Radian Group Inc. (NYSE:RDN) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its stake in Radian Group Inc. (NYSE:RDN) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,442 shares of the insurance provider’s stock after buying an additional 2,050 shares during the period. QRG Capital Management Inc.’s holdings in Radian Group were worth $1,061,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC grew its position in shares of Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 485 shares during the last quarter. Blue Trust Inc. boosted its stake in Radian Group by 21.1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock valued at $105,000 after purchasing an additional 528 shares during the period. KBC Group NV grew its position in Radian Group by 19.0% in the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 716 shares during the last quarter. Forum Financial Management LP bought a new position in Radian Group in the 3rd quarter worth about $201,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Radian Group in the third quarter valued at approximately $237,000. 95.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RDN has been the subject of several analyst reports. UBS Group boosted their price objective on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.80.

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 value of $509,528.25. Following the sale, the insider now directly owns 171,830 shares in the company, valued at $5,953,909.50. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory Serio sold 4,100 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the sale, the director now directly owns 344 shares of the company’s stock, valued at approximately $11,231.60. This represents a 92.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.16% of the company’s stock.

Radian Group Trading Up 0.4 %

Shares of NYSE:RDN opened at $33.04 on Tuesday. The company has a 50 day moving average of $32.65 and a 200-day moving average of $33.90. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4.79 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.73 and a beta of 1.06. Radian Group Inc. has a twelve month low of $28.98 and a twelve month high of $37.86.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th will be issued a $0.255 dividend. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.02 annualized dividend and a dividend yield of 3.09%. Radian Group’s dividend payout ratio is 25.95%.

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.