Exchange Traded Concepts LLC Acquires 1,532 Shares of Radian Group Inc. (NYSE:RDN)

Exchange Traded Concepts LLC increased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 5.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,132 shares of the insurance provider’s stock after purchasing an additional 1,532 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Radian Group were worth $924,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its stake in shares of Radian Group by 272.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock valued at $28,725,000 after purchasing an additional 605,956 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Radian Group during the second quarter worth about $6,273,000. Barclays PLC grew its holdings in shares of Radian Group by 218.0% during the third quarter. Barclays PLC now owns 284,463 shares of the insurance provider’s stock worth $9,868,000 after buying an additional 194,996 shares in the last quarter. State Street Corp raised its position in Radian Group by 2.7% in the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after buying an additional 177,142 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Radian Group by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after acquiring an additional 121,166 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RDN has been the subject of several research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Barclays raised 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 report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.30.

Radian Group Trading Down 0.6 %

Shares of Radian Group stock opened at $34.23 on Wednesday. The stock has a market cap of $5.10 billion, a P/E ratio of 8.87, a P/E/G ratio of 1.81 and a beta of 1.06. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a 12-month low of $26.11 and a 12-month high of $37.86. The business’s 50 day moving average is $33.18 and its 200-day moving average is $34.21.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, beating 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 firm had revenue of $319.05 million during the quarter, compared to analysts’ expectations of $320.30 million. Equities research analysts predict that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group’s payout ratio is currently 25.39%.

Insider Buying and Selling at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction 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 directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Radian Group Company 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.