Deutsche Bank AG Makes New Investment in Radian Group Inc. $RDN

Deutsche Bank AG bought a new stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 346,985 shares of the insurance provider's stock, valued at approximately $13,071,000. Deutsche Bank AG owned approximately 0.26% of Radian Group at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RDN. Northwestern Mutual Wealth Management Co. lifted its position in shares of Radian Group by 178.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider's stock worth $27,000 after purchasing an additional 476 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 572 shares in the last quarter. Fifth Third Bancorp grew its position in Radian Group by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 360 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Radian Group in the 3rd quarter valued at approximately $34,000. Finally, Global Retirement Partners LLC acquired a new position in Radian Group in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Radian Group Stock Performance

RDN stock opened at $36.61 on Friday. The firm has a 50 day moving average of $37.45 and a two-hundred day moving average of $35.51. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $41.05. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 0.89 and a beta of 0.72. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The company had revenue of $574.96 million during the quarter, compared to analyst estimates of $556.55 million. During the same period in the prior year, the firm earned $1.01 EPS. Radian Group's quarterly revenue was up 92.3% on a year-over-year basis. As a group, equities analysts anticipate that Radian Group Inc. will post 4.86 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Radian Group's dividend payout ratio (DPR) is presently 26.22%.

Wall Street Analysts Forecast Growth

RDN has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Radian Group from $39.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, August 10th. Wall Street Zen downgraded shares of Radian Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Bank of America raised shares of Radian Group from an "underperform" rating to a "buy" rating and upped their price target for the stock from $35.00 to $43.00 in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods cut their price objective on Radian Group from $46.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, August 11th. Finally, Weiss Ratings raised Radian Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.17.

Insider Buying and Selling

In related news, Director Noel Joseph Spiegel sold 4,834 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total value of $174,942.46. Following the completion of the sale, the director directly owned 20,008 shares in the company, valued at approximately $724,089.52. The trade was a 19.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Howard Bernard Culang sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.20, for a total value of $181,000.00. Following the sale, the chairman directly owned 11,662 shares of the company's stock, valued at $422,164.40. The trade was a 30.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,517 shares of company stock valued at $557,610 over the last 90 days. 2.03% of the stock is currently owned by insiders.

About Radian Group

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.

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