Intech Investment Management LLC Invests $1.08 Million in Radian Group Inc. (NYSE:RDN)

Intech Investment Management LLC purchased a new stake in Radian Group Inc. (NYSE:RDN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,983 shares of the insurance provider’s stock, valued at approximately $1,075,000.

Several other hedge funds have also added to or reduced their stakes in RDN. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Radian Group by 10.2% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 711,960 shares of the insurance provider’s stock valued at $24,698,000 after purchasing an additional 65,678 shares during the period. Moran Wealth Management LLC acquired a new position in Radian Group in the 3rd quarter valued at about $2,650,000. Quest Partners LLC acquired a new stake in Radian Group during the third quarter worth approximately $1,161,000. KBC Group NV lifted its position in Radian Group by 19.0% during the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 716 shares during the last quarter. Finally, Versor Investments LP boosted its holdings in shares of Radian Group by 316.7% during the third quarter. Versor Investments LP now owns 49,239 shares of the insurance provider’s stock worth $1,708,000 after acquiring an additional 37,422 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Activity at Radian Group

In other news, insider Derek Brummer sold 35,153 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the sale, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. This trade represents a 15.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.16% of the stock is currently owned by insiders.

Radian Group Trading Up 1.0 %

Shares of Radian Group stock opened at $35.53 on Thursday. The firm’s 50-day moving average price is $34.43 and its two-hundred day moving average price is $33.61. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.78 and a beta of 1.04. 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 $24.92 and a 12-month high of $37.86.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The business had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. On average, analysts forecast 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 will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be given a dividend of $0.245 per share. The ex-dividend date is Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 2.76%. Radian Group’s dividend payout ratio is currently 25.39%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays boosted their price target on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada upped their price target on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Roth Mkm increased their target price on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.10.

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.