Elo Mutual Pension Insurance Co Takes $332,000 Position in Radian Group Inc. (NYSE:RDN)

Elo Mutual Pension Insurance Co purchased 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 disclosure with the SEC. The firm purchased 10,462 shares of the insurance provider's stock, valued at approximately $332,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vest Financial LLC lifted its stake in shares of Radian Group by 35.4% during the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider's stock worth $34,640,000 after buying an additional 285,481 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Radian Group by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider's stock valued at $193,307,000 after acquiring an additional 248,423 shares during the period. American Century Companies Inc. lifted its position in Radian Group by 7.9% during the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider's stock worth $106,305,000 after acquiring an additional 245,303 shares during the last quarter. Barclays PLC boosted its holdings in shares of Radian Group by 218.0% during the third quarter. Barclays PLC now owns 284,463 shares of the insurance provider's stock worth $9,868,000 after acquiring an additional 194,996 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Radian Group by 23.3% in the fourth 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. 95.33% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

RDN has been the subject of several research reports. Keefe, Bruyette & Woods dropped their price target on Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. UBS Group lifted their target price on Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $36.80.

Radian Group Price Performance

Shares of RDN traded down $0.81 during trading hours on Thursday, hitting $33.37. 1,177,247 shares of the company were exchanged, compared to its average volume of 1,131,322. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 1.73 and a beta of 1.04. The firm's fifty day moving average is $32.74 and its 200 day moving average is $33.42.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share 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%. On average, equities analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm 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 an increase from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group's dividend payout ratio is currently 25.95%.

Insider Buying and Selling at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the firm'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 value of $133,865.00. Following the sale, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.16% of the company's stock.

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.