Nordea Investment Management AB increased its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,942 shares of the insurance provider's stock after acquiring an additional 19,730 shares during the quarter. Nordea Investment Management AB owned about 0.13% of Radian Group worth $6,233,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Radian Group in the third quarter worth about $27,000. Blue Trust Inc. grew its stake in shares of Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider's stock valued at $87,000 after purchasing an additional 1,949 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Radian Group in the 2nd quarter worth approximately $116,000. KBC Group NV lifted its holdings in shares of Radian Group by 19.0% during the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider's stock valued at $155,000 after acquiring an additional 716 shares during the period. Finally, Forum Financial Management LP acquired a new stake in shares of Radian Group in the 3rd quarter valued at $201,000. 95.33% of the stock is currently owned by institutional investors.
Insider Activity at Radian Group
In related news, insider Derek Brummer sold 14,705 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the transaction, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.16% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on RDN shares. 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. Barclays lifted their target price on shares of Radian Group from $32.00 to $33.00 and gave the company 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $36.30.
View Our Latest Research Report on RDN
Radian Group Trading Down 3.4 %
Shares of NYSE RDN traded down $1.06 during midday trading on Friday, hitting $30.58. The stock had a trading volume of 1,854,540 shares, compared to its average volume of 1,402,160. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. Radian Group Inc. has a fifty-two week low of $26.11 and a fifty-two week high of $37.86. The firm has a market cap of $4.55 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.06. The company's 50-day simple moving average is $33.40 and its 200 day simple moving average is $34.04.
Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The business had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Research analysts anticipate that Radian Group Inc. will post 4 EPS for the current year.
Radian Group Announces Dividend
The business 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 dividend on an annualized basis and a dividend yield of 3.20%. Radian Group's dividend payout ratio (DPR) is presently 25.39%.
Radian Group Company Profile
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Free Report)
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.
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