573,303 Shares in Radian Group Inc. (NYSE:RDN) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 573,303 shares of the insurance provider's stock, valued at approximately $16,368,000. Assenagon Asset Management S.A. owned approximately 0.37% of Radian Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Radian Group by 575.2% in the 1st quarter. JPMorgan Chase & Co. now owns 12,765,182 shares of the insurance provider's stock worth $282,110,000 after purchasing an additional 10,874,587 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Radian Group by 202.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,295,712 shares of the insurance provider's stock worth $64,760,000 after purchasing an additional 2,204,335 shares in the last quarter. State Street Corp increased its holdings in shares of Radian Group by 45.6% in the 1st quarter. State Street Corp now owns 7,009,760 shares of the insurance provider's stock worth $154,915,000 after purchasing an additional 2,195,362 shares in the last quarter. Virginia Retirement Systems ET AL bought a new stake in shares of Radian Group in the 2nd quarter worth $49,577,000. Finally, BlackRock Inc. increased its holdings in shares of Radian Group by 12.8% in the 1st quarter. BlackRock Inc. now owns 15,104,763 shares of the insurance provider's stock worth $333,815,000 after purchasing an additional 1,710,552 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on RDN. Keefe, Bruyette & Woods raised Radian Group from a "market perform" rating to an "outperform" rating and set a $29.00 price objective for the company in a report on Wednesday, December 13th. UBS Group began coverage on Radian Group in a report on Wednesday, December 6th. They issued a "neutral" rating and a $28.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Radian Group currently has an average rating of "Hold" and a consensus price target of $28.60.

Radian Group Stock Performance

NYSE RDN traded up $0.23 on Thursday, hitting $33.47. 792,897 shares of the company traded hands, compared to its average volume of 1,400,677. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of 1.99 and a beta of 1.01. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35. The business's 50 day moving average price is $29.60 and its 200-day moving average price is $27.64. Radian Group Inc. has a 52-week low of $21.52 and a 52-week high of $33.69.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. The company had revenue of $328.64 million for the quarter, compared to the consensus estimate of $319.04 million. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. Radian Group's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. Equities analysts expect that Radian Group Inc. will post 3.27 earnings per share for the current year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from Radian Group's previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a yield of 2.93%. Radian Group's payout ratio is 25.93%.

About Radian Group

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.