Edgestream Partners L.P. Has $6.44 Million Stock Position in Radian Group Inc. (NYSE:RDN)

Edgestream Partners L.P. raised its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 120.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,653 shares of the insurance provider's stock after buying an additional 101,554 shares during the quarter. Edgestream Partners L.P. owned 0.12% of Radian Group worth $6,440,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Radian Group by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 116,282 shares of the insurance provider's stock worth $3,893,000 after buying an additional 5,195 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Radian Group during the 1st quarter worth about $105,000. Tidal Investments LLC grew its stake in Radian Group by 5.2% during the 1st quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider's stock valued at $319,000 after acquiring an additional 474 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Radian Group by 6.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 165,177 shares of the insurance provider's stock valued at $5,353,000 after purchasing an additional 10,219 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Radian Group by 18.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,511 shares of the insurance provider's stock valued at $140,000 after purchasing an additional 714 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Stock Up 0.7 %

Shares of RDN traded up $0.25 during mid-day trading on Friday, hitting $35.79. 500,374 shares of the company's stock were exchanged, compared to its average volume of 1,042,269. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 1.78 and a beta of 1.04. The firm has a fifty day moving average of $34.45 and a two-hundred day moving average of $33.67. 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 Inc. has a twelve month low of $24.92 and a twelve month high of $37.86.

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

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Monday, November 25th. Radian Group's dividend payout ratio is 25.39%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. 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. Roth Mkm upped their price target on shares of Radian Group from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods increased their price objective on Radian Group from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Finally, Royal Bank of Canada boosted their target price on Radian Group from $32.00 to $37.00 and gave the company a "sector perform" rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $36.10.

Insider Activity at Radian Group

In related news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction 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 transaction, the insider now owns 186,535 shares in the company, valued at $6,595,877.60. This trade represents a 15.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.16% of the stock is owned by company insiders.

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.