Assenagon Asset Management S.A. Acquires 192,854 Shares of Radian Group Inc. (NYSE:RDN)

Assenagon Asset Management S.A. increased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 23.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,020,912 shares of the insurance provider’s stock after purchasing an additional 192,854 shares during the period. Assenagon Asset Management S.A. owned approximately 0.69% of Radian Group worth $32,383,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Radian Group in the 3rd quarter valued at $27,000. Blue Trust Inc. grew its holdings in Radian Group by 352.4% in the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 1,949 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Radian Group in the second quarter valued at $116,000. KBC Group NV raised its holdings in shares of Radian Group by 19.0% during the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 716 shares during the period. Finally, Forum Financial Management LP acquired a new stake in shares of Radian Group in the 3rd quarter valued at about $201,000. 95.33% of the stock is currently owned by institutional investors.

Radian Group Stock Performance

Shares of RDN opened at $33.13 on Friday. Radian Group Inc. has a 52 week low of $26.11 and a 52 week high of $37.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a 50 day moving average price of $33.29 and a two-hundred day moving average price of $34.07. The firm has a market capitalization of $4.93 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.66 and a beta of 1.06.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. The business had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. Equities analysts forecast that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group’s dividend payout ratio (DPR) is presently 25.39%.

Insiders Place Their Bets

In other news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now owns 171,830 shares in the company, valued at $5,953,909.50. The trade was a 7.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RDN has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Barclays increased their target price on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.30.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.