Clearbridge Investments LLC Has $16.17 Million Position in Radian Group Inc (RDN)

Quantum Capital Management acquired a new stake in Radian Group in the second quarter valued at $179,000. Creative Planning acquired a new …

Radian Group logoClearbridge Investments LLC boosted its holdings in Radian Group Inc (NYSE:RDN) by 1,150,026.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 782,086 shares of the insurance provider’s stock after acquiring an additional 782,018 shares during the quarter. Clearbridge Investments LLC owned about 0.37% of Radian Group worth $16,166,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new stake in Radian Group in the third quarter valued at $106,000. Moneta Group Investment Advisors LLC grew its holdings in Radian Group by 102.0% in the second quarter. Moneta Group Investment Advisors LLC now owns 8,615 shares of the insurance provider’s stock valued at $140,000 after purchasing an additional 4,350 shares during the last quarter. Quantum Capital Management acquired a new stake in Radian Group in the second quarter valued at $179,000. Creative Planning acquired a new stake in Radian Group in the third quarter valued at $229,000. Finally, Signaturefd LLC grew its holdings in Radian Group by 18,072.3% in the second quarter. Signaturefd LLC now owns 15,083 shares of the insurance provider’s stock valued at $245,000 after purchasing an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 91.67% of the company’s stock.

A number of research firms recently commented on RDN. Compass Point set a $26.00 price objective on Radian Group and gave the company a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research raised Radian Group from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Thursday. ValuEngine lowered Radian Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Finally, Barclays set a $21.00 price objective on Radian Group and gave the company a “buy” rating in a research note on Friday, December 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $22.50.

NYSE RDN traded up $0.14 during trading hours on Monday, hitting $18.04. 1,020,830 shares of the company’s stock were exchanged, compared to its average volume of 1,040,774. Radian Group Inc has a 12-month low of $14.06 and a 12-month high of $23.49. The company has a market capitalization of $3.85 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.31 and a beta of 1.43. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, October 31st. The insurance provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. Radian Group had a return on equity of 17.34% and a net margin of 37.56%. The firm had revenue of $330.70 million for the quarter, compared to the consensus estimate of $334.59 million. During the same period in the prior year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that Radian Group Inc will post 2.65 EPS for the current year.

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Radian Group Company Profile

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

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

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How Your Insurance Quote Is Powered By Artificial Intelligence

And it’s mainly down to the adoption of artificial intelligence. From black boxes to chatbots, the insurance industry is jumping feet first into data – and …

How AI is improving the insurance industryGetty

In today’s fast-paced world we’re continually faced with speed bumps that slow us down and let’s face it – insurance is one of them. Still, the days of phoning around and repeating your details are long gone. From comparison sites to timely reminders from the companies themselves – getting an insurance quote is becoming cheaper and easier. And it’s mainly down to the adoption of artificial intelligence.

From black boxes to chatbots, the insurance industry is jumping feet first into data – and your wallet is thanking you.

Profound impact

CEO and co-founder of AMPLYFI, Chris Ganje, believes that using AI gives insurers the speed to keep up with modern day life. He said:

AI is having a profound impact on the insurance industry across the board from strategy and policy pricing to marketing and administration. AI is able to digest and analyze vast datasets at unprecedented speeds and accuracy. For insurers, this is enabling benefits on a number of fronts, such as speeding up quotes and pricing policies, enacting faster claims settlements, better fraud detection, and better customer profiling, for example, identify safer drivers through telematics data.”

Driven by millennials

Like with many financial services, consumers are shifting towards digital-first products. But for Richard Hartley, CEO & Co-Founder of Cytora, for him it’s millennials that are truly in the driving seat.

Millennial consumer behavior is forcing irreversible changes across financial services leading to the emergence of digital-first and app-based services for banking, loans, mortgages, and investment. As the millennial cohort start their own companies and move into decision making roles in business, commercial insurance is beginning to undergo the same revolution.”

This all adds up to a more personalized quote market believes Ben Little, the founder and Director of Fearlessly Frank. He thinks that AI is enabling insurers to offer more customized products to appeal to a broader spectrum of clients. This “Insure-tech” uses digitalization and even AI to create new products.

Two of the first startups to launch in this space were the Lemonade and Cuvva apps which targeted the home and car insurance markets. More recently came Sherpa, a new AI-driven insure-tech platform, with the aim of breaking down the categories and providing a more holistic offering. By using a bespoke algorithm to build a personalized data profile, Sherpa gives each user a “score,” telling them their risk and cover needs across all insurance types.

Paul Firkins,Hood Group’s Business Development Director, agrees. He said:

With ever-growing sources of data; from the Internet of Things (IoT), Telematics and Mobile phones to name a few, only AI can harness and exploit this vast knowledge. It will turn the customer experience from a generic ‘one size fits all’ proposition to a journey where products are personalized, pricing feeds into a behavioral and perhaps lifestyle layer and claims are instantly settled; all linked together with seamless automation. This makes AI a tantalizing and increasingly competitive area for insurers to focus on.”

Making data even more useful

But where is the industry collecting its data from? Ganje confirms a multitude of places:

Predictive analytics in the insurance sector is one area that AI is beginning to transform. Accurate forecasting is a key output of business intelligence, with companies only now waking up to the potential of insights that can be generated from applying advanced analytical techniques, such as machine learning, to the vast quantum of data increasingly becoming available.

For example, at AMPLYFI we use cutting-edge AI to find, harvest, and analyse data from both the surface and deep web held across millions of academic papers, patents, government reports, databases, journals, or news items, to find signals and generate trends that can help businesses make important decisions about the future. Using historical data is the basis that insurers use to understand their customer base, helping them to forecast their exposure to claims. Improving the breadth and depth of the variables that drive this process allows companies to adjust the pricing of their products and premiums, enabling them to attract more customers while maintaining financial performance.”

It’s something the bigger firms are introducing as well. Omni:us is a company that has developed cutting-edge technology for many of the top global insurance companies – such as Allianz, Baloise and AmTrust – which count on its deep digital transformation expertise in order to innovate and meet growing customer needs. At the same time, insurtech firms – such as Wefox – use omni:us to boost efficiency and focus on core competencies. They said:

At omni:us, our prediction is that theinsurance industry will move from process to data-driven over the coming years. With regards to both current and future markets, this approach is the fundamental means for insurance companies, whatever their size, to stay competitive, and effective implementation of AI technology will make this transition possible.”

Customers are noticing

For Dimitris Vlitas, Principal within the Artificial Intelligence team at Data Practitioners, he thinks the improvements are certainly noticeable:

Customers will witness frequent, noticeable improvements in the way that companies engage with them, especially through digital channels. These new methods will ultimately replace traditional marketing techniques. AI and data will take center stage, delivering customers relevant and intuitive promotions that align with their ever-changing circumstances. Applying AI to data that is fully anonymized will create high-quality insights and more successful promotional activity. The most successful businesses in financial services will do this, and in so doing, build a competitive and commercial advantage.”

AI to enter the mainstream in 2019

Most of the experts I spoke to agree that while 2018 was a pivotal year regarding the solutions AI could offer companies, this year will be when these innovations trickle down to consumer-level.

Vlitas added:

AI, combined with behavioral science, will without question be an incredible driver of economic value in the financial services sector. In 2019, we’ll see evidence of its successful application, as agile businesses utilize the latest methodologies to tailor their offering to the individual needs of the customer.”

Richard Hayes, CEO, and Co-founder of Mojo Mortgages agrees:

AI went from a buzzword in 2018 to reality in 2019. As with any new wave of technology, genuine adoption is when new tech can be judged. With so many examples of successful implementations of AI over the past year, the adoption of this technology should and must be part of any CEO’s strategic plans for long term reduction in costs, removing barriers to scale and enhancements to their existing business models.”

Indeed, some might say that the insurance industry could be the instigator of mainstream artificial intelligence. Where previously, fears of threats to jobs have instead been replaced by personal habits and data that not only speed up the annual insurance faff – but also save money.

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DIRECT LINE INSURANCE GROUP PLC ORDINARY (OTCMKTS:DIISF) Sellers Increased Their …

It was noted an increase on DIRECT LINE INSURANCE GROUP PLC ORDINARY (OTCMKTS:DIISF)’s short interest with 100.66%. In January was …

It was noted an increase on DIRECT LINE INSURANCE GROUP PLC ORDINARY (OTCMKTS:DIISF)’s short interest with 100.66%. In January was issued DIISF’s total 915,000 short interest by FINRA. The up change of 100.66% from 456,000 shares was reported. With Average volume 38,000, DIISF’s former position will take 24 days to recover.

At traded at $4.1305 lastly.It’s since January 21, 2018 and is 0.00% up. DIISF the S&P500 by 0.00%.

Direct Line Insurance Group plc provides general insurance services and products in the United Kingdom.The firm is worth $5.65 billion. The firm operates through Motor, Home, Rescue and Other Personal Lines, and Commercial divisions.The P/E ratio is 11.07. It offers personal motor, home, and rescue insurance products, as well as other personal line insurance products, including travel, pet, and creditor products; and commercial insurance products, such as business, van, and landlord insurance products for small and medium-size entities.

There’s a substantial Direct Line Insurance Group plc (OTCMKTS:DIISF) news posted by Seekingalpha.com. It’s an item titled: “Direct Line Insurance Group PLC ADR 2017 Q4 – Results – Earnings Call Slides – Seeking Alpha” on February 27, 2018.

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Zurich backs travel insurtech on mobile-focused offering

Zurich backs travel insurtech on mobile-focused offering … Pluto was formerly called Meet Mia and it was one of three insurtechs to be accepted in the …

Zurich is backing London-based travel insurance startup Pluto with its new mobile-focused underwriting offering.

It affords customers the ability to manage their policy via a chatbot on Facebook Messenger giving them instant responses to claims and access to their documents.

And in the near future it hopes to use this method to help customers edit their policy.

Pluto claims to be disrupting the market by offering “travel insurance for people who don’t like insurance” with the aim of decreasing the number of millennials travelling without cover which stands at 60%.

It claims to be tailored and easy to understand with quotes delivered within sixty seconds to three minutes, after it cited that 85% of people do not understand their policy.

Millennials shifting the landscape

Zurich provides underwriting expertise and claims management capacity to Pluto.

Mark Budd, head of innovation at Zurich noted the shift in how customers are buying insurance.

He said: “How our customers want to buy insurance is constantly changing, precipitated by the increased reliance on technology and, specifically, smart devices.

“Millennials are a particularly interesting demographic as they grew up keeping up with the latest technological advances and its only right that we keep up with them, too.”

“Zurich’s partnership with Pluto is extremely exciting and hugely promising as it’s the passion and genuine commitment to challenging the status quo that makes this offering stand out. We look forward to working with Pluto to see how we can develop this solution as our customer’s needs continue to evolve.”

It follows the gig economy also shifting how insurance is consumed due to the temporary and short-term nature of their work contracts.

First hand experience

Pluto’s founders have experienced first-hand how unpredictable the life of a travelling millennial can be.

Alex Rainey, Pluto’s co-founder and chief executive, added: “Travel insurance is often far too complex, and the result is that people don’t know what they’re buying and therefore don’t buy.”

Pluto

Pluto’s founders: Alex Rainey, Harry Williams and James Birch

He continued: ”This means young people are taking on huge unnecessary risk and is exactly why we started Pluto – to make it easier to understand.

“Good travel insurance doesn’t have to be expensive either. But you need to make sure you understand what it covers and what it doesn’t. Don’t just compare on price.

“Customers we’ve already spoken to absolutely love building their own policy and understanding it more, they find it hugely empowering.”

Launched in mid-December last year, Pluto initiated a “first of its kind” share giveaway to the first 200 customers who bought annual cover with them.

Pluto was formerly called Meet Mia and it was one of three insurtechs to be accepted in the FCA’s fourth regulatory sandbox last year.

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InsurTech Futures: Zurich partners with travel start-up Pluto

The insurer will provide the underwriting and claims capacity for the InsurTech firm which claims its mobile-focused offering provides customers with a …

Mobile-focused offering targets millennials and provides a quote in around 60 seconds.

Zurich has backed travel insurance start-up Pluto, which aims to challenge the market by offering “travel insurance for people who don’t like insurance”.

The insurer will provide the underwriting and claims capacity for the InsurTech firm which claims its mobile-focused offering provides customers with a quote in around 60 seconds or three minutes when a customer is building their own policy.

The start-up was set up in order to decrease the number of millennials who travel without insurance.

Pluto customers can manage their policy via Facebook Messenger, which Zurich said will give them instant responses when they make a claim and enables them to easily edit the policy in the future.

The start-up launched in mid-December 2018 and is a trading style of Pluto Services Limited which is registered as an insurance broker.

It is supported by the Financial Conduct Authority’s (FCA) Innovation Sandbox.

Complex

Alex Rainey, Pluto co-founder and chief executive, said:“Travel insurance is often far too complex and the result is that people don’t know what they’re buying and therefore don’t buy.

“This means young people are taking on huge unnecessary risk and is exactly why we started Pluto – to make it easier to understand.”

Mark Budd, head of innovation at Zurich, added:“How our customers want to buy insurance is constantly changing, precipitated by the increased reliance on technology and, specifically, smart devices.

“Millennials are a particularly interesting demographic as they grew up keeping up with the latest technological advances and its only right that we keep up with them, too.”

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