Radian Group Inc. (NYSE:RDN) Shares Bought by CX Institutional

CX Institutional boosted its holdings in shares of Radian Group Inc. (NYSE:RDN) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,233 shares of the insurance provider’s stock after buying an additional 451 shares during the quarter. CX Institutional’s holdings in Radian Group were worth $261,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Xponance Inc. grew its holdings in Radian Group by 2.5% in the second quarter. Xponance Inc. now owns 13,121 shares of the insurance provider’s stock valued at $408,000 after purchasing an additional 321 shares during the period. QRG Capital Management Inc. grew its holdings in Radian Group by 1.1% in the third quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock valued at $1,089,000 after purchasing an additional 339 shares during the period. MML Investors Services LLC grew its stake in Radian Group by 4.5% during the third quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock worth $295,000 after buying an additional 364 shares during the period. Quantinno Capital Management LP grew its stake in Radian Group by 8.0% during the third quarter. Quantinno Capital Management LP now owns 7,861 shares of the insurance provider’s stock worth $273,000 after buying an additional 579 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in Radian Group by 1.3% during the third quarter. Harbor Capital Advisors Inc. now owns 45,701 shares of the insurance provider’s stock worth $1,585,000 after buying an additional 589 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on RDN shares. Keefe, Bruyette & Woods decreased their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Barclays boosted their price objective on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Radian Group has a consensus rating of “Hold” and an average target price of $36.30.

Radian Group Trading Up 0.2 %

RDN opened at $33.39 on Monday. The stock has a market capitalization of $4.97 billion, a PE ratio of 8.65, a P/E/G ratio of 1.81 and a beta of 1.06. The firm’s fifty day moving average price is $33.16 and its 200 day moving average price is $34.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. Radian Group Inc. has a 12-month low of $26.11 and a 12-month high of $37.86.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The company had revenue of $319.05 million for the quarter, compared to analysts’ expectations of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. As a group, research analysts expect that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were issued a dividend of $0.245 per share. The ex-dividend date was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.93%. Radian Group’s dividend payout ratio (DPR) is 25.39%.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the transaction, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.