Barclays PLC Purchases 194,996 Shares of Radian Group Inc. (NYSE:RDN)

Barclays PLC grew its position in Radian Group Inc. (NYSE:RDN - Free Report) by 218.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,463 shares of the insurance provider's stock after purchasing an additional 194,996 shares during the period. Barclays PLC owned about 0.19% of Radian Group worth $9,868,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RDN. State Street Corp grew its stake in Radian Group by 2.7% in the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider's stock valued at $232,433,000 after purchasing an additional 177,142 shares during the period. Charles Schwab Investment Management Inc. grew its position in Radian Group by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider's stock valued at $202,789,000 after buying an additional 121,166 shares during the period. Dimensional Fund Advisors LP grew its position in Radian Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider's stock valued at $172,365,000 after buying an additional 89,363 shares during the period. FMR LLC increased its holdings in Radian Group by 0.4% during the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider's stock worth $124,476,000 after buying an additional 12,834 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Radian Group by 0.8% in the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider's stock worth $97,437,000 after acquiring an additional 25,862 shares during the period. 95.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays raised their price target on shares of Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $36.10.

Radian Group Stock Performance

Shares of RDN traded down $0.64 during trading hours on Tuesday, hitting $33.07. The company's stock had a trading volume of 1,320,022 shares, compared to its average volume of 1,037,222. Radian Group Inc. has a 52-week low of $26.11 and a 52-week high of $37.86. The business has a 50 day simple moving average of $34.39 and a two-hundred day simple moving average of $33.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.69 and a beta of 1.04.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.15. The business had revenue of $319.05 million for the quarter, compared to analysts' expectations of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. On average, equities analysts expect that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.98 annualized dividend and a yield of 2.96%. Radian Group's dividend payout ratio is currently 25.39%.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the sale, the insider now owns 171,830 shares of the company's stock, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.16% of the stock is currently owned by insiders.

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.