Mirae Asset Global Investments Co. Ltd. Acquires 51,852 Shares of Radian Group Inc. (NYSE:RDN)

Mirae Asset Global Investments Co. Ltd. grew its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 42.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 173,084 shares of the insurance provider's stock after acquiring an additional 51,852 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.11% of Radian Group worth $4,942,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Radian Group by 575.2% during the 1st quarter. JPMorgan Chase & Co. now owns 12,765,182 shares of the insurance provider's stock worth $282,110,000 after buying an additional 10,874,587 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Radian Group by 202.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,295,712 shares of the insurance provider's stock worth $64,760,000 after buying an additional 2,204,335 shares in the last quarter. State Street Corp raised its position in shares of Radian Group by 45.6% during the 1st quarter. State Street Corp now owns 7,009,760 shares of the insurance provider's stock worth $154,915,000 after buying an additional 2,195,362 shares in the last quarter. BlackRock Inc. raised its position in shares of Radian Group by 12.8% during the 1st quarter. BlackRock Inc. now owns 15,104,763 shares of the insurance provider's stock worth $333,815,000 after buying an additional 1,710,552 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Radian Group by 61.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,994,265 shares of the insurance provider's stock worth $88,713,000 after buying an additional 1,523,376 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Radian Group Stock Down 1.1 %

Shares of RDN traded down $0.32 during mid-day trading on Tuesday, hitting $29.48. 774,480 shares of the company's stock were exchanged, compared to its average volume of 1,339,689. The firm has a fifty day moving average of $30.18 and a two-hundred day moving average of $28.19. Radian Group Inc. has a twelve month low of $22.93 and a twelve month high of $33.69. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 1.85 and a beta of 1.02. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.35.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The company had revenue of $328.64 million for the quarter, compared to analyst estimates of $319.04 million. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. Radian Group's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 EPS. On average, sell-side analysts forecast that Radian Group Inc. will post 3.27 earnings per share for the current year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a $0.245 dividend. The ex-dividend date was Friday, February 23rd. This is an increase from Radian Group's previous quarterly dividend of $0.23. This represents a $0.98 dividend on an annualized basis and a yield of 3.32%. Radian Group's dividend payout ratio is 25.93%.

Analyst Ratings Changes

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

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.