Mirae Asset Global Investments Co. Ltd. Has $3.46 Million Stock Position in Radian Group Inc. (NYSE:RDN)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,871 shares of the insurance provider's stock after purchasing an additional 17,053 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of Radian Group worth $3,464,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings in Radian Group by 2.7% during the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider's stock worth $232,433,000 after acquiring an additional 177,142 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in 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 worth $202,789,000 after acquiring an additional 121,166 shares in the last quarter. FMR LLC lifted its holdings in Radian Group by 0.4% during the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider's stock worth $124,476,000 after acquiring an additional 12,834 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Radian Group by 23.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,020,912 shares of the insurance provider's stock worth $32,383,000 after acquiring an additional 192,854 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in Radian Group by 8.0% during the third quarter. Vest Financial LLC now owns 806,573 shares of the insurance provider's stock worth $27,980,000 after acquiring an additional 59,909 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Stock Down 1.9 %

Shares of Radian Group stock traded down $0.61 during trading on Wednesday, reaching $31.97. The stock had a trading volume of 1,141,539 shares, compared to its average volume of 1,207,548. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 1.83 and a beta of 1.06. The stock has a fifty day moving average price of $32.82 and a two-hundred day moving average price of $34.09. Radian Group Inc. has a 52 week low of $27.20 and a 52 week high of $37.86. The company has a current ratio of 0.46, a quick ratio of 2.01 and a debt-to-equity ratio of 0.35.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Sell-side analysts predict that Radian Group Inc. will post 3.67 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from Radian Group's previous quarterly dividend of $0.25. Radian Group's payout ratio is 24.94%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Radian Group has an average rating of "Hold" and a consensus price target of $36.30.

Insider Activity

In related news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the sale, the insider now owns 171,830 shares of the company's stock, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.