Radian Group Inc. (NYSE:RDN) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in Radian Group Inc. (NYSE:RDN) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,995 shares of the insurance provider’s stock after purchasing an additional 6,788 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Radian Group were worth $1,966,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vest Financial LLC lifted its stake in Radian Group by 35.4% in the fourth quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock valued at $34,640,000 after buying an additional 285,481 shares during the last quarter. Barclays PLC lifted its stake in Radian Group by 218.0% in the third quarter. Barclays PLC now owns 284,463 shares of the insurance provider’s stock valued at $9,868,000 after buying an additional 194,996 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Radian Group by 23.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,020,912 shares of the insurance provider’s stock valued at $32,383,000 after buying an additional 192,854 shares during the last quarter. State Street Corp lifted its stake in Radian Group by 2.7% in the third 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 third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after buying an additional 121,166 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was 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. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

RDN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. UBS Group lifted their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Radian Group presently has an average rating of “Hold” and a consensus target price of $36.80.

Radian Group Stock Down 1.1 %

Shares of RDN stock opened at $32.44 on Monday. Radian Group Inc. has a 12 month low of $27.20 and a 12 month high of $37.86. The firm has a market cap of $4.71 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06. The stock has a 50 day moving average of $32.65 and a 200-day moving average of $33.95. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. On average, equities analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.14%. This is a boost from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 24th. Radian Group’s dividend payout ratio is 24.94%.

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.