KLP Kapitalforvaltning AS Invests $2.08 Million in Radian Group Inc. (NYSE:RDN)

KLP Kapitalforvaltning AS acquired a new stake in Radian Group Inc. (NYSE:RDN) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 65,500 shares of the insurance provider’s stock, valued at approximately $2,078,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management increased its position in Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 342 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Radian Group by 61.5% during 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 in the last quarter. Smartleaf Asset Management LLC increased its holdings in Radian Group by 124.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock valued at $75,000 after buying an additional 1,320 shares during the period. Jones Financial Companies Lllp raised its stake in Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock worth $76,000 after buying an additional 2,119 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after buying an additional 528 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RDN has been the subject of several recent research reports. UBS Group boosted their price target on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Radian Group currently has a consensus rating of “Hold” and a consensus target price of $36.80.

Insider Activity at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of Radian Group 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 completion of the sale, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.16% of the stock is owned by insiders.

Radian Group Stock Up 0.8 %

Radian Group stock opened at $33.44 on Friday. Radian Group Inc. has a 1-year low of $29.17 and a 1-year high of $37.86. The business has a fifty day moving average price of $32.71 and a 200-day moving average price of $33.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Equities research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a dividend of $0.255 per share. 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. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.05%. Radian Group’s payout ratio is 25.95%.

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.