AGNC Investment Corp. authorized a new $1 billion stock repurchase program. The buyback authorization extends through 2026. This move signals a shift from the company's previous capital-raising activities.
The firm is repositioning its portfolio toward higher coupon agency mortgage-backed securities. It is also increasing interest rate hedging to improve capital efficiency and manage risk.
AGNC shares have risen over the past year. However, the stock remains down year-to-date. The program aims to balance shareholder returns with balance sheet strength.