14,182 Shares in Radian Group Inc. (NYSE:RDN) Acquired by Cibc World Markets Corp

Cibc World Markets Corp acquired a new stake in 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 firm acquired 14,182 shares of the insurance provider's stock, valued at approximately $450,000.

Several other hedge funds also recently modified their holdings of the stock. Vest Financial LLC raised its position 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 worth $34,640,000 after acquiring an additional 285,481 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $193,307,000 after purchasing an additional 248,423 shares during the last quarter. Barclays PLC raised its holdings in shares of Radian Group by 218.0% in the 3rd quarter. Barclays PLC now owns 284,463 shares of the insurance provider's stock valued at $9,868,000 after purchasing an additional 194,996 shares during the period. Assenagon Asset Management S.A. lifted its stake in Radian Group by 23.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,020,912 shares of the insurance provider's stock valued at $32,383,000 after purchasing an additional 192,854 shares during the last quarter. Finally, State Street Corp grew its holdings in Radian Group by 2.7% during the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider's stock worth $232,433,000 after purchasing an additional 177,142 shares during the period. Institutional investors own 95.33% of the company's stock.

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Radian Group Stock Performance

Shares of NYSE:RDN traded up $0.30 during trading on Tuesday, reaching $32.80. 299,436 shares of the stock were exchanged, compared to its average volume of 1,044,293. The stock has a 50-day moving average price of $32.67 and a 200-day moving average price of $33.48. The firm has a market cap of $4.76 billion, a PE ratio of 8.35, a PEG ratio of 1.73 and a beta of 1.04. Radian Group Inc. has a 12 month low of $29.17 and a 12 month high of $37.86. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50.

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

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were given a dividend of $0.255 per share. This is a boost from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 24th. This represents a $1.02 annualized dividend and a yield of 3.11%. Radian Group's dividend payout ratio is currently 25.95%.

Insiders Place Their Bets

In other news, Director Gregory Serio sold 4,100 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were 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 owns 344 shares of the company's stock, valued at approximately $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.16% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on RDN shares. Keefe, Bruyette & Woods dropped their price objective 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 price target on Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $36.80.

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.