Radian Group Inc. (NYSE:RDN) Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 711,960 shares of the insurance provider's stock after buying an additional 65,678 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.47% of Radian Group worth $24,698,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Radian Group during the 3rd quarter valued at $27,000. Fifth Third Bancorp lifted its stake in shares of Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider's stock worth $40,000 after purchasing an additional 1,160 shares during the period. CWM LLC lifted its stake in shares of Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider's stock worth $62,000 after purchasing an additional 1,679 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of Radian Group by 37.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider's stock worth $70,000 after purchasing an additional 611 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Radian Group by 352.4% during the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider's stock worth $87,000 after purchasing an additional 1,949 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Buying and Selling

In other Radian Group news, COO Mary Dickerson sold 19,511 shares of the firm's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total value of $701,030.23. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Derek Brummer sold 35,153 shares of Radian Group 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 approximately $6,595,877.60. This trade represents a 15.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 115,955 shares of company stock worth $4,130,140. Corporate insiders own 2.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RDN shares. Keefe, Bruyette & Woods increased their target price on Radian Group from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Barclays increased their target price on Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Roth Mkm increased their target price 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 increased their target price on Radian Group from $32.00 to $37.00 and gave the stock a "sector perform" rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $36.10.

Radian Group Stock Up 2.8 %

NYSE:RDN traded up $0.94 during mid-day trading on Friday, hitting $34.96. The company had a trading volume of 851,676 shares, compared to its average volume of 1,429,659. The business has a fifty day simple moving average of $34.44 and a 200-day simple moving average of $33.53. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.70 and a beta of 1.04. Radian Group Inc. has a 1 year low of $24.92 and a 1 year high of $37.86.

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

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $0.245 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.80%. Radian Group's dividend payout ratio (DPR) is 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.