Cibc World Markets Corp Makes New $450,000 Investment in Radian Group Inc. (NYSE:RDN)

Cibc World Markets Corp bought a new stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 14,182 shares of the insurance provider's stock, valued at approximately $450,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RDN. Royce & Associates LP grew its stake in shares of Radian Group by 9.5% in the fourth quarter. Royce & Associates LP now owns 91,603 shares of the insurance provider's stock worth $2,906,000 after acquiring an additional 7,914 shares during the last quarter. Picton Mahoney Asset Management grew its position in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares during the last quarter. First Eagle Investment Management LLC grew its position in Radian Group by 5.3% in the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider's stock worth $16,205,000 after purchasing an additional 25,500 shares during the last quarter. Swiss National Bank raised its position in shares of Radian Group by 0.6% during the fourth quarter. Swiss National Bank now owns 295,850 shares of the insurance provider's stock valued at $9,384,000 after buying an additional 1,900 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Radian Group by 11.4% during the fourth quarter. HighTower Advisors LLC now owns 8,824 shares of the insurance provider's stock valued at $280,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

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Radian Group Price Performance

Shares of RDN traded up $0.27 during mid-day trading on Thursday, reaching $33.44. The company had a trading volume of 1,068,962 shares, compared to its average volume of 1,045,943. The company's 50-day moving average is $32.70 and its 200-day moving average is $33.46. Radian Group Inc. has a twelve month low of $29.17 and a twelve month high of $37.86. The company has a market capitalization of $4.85 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01.

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

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were paid a dividend of $0.255 per share. The ex-dividend date was Monday, February 24th. This is a boost from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.05%. Radian Group's payout ratio is 25.95%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Radian Group from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. UBS Group raised their target price on Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Radian Group has a consensus rating of "Hold" and a consensus target price of $36.80.

Insider Buying and Selling at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, the director now directly owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.16% of the company's stock.

Radian Group Company 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.