Assenagon Asset Management S.A. Has $8.85 Million Holdings in Radian Group Inc. $RDN

Assenagon Asset Management S.A. decreased its holdings in Radian Group Inc. (NYSE:RDN) by 37.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,352 shares of the insurance provider’s stock after selling 147,147 shares during the period. Assenagon Asset Management S.A. owned about 0.18% of Radian Group worth $8,850,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. American Century Companies Inc. grew its position in Radian Group by 5.2% during the second quarter. American Century Companies Inc. now owns 3,848,434 shares of the insurance provider’s stock valued at $138,621,000 after purchasing an additional 190,184 shares in the last quarter. Norges Bank purchased a new stake in Radian Group in the 2nd quarter worth approximately $85,785,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Radian Group during the 2nd quarter valued at $69,714,000. Ameriprise Financial Inc. grew its holdings in shares of Radian Group by 5.3% during the 1st quarter. Ameriprise Financial Inc. now owns 1,569,410 shares of the insurance provider’s stock valued at $51,902,000 after acquiring an additional 79,159 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Radian Group by 11,446.4% during the 1st quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider’s stock valued at $43,339,000 after acquiring an additional 1,299,167 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Radian Group news, EVP Eric Ray sold 13,957 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total transaction of $496,869.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.01% of the stock is owned by company insiders.

Radian Group Stock Performance

Shares of NYSE RDN opened at $36.76 on Friday. The business’s 50-day simple moving average is $34.76 and its 200-day simple moving average is $34.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $38.84. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 9.17 and a beta of 0.83.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. Radian Group had a return on equity of 13.29% and a net margin of 45.90%.The firm had revenue of $303.19 million during the quarter, compared to analysts’ expectations of $308.77 million. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a $0.255 dividend. The ex-dividend date was Monday, November 24th. This represents a $1.02 dividend on an annualized basis and a yield of 2.8%. Radian Group’s dividend payout ratio (DPR) is presently 25.44%.

Analysts Set New Price Targets

RDN has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Radian Group from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a research note on Monday, December 15th. UBS Group reduced their price target on Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Finally, Barclays raised their price objective on shares of Radian Group from $35.00 to $37.00 and gave the company a “cautious” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Radian Group has an average rating of “Moderate Buy” and a consensus price target of $38.75.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.