Radian Group Inc. (NYSE:RDN) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 0.69% of Radian Group worth $32,383,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RDN. State Street Corp grew its position in shares of Radian Group by 2.7% in the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider's stock worth $232,433,000 after buying an additional 177,142 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Radian Group by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider's stock valued at $202,789,000 after purchasing an additional 121,166 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Radian Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider's stock valued at $172,365,000 after purchasing an additional 89,363 shares in the last quarter. FMR LLC lifted its holdings in shares of Radian Group by 0.4% during the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider's stock valued at $124,476,000 after purchasing an additional 12,834 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Radian Group by 0.8% in the 2nd 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 in the last quarter. Institutional investors own 95.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RDN shares. Keefe, Bruyette & Woods dropped their target price on Radian Group from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Barclays lifted their target price on shares of Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $36.30.

Insider Activity at Radian Group

In related 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 transaction of $509,528.25. Following the completion of the transaction, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.16% of the stock is owned by company insiders.

Radian Group Stock Performance

Shares of Radian Group stock traded down $0.12 during trading on Friday, hitting $32.97. 917,936 shares of the company's stock traded hands, compared to its average volume of 1,451,749. Radian Group Inc. has a 1 year low of $26.11 and a 1 year high of $37.86. The business has a 50-day simple moving average of $33.29 and a 200-day simple moving average of $34.07. The stock has a market capitalization of $4.91 billion, a P/E ratio of 8.54, a PEG ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The firm had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. As a group, analysts forecast that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Monday, November 25th. Radian Group's payout ratio is currently 25.39%.

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.