Radian Group Inc. (NYSE:RDN) Holdings Trimmed by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 48.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 526,950 shares of the insurance provider's stock after selling 493,962 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.37% of Radian Group worth $17,426,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Picton Mahoney Asset Management raised its stake in Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after buying an additional 342 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after buying an additional 485 shares in the last quarter. Covestor Ltd raised its stake in Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after buying an additional 355 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Radian Group by 124.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after buying an additional 1,320 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after buying an additional 2,119 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Transactions at Radian Group

In other news, EVP Edward J. Hoffman sold 10,000 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $34.00, for a total value of $340,000.00. Following the completion of the transaction, the executive vice president now owns 191,586 shares of the company's stock, valued at approximately $6,513,924. This represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Eric Ray sold 30,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $33.30, for a total value of $999,000.00. Following the transaction, the executive vice president now directly owns 13,957 shares of the company's stock, valued at $464,768.10. This represents a 68.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,378 shares of company stock valued at $2,224,414. 2.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RDN has been the topic of several research reports. Keefe, Bruyette & Woods restated an "outperform" rating and set a $38.00 price objective (up previously from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Compass Point cut Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Finally, UBS Group upped their price objective on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Radian Group currently has an average rating of "Hold" and a consensus price target of $36.83.

Radian Group Stock Performance

Shares of Radian Group stock traded down $0.16 on Friday, reaching $34.24. 1,039,500 shares of the company were exchanged, compared to its average volume of 1,237,540. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The company's 50-day moving average is $33.06 and its two-hundred day moving average is $32.86. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The business had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. During the same period in the prior year, the company posted $1.03 EPS. The business's revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 21st that permits the company to buyback $750.00 million in shares. This buyback authorization permits the insurance provider to reacquire up to 16.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.98%. Radian Group's payout ratio is 25.95%.

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.