MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in Radian Group Inc. (NYSE:RDN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Radian Group Inc. (NYSE:RDN) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,549 shares of the insurance provider’s stock after buying an additional 12,896 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.09% of Radian Group worth $4,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management boosted its holdings in Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after buying an additional 342 shares in the last quarter. Covestor Ltd grew its position in shares of Radian Group by 35.6% in the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 355 shares during the last quarter. CX Institutional grew its position in shares of Radian Group by 5.8% in the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 451 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 485 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its position in shares of Radian Group by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,854 shares of the insurance provider’s stock valued at $503,000 after purchasing an additional 502 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

Shares of RDN opened at $34.87 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 1.73 and a beta of 0.71. The company’s 50 day simple moving average is $32.40 and its 200 day simple moving average is $32.87. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $37.86.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, sell-side analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RDN shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $38.00 price target (up from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. UBS Group increased their price target on shares of Radian Group from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.80.

Insider Activity at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the company’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 transaction, the director now owns 344 shares of the company’s stock, valued at approximately $11,231.60. This represents a 92.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.01% of the company’s stock.

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.