Versor Investments LP Boosts Holdings in Radian Group Inc. (NYSE:RDN)

Versor Investments LP boosted its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 316.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,239 shares of the insurance provider's stock after purchasing an additional 37,422 shares during the quarter. Versor Investments LP's holdings in Radian Group were worth $1,708,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RDN. Vanguard Group Inc. lifted its position in shares of Radian Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider's stock valued at $684,096,000 after buying an additional 69,383 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 purchasing an additional 89,363 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Radian Group by 0.8% during the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider's stock valued at $97,437,000 after purchasing an additional 25,862 shares in the last quarter. American Century Companies Inc. grew its position in shares of Radian Group by 18.2% in the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider's stock valued at $88,136,000 after purchasing an additional 435,751 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Radian Group by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,927,201 shares of the insurance provider's stock worth $59,936,000 after purchasing an additional 6,588 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Radian Group

In other Radian Group news, CAO Robert Quigley sold 7,500 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the completion of the transaction, the chief accounting officer now owns 48,392 shares of the company's stock, valued at $1,725,174.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Robert Quigley sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total value of $267,375.00. Following the transaction, the chief accounting officer now directly owns 48,392 shares in the company, valued at approximately $1,725,174.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Eric Ray sold 53,791 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,955 shares of company stock worth $4,130,140. Company insiders own 2.16% of the company's stock.

Radian Group Trading Up 2.4 %

NYSE:RDN traded up $0.79 on Monday, hitting $34.27. The stock had a trading volume of 913,755 shares, compared to its average volume of 1,049,612. The company has a fifty day moving average price of $34.56 and a two-hundred day moving average price of $33.33. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 1.71 and a beta of 1.04. The company has a quick ratio of 1.84, a current ratio of 0.45 and a debt-to-equity ratio of 0.34. Radian Group Inc. has a 1-year low of $24.92 and a 1-year high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.15. The firm 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%. Equities research analysts expect that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group's payout ratio is 25.39%.

Analyst Upgrades and Downgrades

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

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.