Xponance Inc. Buys 892 Shares of Radian Group Inc. (NYSE:RDN)

Xponance Inc. grew its stake in shares of Radian Group Inc. (NYSE:RDN) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,841 shares of the insurance provider’s stock after purchasing an additional 892 shares during the period. Xponance Inc.’s holdings in Radian Group were worth $344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cibc World Markets Corp purchased a new stake in Radian Group in the fourth quarter worth $450,000. Royce & Associates LP grew its position in shares of Radian Group by 9.5% in the 4th quarter. Royce & Associates LP now owns 91,603 shares of the insurance provider’s stock worth $2,906,000 after buying an additional 7,914 shares during the period. Picton Mahoney Asset Management increased its stake in shares of Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 342 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Radian Group by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider’s stock valued at $16,205,000 after acquiring an additional 25,500 shares during the period. Finally, Swiss National Bank boosted its stake in Radian Group by 0.6% during the fourth quarter. Swiss National Bank now owns 295,850 shares of the insurance provider’s stock worth $9,384,000 after acquiring an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. UBS Group raised their price objective on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $36.80.

Insiders Place Their Bets

In other Radian Group news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now owns 344 shares of the company’s stock, valued at approximately $11,231.60. The trade was a 92.26 % 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 owned by insiders.

Radian Group Trading Up 0.8 %

Shares of NYSE RDN opened at $33.44 on Friday. The firm’s 50 day moving average price is $32.71 and its 200-day moving average price is $33.46. Radian Group Inc. has a 52-week low of $29.17 and a 52-week high of $37.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The company has a market cap of $4.85 billion, a PE ratio of 8.51, a P/E/G ratio of 1.73 and a beta of 1.04.

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 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%. On average, equities research analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.05%. This is an increase from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

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.