Radian Group Inc. (NYSE:RDN) Stock Holdings Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Radian Group Inc. (NYSE:RDN) by 272.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 828,058 shares of the insurance provider’s stock after acquiring an additional 605,956 shares during the period. Assenagon Asset Management S.A.’s holdings in Radian Group were worth $28,725,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Radian Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock valued at $684,096,000 after purchasing an additional 69,383 shares in the last quarter. LSV Asset Management increased its stake in Radian Group by 0.8% in the 1st quarter. LSV Asset Management now owns 6,863,814 shares of the insurance provider’s stock valued at $229,732,000 after buying an additional 52,397 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Radian Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock valued at $172,365,000 after buying an additional 89,363 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Radian Group by 0.8% during the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock worth $97,437,000 after purchasing an additional 25,862 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Radian Group by 18.2% during the 2nd quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock worth $88,136,000 after buying an additional 435,751 shares during the period. 95.33% of the stock is owned by institutional investors.

Radian Group Trading Down 2.3 %

Shares of RDN stock opened at $33.55 on Friday. Radian Group Inc. has a 52-week low of $24.62 and a 52-week high of $37.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a fifty day simple moving average of $34.96 and a two-hundred day simple moving average of $33.01. The firm has a market capitalization of $5.05 billion, a PE ratio of 8.88, a PEG ratio of 1.82 and a beta of 1.05.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. The company had revenue of $312.37 million for the quarter, compared to the consensus estimate of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. On average, analysts predict that Radian Group Inc. will post 3.75 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were issued a $0.245 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 2.92%. Radian Group’s dividend payout ratio (DPR) is presently 25.93%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RDN shares. Roth Mkm upped their price target on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays increased their price target on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised their price target on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.10.

Insider Buying and Selling at Radian Group

In other news, insider Derek Brummer sold 35,153 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the transaction, the insider now directly owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Eric Ray sold 53,791 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares in the company, valued at $6,595,877.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 119,772 shares of company stock valued at $4,260,796. Corporate insiders own 2.16% of the company’s stock.

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.