Fmr LLC Buys 12,834 Shares of Radian Group Inc. (NYSE:RDN)

Fmr LLC increased its stake in shares of Radian Group Inc. (NYSE:RDN) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,588,237 shares of the insurance provider’s stock after acquiring an additional 12,834 shares during the quarter. Fmr LLC’s holdings in Radian Group were worth $124,476,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Radian Group in the third quarter valued at approximately $27,000. Fifth Third Bancorp raised its holdings in Radian Group by 859.3% in the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 1,160 shares during the period. CWM LLC raised 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 worth $62,000 after purchasing an additional 1,679 shares during the period. Hexagon Capital Partners LLC raised its holdings in Radian Group by 37.0% in the second quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after purchasing an additional 611 shares during the period. Finally, Blue Trust Inc. raised its holdings in Radian Group by 352.4% in the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 1,949 shares during the period. 95.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays increased their target price on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Radian Group presently has a consensus rating of “Hold” and a consensus price target of $36.10.

Radian Group Trading Down 1.7 %

Shares of NYSE:RDN opened at $34.94 on Thursday. Radian Group Inc. has a 12 month low of $24.92 and a 12 month high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $34.48 and its 200 day simple moving average is $33.77. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.79 and a beta of 1.04.

Radian Group (NYSE:RDN) last issued its quarterly earnings data 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 analyst estimates of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. As a group, research analysts forecast that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be given a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Monday, November 25th. Radian Group’s dividend payout ratio (DPR) is currently 25.39%.

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.