Radian Group Inc. (NYSE:RDN) Stake Lifted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 149.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,958 shares of the insurance provider's stock after purchasing an additional 92,938 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.10% of Radian Group worth $4,416,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RDN. Point72 Middle East FZE purchased a new position in shares of Radian Group during the fourth quarter worth approximately $37,000. Ensign Peak Advisors Inc acquired a new stake in shares of Radian Group during the third quarter worth $73,000. Comerica Bank acquired a new stake in shares of Radian Group during the second quarter worth $99,000. Lazard Asset Management LLC lifted its holdings in shares of Radian Group by 194.7% during the fourth quarter. Lazard Asset Management LLC now owns 4,285 shares of the insurance provider's stock worth $81,000 after purchasing an additional 2,831 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Radian Group by 49.8% during the second quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider's stock worth $87,000 after purchasing an additional 1,476 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $35.00 price target (down from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, Radian Group currently has an average rating of "Hold" and a consensus target price of $30.00.

Radian Group Price Performance

Radian Group stock traded down $0.20 during midday trading on Friday, reaching $30.25. The company's stock had a trading volume of 828,016 shares, compared to its average volume of 1,353,817. Radian Group Inc. has a fifty-two week low of $22.93 and a fifty-two week high of $33.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.65 and a current ratio of 1.65. The stock's 50 day simple moving average is $30.13 and its 200 day simple moving average is $28.08. The firm has a market capitalization of $4.58 billion, a PE ratio of 8.00, a P/E/G ratio of 1.84 and a beta of 1.02.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, February 7th. The insurance provider reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.10. The company had revenue of $328.64 million during 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 quarter last year, the company earned $1.05 earnings per share. On average, equities research analysts forecast that Radian Group Inc. will post 3.27 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Friday, February 23rd. This is an increase from Radian Group's previous quarterly dividend of $0.23. Radian Group's payout ratio is 25.93%.

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.