Barclays PLC Buys 8,119 Shares of Radian Group Inc. (NYSE:RDN)

Barclays PLC increased its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 292,582 shares of the insurance provider's stock after acquiring an additional 8,119 shares during the quarter. Barclays PLC owned about 0.20% of Radian Group worth $9,280,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Radian Group during the 4th quarter valued at about $73,693,000. Vest Financial LLC boosted its stake in Radian Group by 35.4% during the fourth quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider's stock valued at $34,640,000 after buying an additional 285,481 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Radian Group by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider's stock valued at $193,307,000 after buying an additional 248,423 shares in the last quarter. American Century Companies Inc. increased its stake in Radian Group by 7.9% in the 4th quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider's stock worth $106,305,000 after acquiring an additional 245,303 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Radian Group by 19.2% during the 4th quarter. Invesco Ltd. now owns 1,326,010 shares of the insurance provider's stock worth $42,061,000 after acquiring an additional 214,036 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction on Friday, February 28th. The stock was 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. This trade represents a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.16% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of 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 target price on shares of Radian Group from $40.00 to $37.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Radian Group presently has a consensus rating of "Hold" and an average target price of $36.20.

Radian Group Stock Up 2.2 %

Shares of RDN opened at $31.64 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $32.14 and a 200 day moving average of $33.08. The company has a market cap of $4.47 billion, a PE ratio of 8.05, a P/E/G ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a 52-week low of $29.77 and a 52-week high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, sell-side analysts expect that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from Radian Group's previous quarterly dividend of $0.25. Radian Group's payout ratio is 25.95%.

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.

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