Assenagon Asset Management S.A. Raises Stock Position in Radian Group Inc. (NYSE:RDN)

Assenagon Asset Management S.A. increased its position in Radian Group Inc. (NYSE:RDN - Free Report) by 272.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 828,058 shares of the insurance provider's stock after purchasing an additional 605,956 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.55% of Radian Group worth $28,725,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vest Financial LLC raised its holdings in Radian Group by 8.0% in the third quarter. Vest Financial LLC now owns 806,573 shares of the insurance provider's stock worth $27,980,000 after purchasing an additional 59,909 shares in the last quarter. Schubert & Co acquired a new stake in Radian Group in the third quarter valued at approximately $615,000. Blue Trust Inc. increased its position in shares of Radian Group by 352.4% during the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider's stock worth $87,000 after purchasing an additional 1,949 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Radian Group in the 3rd quarter worth $27,000. Finally, Ellsworth Advisors LLC grew its stake in Radian Group by 4.4% during the 3rd quarter. Ellsworth Advisors LLC now owns 18,776 shares of the insurance provider's stock worth $651,000 after buying an additional 797 shares during the last quarter. Institutional investors own 95.33% of the company's stock.

Radian Group Stock Down 2.2 %

NYSE:RDN traded down $0.77 during midday trading on Friday, reaching $33.56. The company had a trading volume of 540,880 shares, compared to its average volume of 1,007,823. The stock's fifty day simple moving average is $34.96 and its 200-day simple moving average is $33.02. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45. Radian Group Inc. has a 12-month low of $24.62 and a 12-month high of $37.86. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 1.82 and a beta of 1.05.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.87 by $0.12. The company had revenue of $312.37 million during the quarter, compared to analysts' expectations of $324.00 million. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. On average, sell-side analysts anticipate that Radian Group Inc. will post 3.75 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 2.92%. The ex-dividend date was Monday, August 26th. Radian Group's payout ratio is 25.93%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Radian Group

In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.23, for a total value of $130,655.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.23, for a total transaction of $130,655.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert Quigley sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total value of $267,375.00. Following the sale, the chief accounting officer now owns 48,392 shares of the company's stock, valued at $1,725,174.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is currently owned by insiders.

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.