Mirae Asset Global Investments Co. Ltd. Has $4.94 Million Position in Radian Group Inc. (NYSE:RDN)

Mirae Asset Global Investments Co. Ltd. increased its position in Radian Group Inc. (NYSE:RDN) by 42.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 173,084 shares of the insurance provider’s stock after buying an additional 51,852 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.11% of Radian Group worth $4,942,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in Radian Group in the fourth quarter worth approximately $16,368,000. Comerica Bank increased its holdings in Radian Group by 5,573.5% in the third quarter. Comerica Bank now owns 222,287 shares of the insurance provider’s stock worth $5,582,000 after buying an additional 218,369 shares during the last quarter. Tudor Investment Corp Et Al acquired a new position in Radian Group in the third quarter worth approximately $6,735,000. Los Angeles Capital Management LLC increased its holdings in Radian Group by 174.5% in the third quarter. Los Angeles Capital Management LLC now owns 27,864 shares of the insurance provider’s stock worth $700,000 after buying an additional 17,713 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in Radian Group by 5.3% in the third quarter. Panagora Asset Management Inc. now owns 39,745 shares of the insurance provider’s stock worth $998,000 after buying an additional 2,001 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Trading Down 1.5 %

Shares of RDN stock opened at $29.79 on Tuesday. Radian Group Inc. has a 12 month low of $22.93 and a 12 month high of $33.69. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $30.16 and its two-hundred day moving average is $28.16. The company has a market cap of $4.51 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02.

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

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 3.29%. This is a boost from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, February 23rd. Radian Group’s dividend payout ratio is currently 25.93%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $35.00 price target (down previously from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One investment 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 company currently has an average rating of “Hold” and a consensus target price of $30.00.

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.