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

Allianz Asset Management GmbH reduced its holdings in shares of Radian Group Inc. (NYSE:RDN) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,227,604 shares of the insurance provider’s stock after selling 26,619 shares during the period. Allianz Asset Management GmbH owned about 0.82% of Radian Group worth $38,940,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in shares of Radian Group by 11.2% in the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock worth $6,233,000 after purchasing an additional 19,730 shares in the last quarter. Centiva Capital LP bought a new stake in Radian Group during the third quarter valued at about $512,000. EMC Capital Management increased its position in Radian Group by 300.8% in the fourth quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock worth $584,000 after buying an additional 13,810 shares in the last quarter. Moran Wealth Management LLC bought a new position in shares of Radian Group in the third quarter worth about $2,650,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Radian Group by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after buying an additional 121,166 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the sale, the insider now owns 171,830 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Price Performance

Shares of Radian Group stock opened at $32.44 on Monday. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.73 and a beta of 1.06. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The stock’s 50-day simple moving average is $32.65 and its 200-day simple moving average is $33.95. Radian Group Inc. has a 52 week low of $27.20 and a 52 week high of $37.86.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 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%. As a group, analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. UBS Group upped their price target on shares of Radian Group from $33.00 to $34.00 and gave the stock 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.80.

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.