its position in shares of Arlington Asset Investment Corp (NYSE:AI) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,906 shares of the financial services provider’s stock after buying an additional 937 shares during the period. American International Group Inc.’s holdings in Arlington Asset Investment Corp were worth $196,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Karp Capital Management Corp purchased a new position in shares of Arlington Asset Investment Corp during the first quarter worth $149,000. SG Americas Securities LLC bought a new stake in Arlington Asset Investment Corp during the first quarter valued at approximately $179,000. Creative Planning boosted its stake in Arlington Asset Investment Corp by 29.3% in the first quarter. Creative Planning now owns 25,954 shares of the financial services provider’s stock valued at $367,000 after buying an additional 5,888 shares in the last quarter. Trexquant Investment LP bought a new stake in Arlington Asset Investment Corp during the first quarter valued at approximately $407,000. Finally, Teachers Advisors LLC boosted its stake in Arlington Asset Investment Corp by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 34,205 shares of the financial services provider’s stock valued at $507,000 after buying an additional 1,690 shares in the last quarter. 42.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Arlington Asset Investment Corp (NYSE:AI) opened at 12.94 on Friday. The company’s market cap is $335.79 million. The stock’s 50 day moving average is $13.34 and its 200-day moving average is $14.16. Arlington Asset Investment Corp has a one year low of $12.63 and a one year high of $17.13.
Arlington Asset Investment Corp (NYSE:AI) last issued its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.02. The business had revenue of $18.93 million during the quarter, compared to analyst estimates of $20.28 million. Arlington Asset Investment Corp had a negative return on equity of 10.44% and a negative net margin of 33.84%. Equities research analysts forecast that Arlington Asset Investment Corp will post $2.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 17.00%. The ex-dividend date was Wednesday, June 28th. Arlington Asset Investment Corp’s dividend payout ratio (DPR) is -146.67%.
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AI has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Arlington Asset Investment Corp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, May 1st. Maxim Group restated a “buy” rating and set a $14.00 price objective (down from $16.00) on shares of Arlington Asset Investment Corp in a research note on Monday, July 24th. BidaskClub upgraded shares of Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. ValuEngine lowered shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Singular Research assumed coverage on shares of Arlington Asset Investment Corp in a research note on Tuesday, August 1st. They issued a “buy” rating and a $14.25 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.15.
About Arlington Asset Investment Corp
Arlington Asset Investment Corp. is an investment company. The Company focuses on acquiring and holding a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
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