KLP Kapitalforvaltning AS Acquires Shares of 65,500 Radian Group Inc. (NYSE:RDN)

KLP Kapitalforvaltning AS bought a new position in Radian Group Inc. (NYSE:RDN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 65,500 shares of the insurance provider's stock, valued at approximately $2,078,000.

Several other hedge funds also recently made changes to their positions in RDN. Picton Mahoney Asset Management grew its holdings 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 acquiring an additional 342 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after purchasing an additional 485 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Radian Group by 124.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock worth $75,000 after purchasing an additional 1,320 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after purchasing an additional 2,119 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Radian Group by 21.1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after purchasing an additional 528 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the transaction, the director now owns 344 shares of the company's stock, valued at $11,231.60. This trade represents a 92.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RDN has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective 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 raised their price target on Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $36.80.

Radian Group Stock Down 0.1 %

Shares of RDN stock traded down $0.02 during midday trading on Monday, reaching $32.80. 360,451 shares of the stock were exchanged, compared to its average volume of 1,116,464. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86. The firm has a market cap of $4.76 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company's 50 day moving average is $32.70 and its two-hundred day moving average is $33.43. 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 issued its quarterly earnings results 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 research analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.11%. This is a positive change from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 24th. Radian Group's dividend payout ratio (DPR) is presently 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.