First Eagle Investment Management LLC Has $16.21 Million Stake in Radian Group Inc. (NYSE:RDN)

First Eagle Investment Management LLC boosted its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 5.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 510,873 shares of the insurance provider's stock after buying an additional 25,500 shares during the period. First Eagle Investment Management LLC owned 0.34% of Radian Group worth $16,205,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB grew its position in Radian Group by 11.2% in the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider's stock valued at $6,233,000 after buying an additional 19,730 shares in the last quarter. Centiva Capital LP acquired a new stake in Radian Group in the 3rd quarter valued at about $512,000. Principal Financial Group Inc. lifted its holdings in Radian Group by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock valued at $22,915,000 after acquiring an additional 13,202 shares during the last quarter. EMC Capital Management lifted its holdings in Radian Group by 300.8% in the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider's stock valued at $584,000 after acquiring an additional 13,810 shares during the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in Radian Group in the 3rd quarter valued at about $2,650,000. Institutional investors own 95.33% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RDN shares. UBS Group upped their price target on shares of Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods cut their price target on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Radian Group has an average rating of "Hold" and an average target price of $36.80.

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Insider Buying and Selling at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.16% of the company's stock.

Radian Group Trading Down 0.4 %

RDN stock traded down $0.13 during mid-day trading on Tuesday, reaching $31.43. 1,764,031 shares of the stock traded hands, compared to its average volume of 966,802. 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 Inc. has a 52-week low of $29.17 and a 52-week high of $37.86. The company has a market cap of $4.56 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.73 and a beta of 1.04. The stock's fifty day moving average is $32.62 and its 200-day moving average is $33.62.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders 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 positive change from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.25%. Radian Group's dividend payout ratio is currently 25.95%.

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.