Valmark Advisers Inc. Has $1.69 Million Stock Position in Federal Agricultural Mortgage Corporation (NYSE:AGM)

Valmark Advisers Inc. increased its stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,023 shares of the credit services provider’s stock after buying an additional 397 shares during the period. Valmark Advisers Inc. owned 0.08% of Federal Agricultural Mortgage worth $1,692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AGM. Blue Trust Inc. acquired a new position in Federal Agricultural Mortgage during the 4th quarter worth about $25,000. Rhumbline Advisers lifted its position in Federal Agricultural Mortgage by 4.8% during the 4th quarter. Rhumbline Advisers now owns 14,725 shares of the credit services provider’s stock worth $2,900,000 after buying an additional 668 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Federal Agricultural Mortgage during the 4th quarter worth about $100,000. New York State Common Retirement Fund lifted its position in Federal Agricultural Mortgage by 88.5% during the 4th quarter. New York State Common Retirement Fund now owns 6,177 shares of the credit services provider’s stock worth $1,217,000 after buying an additional 2,900 shares in the last quarter. Finally, Denali Advisors LLC bought a new position in Federal Agricultural Mortgage in the 4th quarter valued at $2,226,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Up 2.6%

Shares of AGM opened at $193.09 on Tuesday. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.55 and a beta of 0.99. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.53 and a current ratio of 0.53. The business’s fifty day moving average price is $183.92 and its two-hundred day moving average price is $190.91. Federal Agricultural Mortgage Corporation has a 52 week low of $159.64 and a 52 week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $4.00 by $0.19. The firm had revenue of $96.79 million for the quarter, compared to analyst estimates of $94.33 million. Federal Agricultural Mortgage had a return on equity of 18.77% and a net margin of 12.65%. On average, analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $1.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.00 dividend on an annualized basis and a yield of 3.11%. Federal Agricultural Mortgage’s payout ratio is 37.08%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $215.00 price objective (down from $230.00) on shares of Federal Agricultural Mortgage in a research report on Monday, May 12th.

Insider Activity

In other news, Director Sara Louise Faivre-Davis sold 350 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $192.26, for a total value of $67,291.00. Following the transaction, the director now owns 1,751 shares of the company’s stock, valued at $336,647.26. This represents a 16.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric T. Mckissack sold 728 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $192.37, for a total value of $140,045.36. Following the completion of the transaction, the director now directly owns 2,357 shares in the company, valued at approximately $453,416.09. This trade represents a 23.60% decrease in their position. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.