EMC Capital Management Purchases 13,810 Shares of Radian Group Inc. (NYSE:RDN)

EMC Capital Management increased its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 300.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,401 shares of the insurance provider's stock after buying an additional 13,810 shares during the period. Radian Group accounts for approximately 0.3% of EMC Capital Management's investment portfolio, making the stock its 25th biggest position. EMC Capital Management's holdings in Radian Group were worth $584,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RDN. Nordea Investment Management AB increased its holdings in shares of Radian Group by 11.2% during the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider's stock worth $6,233,000 after acquiring an additional 19,730 shares during the last quarter. Centiva Capital LP bought a new position in Radian Group during the third quarter worth $512,000. Moran Wealth Management LLC acquired a new position in shares of Radian Group in the third quarter valued at $2,650,000. Charles Schwab Investment Management Inc. raised its position in shares of Radian Group by 2.1% in 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 purchasing an additional 121,166 shares during the period. Finally, Vest Financial LLC lifted its stake in shares of Radian Group by 8.0% during the 3rd quarter. Vest Financial LLC now owns 806,573 shares of the insurance provider's stock worth $27,980,000 after buying an additional 59,909 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Stock Performance

NYSE:RDN traded down $0.37 during mid-day trading on Monday, reaching $33.65. 428,008 shares of the company's stock were exchanged, compared to its average volume of 1,147,404. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market capitalization of $5.01 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. Radian Group Inc. has a one year low of $26.11 and a one year high of $37.86. The business's fifty day simple moving average is $33.18 and its two-hundred day simple moving average is $34.21.

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

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were issued a $0.245 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.98 annualized dividend and a yield of 2.91%. Radian Group's dividend payout ratio is presently 25.39%.

Insider Activity

In other news, insider Derek Brummer sold 14,705 shares of the company'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 sale, the insider now owns 171,830 shares of the company's stock, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.16% of the company's stock.

Analysts Set New Price Targets

RDN has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Barclays upped their target price on Radian Group from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $36.30.

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.