14,759 Shares in Radian Group Inc. (NYSE:RDN) Purchased by Centiva Capital LP

Centiva Capital LP bought a new stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 14,759 shares of the insurance provider's stock, valued at approximately $512,000.

Several other institutional investors and hedge funds have also bought and sold shares of RDN. Erste Asset Management GmbH bought a new stake in shares of Radian Group during the third quarter valued at approximately $369,000. Edgestream Partners L.P. increased its stake in Radian Group by 120.8% during the 3rd quarter. Edgestream Partners L.P. now owns 185,653 shares of the insurance provider's stock valued at $6,440,000 after purchasing an additional 101,554 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Radian Group during the third quarter worth $1,734,000. FMR LLC lifted its stake in shares of Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider's stock valued at $124,476,000 after buying an additional 12,834 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Radian Group during the third quarter valued at about $980,000. 95.33% of the stock is owned by institutional investors.

Insider Transactions at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the transaction, the insider now owns 171,830 shares in the company, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.16% of the stock is currently owned by company insiders.

Radian Group Stock Down 2.9 %

RDN stock traded down $1.00 during trading on Monday, reaching $33.64. The stock had a trading volume of 1,115,495 shares, compared to its average volume of 1,041,066. Radian Group Inc. has a one year low of $25.73 and a one year high of $37.86. The company's 50 day moving average is $34.46 and its two-hundred day moving average is $33.85. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.15. The firm 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 research analysts forecast that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, November 25th. Radian Group's dividend payout ratio is currently 25.39%.

Analyst Ratings Changes

Separately, Barclays raised their price target 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Radian Group has a consensus rating of "Hold" and a consensus price target of $36.10.

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.