Caisse DE Depot ET Placement DU Quebec Takes Position in Radian Group Inc. (NYSE:RDN)

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Radian Group Inc. (NYSE:RDN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,000 shares of the insurance provider's stock, valued at approximately $1,734,000.

A number of other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System raised its position in shares of Radian Group by 0.8% in the second quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider's stock valued at $1,319,000 after buying an additional 321 shares in the last quarter. Xponance Inc. raised its position in shares of 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 buying an additional 321 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of 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 buying an additional 339 shares in the last quarter. Tidal Investments LLC raised its position in shares of Radian Group by 5.2% in the first quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider's stock valued at $319,000 after buying an additional 474 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Radian Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 45,701 shares of the insurance provider's stock valued at $1,585,000 after buying an additional 589 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

Radian Group Price Performance

RDN traded down $0.59 during trading on Wednesday, hitting $34.94. 1,323,537 shares of the stock traded hands, compared to its average volume of 1,043,520. The business has a 50 day moving average price of $34.48 and a 200 day moving average price of $33.76. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 1.79 and a beta of 1.04. Radian Group Inc. has a twelve month low of $24.92 and a twelve month high of $37.86. 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 (NYSE:RDN - Get Free Report) last posted 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 firm 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%. Equities research analysts forecast that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid 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 2.81%. Radian Group's payout ratio is presently 25.39%.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their price objective on shares of Radian Group from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $36.10.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the company's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the sale, the insider now owns 186,535 shares of the company's stock, valued at approximately $6,595,877.60. This represents a 15.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.16% of the stock is currently owned by insiders.

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.