Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Radian Group Inc. (NYSE:RDN)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Radian Group Inc. (NYSE:RDN) by 18.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,363 shares of the insurance provider’s stock after acquiring an additional 5,120 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Radian Group were worth $953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Louisiana State Employees Retirement System bought a new stake in shares of Radian Group in the 4th quarter worth about $2,187,000. Sequoia Financial Advisors LLC bought a new stake in shares of Radian Group in the 4th quarter worth about $343,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Radian Group by 42.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,084 shares of the insurance provider’s stock worth $4,942,000 after acquiring an additional 51,852 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Radian Group by 149.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 154,958 shares of the insurance provider’s stock worth $4,416,000 after acquiring an additional 92,938 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Radian Group by 923.0% in the 4th quarter. International Assets Investment Management LLC now owns 5,258 shares of the insurance provider’s stock worth $150,000 after acquiring an additional 4,744 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Trading Up 0.1 %

Shares of RDN opened at $30.35 on Monday. Radian Group Inc. has a 1-year low of $22.93 and a 1-year high of $33.69. The company has a 50-day moving average of $30.51 and a 200 day moving average of $28.41. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.86 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 1.65.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The company had revenue of $328.64 million during the quarter, compared to analyst estimates of $319.04 million. During the same quarter last year, the business posted $1.05 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts expect that Radian Group Inc. will post 3.27 EPS for the current year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a dividend of $0.245 per share. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.98 dividend on an annualized basis and a yield of 3.23%. Radian Group’s dividend payout ratio (DPR) is presently 25.93%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $35.00 target price (down previously from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.00.

Radian Group 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.