Allianz Asset Management GmbH Reduces Holdings in Radian Group Inc. (NYSE:RDN)

Allianz Asset Management GmbH lowered its position in Radian Group Inc. (NYSE:RDN) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,227,604 shares of the insurance provider’s stock after selling 26,619 shares during the quarter. Allianz Asset Management GmbH’s holdings in Radian Group were worth $38,940,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Radian Group by 2.7% during the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after purchasing an additional 177,142 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Radian Group by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after purchasing an additional 121,166 shares during the last quarter. FMR LLC grew its holdings in Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock worth $124,476,000 after purchasing an additional 12,834 shares during the last quarter. Vest Financial LLC grew its stake in shares of Radian Group by 35.4% during the fourth quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock worth $34,640,000 after acquiring an additional 285,481 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Radian Group by 23.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,020,912 shares of the insurance provider’s stock worth $32,383,000 after purchasing an additional 192,854 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RDN. Keefe, Bruyette & Woods dropped their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. UBS Group boosted their target price on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.80.

Radian Group Price Performance

NYSE:RDN opened at $32.44 on Monday. Radian Group Inc. has a 1-year low of $27.20 and a 1-year high of $37.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The company has a 50 day moving average price of $32.65 and a 200-day moving average price of $33.95. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Equities research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.14%. Radian Group’s dividend payout ratio is currently 24.94%.

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the sale, the insider now owns 171,830 shares of the company’s stock, valued at $5,953,909.50. The trade was a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.16% of the stock is currently owned by corporate insiders.

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.