Erste Asset Management GmbH Sells 800 Shares of Radian Group Inc. (NYSE:RDN)

Erste Asset Management GmbH lowered its stake in shares of Radian Group Inc. (NYSE:RDN) by 7.5% during the fourth quarter, Holdings Channel reports. The fund owned 9,800 shares of the insurance provider’s stock after selling 800 shares during the period. Erste Asset Management GmbH’s holdings in Radian Group were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RDN. KBC Group NV grew its holdings in Radian Group by 19.0% during the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 716 shares during the last quarter. Quest Partners LLC bought a new stake in Radian Group during the 3rd quarter worth about $1,161,000. Moran Wealth Management LLC bought a new stake in Radian Group during the 3rd quarter worth about $2,650,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Radian Group by 10.2% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 711,960 shares of the insurance provider’s stock worth $24,698,000 after acquiring an additional 65,678 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Radian Group during the 3rd quarter valued at about $1,075,000. Institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

Shares of NYSE:RDN opened at $31.52 on Friday. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 1.73 and a beta of 1.04. The firm’s 50 day simple moving average is $32.62 and its 200 day simple moving average is $33.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. As a group, sell-side analysts forecast that Radian Group Inc. will post 3.79 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 11th. Investors of record on Monday, February 24th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.24%. This is an increase from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

Analysts Set New Price Targets

A number of research analysts have issued reports on RDN shares. UBS Group upped 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. Keefe, Bruyette & Woods cut their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.80.

Insiders Place Their Bets

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the sale, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.16% of the company’s stock.

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.