Quest Partners LLC Makes New Investment in Radian Group Inc. (NYSE:RDN)

Quest Partners LLC acquired a new stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 33,474 shares of the insurance provider's stock, valued at approximately $1,161,000.

Other hedge funds also recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in shares of Radian Group by 19.0% during the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider's stock worth $155,000 after acquiring an additional 716 shares in the last quarter. Versor Investments LP boosted its position in Radian Group by 316.7% during the third quarter. Versor Investments LP now owns 49,239 shares of the insurance provider's stock worth $1,708,000 after purchasing an additional 37,422 shares in the last quarter. 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 last quarter. Forum Financial Management LP purchased a new position in shares of Radian Group in the third quarter valued at $201,000. Finally, Van ECK Associates Corp increased its position in shares of Radian Group by 40.0% in the third quarter. Van ECK Associates Corp now owns 87,071 shares of the insurance provider's stock valued at $2,986,000 after buying an additional 24,880 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Derek Brummer sold 35,153 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the sale, the insider now directly owns 186,535 shares in the company, valued at $6,595,877.60. The trade was a 15.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric Ray sold 53,791 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total transaction of $1,918,724.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,955 shares of company stock worth $4,130,140. 2.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RDN shares. Barclays raised 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. Keefe, Bruyette & Woods upped their price objective on Radian Group from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Roth Mkm lifted their price objective on Radian Group from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada upped their target price on shares of Radian Group from $32.00 to $37.00 and gave the company a "sector perform" rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $36.10.

Radian Group Stock Performance

NYSE:RDN traded up $0.43 during trading hours on Thursday, reaching $34.02. 826,072 shares of the stock were exchanged, compared to its average volume of 1,047,215. Radian Group Inc. has a 52 week low of $24.92 and a 52 week high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $5.07 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.70 and a beta of 1.04. The firm has a 50 day simple moving average of $34.44 and a 200-day simple moving average of $33.50.

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

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.245 per share. The ex-dividend date is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.88%. Radian Group's dividend payout ratio (DPR) is presently 25.39%.

Radian Group 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.