Deutsche Bank AG Lowers Position in Radian Group Inc (RDN)

Deutsche Bank AG trimmed its position in Radian Group Inc (NYSE:RDN) by 14.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 776,739 shares of the insurance provider’s stock after selling 133,016 shares during the period. Deutsche Bank AG’s holdings in Radian Group were worth $12,704,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB increased its position in Radian Group by 0.5% in the fourth quarter. Nordea Investment Management AB now owns 618,429 shares of the insurance provider’s stock worth $10,117,000 after purchasing an additional 2,904 shares during the period. MetLife Investment Advisors LLC increased its position in Radian Group by 49.1% in the third quarter. MetLife Investment Advisors LLC now owns 148,319 shares of the insurance provider’s stock worth $3,066,000 after purchasing an additional 48,851 shares during the period. Dimensional Fund Advisors LP increased its position in Radian Group by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,701,451 shares of the insurance provider’s stock worth $44,193,000 after purchasing an additional 193,296 shares during the period. Renaissance Technologies LLC increased its position in Radian Group by 58.9% in the third quarter. Renaissance Technologies LLC now owns 180,625 shares of the insurance provider’s stock worth $3,734,000 after purchasing an additional 66,955 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Radian Group by 9.0% in the fourth quarter. State of Alaska Department of Revenue now owns 14,124 shares of the insurance provider’s stock worth $231,000 after purchasing an additional 1,167 shares during the period. Hedge funds and other institutional investors own 94.68% of the company’s stock.

Shares of RDN opened at $22.74 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.30. Radian Group Inc has a 1 year low of $14.06 and a 1 year high of $23.14. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 8.45, a P/E/G ratio of 1.66 and a beta of 1.60.



Radian Group (NYSE:RDN) last issued its earnings results on Friday, February 8th. The insurance provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04. Radian Group had a return on equity of 17.92% and a net margin of 47.60%. The firm had revenue of $331.50 million for the quarter, compared to analysts’ expectations of $342.07 million. During the same quarter last year, the business earned $0.51 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts predict that Radian Group Inc will post 2.75 earnings per share for the current year.

A number of analysts recently commented on the company. Zacks Investment Research lowered Radian Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. ValuEngine upgraded Radian Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $21.50.

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Radian Group Profile

Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.

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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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