Assenagon Asset Management S.A. Has $19.82 Million Holdings in Radian Group Inc. $RDN

Assenagon Asset Management S.A. grew its position in shares of Radian Group Inc. (NYSE:RDN) by 125.3% in the 4th quarter, HoldingsChannel reports. The fund owned 550,634 shares of the insurance provider’s stock after buying an additional 306,282 shares during the period. Assenagon Asset Management S.A.’s holdings in Radian Group were worth $19,817,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Radian Group by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock worth $589,393,000 after purchasing an additional 427,473 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Radian Group by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,443,201 shares of the insurance provider’s stock valued at $197,155,000 after purchasing an additional 177,144 shares in the last quarter. American Century Companies Inc. raised its holdings in Radian Group by 4.4% during the third quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider’s stock worth $145,586,000 after buying an additional 171,049 shares during the last quarter. Norges Bank acquired a new position in Radian Group during the second quarter worth $85,785,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Radian Group by 151.7% in the third quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock valued at $67,842,000 after buying an additional 1,128,852 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Stock Up 0.3%

RDN opened at $33.08 on Friday. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The firm has a market capitalization of $4.51 billion, a P/E ratio of 7.97, a PEG ratio of 1.78 and a beta of 0.80. The company’s 50-day moving average is $33.38 and its 200 day moving average is $34.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 3.40.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Thursday, February 19th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The business had revenue of $300.51 million during the quarter, compared to the consensus estimate of $300.45 million. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. Research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.02 annualized dividend and a yield of 3.1%. Radian Group’s payout ratio is currently 24.58%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RDN. Barclays set a $40.00 price objective on shares of Radian Group in a report on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and set a $45.00 price target on shares of Radian Group in a research note on Friday, January 2nd. UBS Group decreased their price objective on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Zacks Research raised Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $41.00 to $42.00 in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

Radian Group Profile

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.