Deutsche Bank AG Grows Stock Holdings in Radian Group Inc. (NYSE:RDN)

Deutsche Bank AG lifted its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 137.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 211,407 shares of the insurance provider's stock after acquiring an additional 122,479 shares during the quarter. Deutsche Bank AG owned 0.14% of Radian Group worth $6,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RDN. Picton Mahoney Asset Management grew its stake in shares of Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after acquiring an additional 342 shares during the period. V Square Quantitative Management LLC grew its stake in shares of Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after acquiring an additional 485 shares during the period. Covestor Ltd grew its stake in shares of Radian Group by 35.6% in the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock worth $43,000 after acquiring an additional 355 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock worth $75,000 after buying an additional 1,320 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after buying an additional 2,119 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Gregory Serio sold 4,100 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now directly owns 344 shares of the company's stock, valued at $11,231.60. This represents a 92.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.01% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $38.00 price objective (up previously from $37.00) on shares of Radian Group in a report on Friday, May 2nd. UBS Group raised their price objective on shares of Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, Compass Point reissued a "neutral" rating and issued a $37.00 price objective (up previously from $34.00) on shares of Radian Group in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $36.83.

Radian Group Trading Down 1.1%

Shares of NYSE RDN traded down $0.38 during mid-day trading on Friday, reaching $33.28. The company had a trading volume of 895,943 shares, compared to its average volume of 1,218,469. The business's 50-day moving average is $32.65 and its 200-day moving average is $32.92. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $37.86.

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

Radian Group announced that its board has authorized a share buyback program on Wednesday, May 21st that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the insurance provider to repurchase up to 16.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Monday, June 2nd. Radian Group's dividend payout ratio (DPR) is presently 25.95%.

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.