Radian Group Inc. (NYSE:RDN) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 40.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,071 shares of the insurance provider's stock after buying an additional 24,880 shares during the quarter. Van ECK Associates Corp owned approximately 0.06% of Radian Group worth $2,986,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RDN. V Square Quantitative Management LLC acquired a new position in Radian Group during the third quarter worth approximately $27,000. Fifth Third Bancorp raised its position in shares of Radian Group by 859.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider's stock worth $40,000 after buying an additional 1,160 shares during the period. CWM LLC boosted its holdings in Radian Group by 539.9% in the second quarter. CWM LLC now owns 1,990 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 1,679 shares during the last quarter. Hexagon Capital Partners LLC grew its position in Radian Group by 37.0% during the second quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider's stock valued at $70,000 after acquiring an additional 611 shares during the period. Finally, Blue Trust Inc. increased its stake in Radian Group by 352.4% during the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider's stock worth $87,000 after acquiring an additional 1,949 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Wall Street Analysts Forecast Growth

RDN has been the topic of several research analyst reports. Roth Mkm lifted their price objective on Radian Group from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Barclays boosted their price objective 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. Keefe, Bruyette & Woods increased their price objective on shares of Radian Group from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada lifted their target price on shares of Radian Group from $32.00 to $37.00 and gave the company a "sector perform" rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.10.

Radian Group Stock Down 1.1 %

Radian Group stock traded down $0.38 during midday trading on Friday, hitting $33.48. 1,922,387 shares of the company were exchanged, compared to its average volume of 1,178,845. The company has a market cap of $5.04 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 1.84 and a beta of 1.04. Radian Group Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $37.86. The company's fifty day moving average price is $34.60 and its 200-day moving average price is $33.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84.

Radian Group (NYSE:RDN - Get Free Report) last posted its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 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 net margin of 45.96% and a return on equity of 14.01%. On average, research analysts predict that Radian Group Inc. will post 3.75 EPS for the current fiscal year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were paid a dividend of $0.245 per share. The ex-dividend date was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 2.93%. Radian Group's dividend payout ratio is presently 25.39%.

Insider Transactions at Radian Group

In other Radian Group news, CAO Robert Quigley sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total transaction of $267,375.00. Following the completion of the sale, the chief accounting officer now owns 48,392 shares in the company, valued at $1,725,174.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Mary Dickerson sold 19,511 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total transaction of $701,030.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert Quigley sold 7,500 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the sale, the chief accounting officer now directly owns 48,392 shares of the company's stock, valued at approximately $1,725,174.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,955 shares of company stock valued at $4,130,140. 2.16% of the stock is currently owned by insiders.

Radian Group 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.