Radian Group Inc. (NYSE:RDN) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 25.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,600 shares of the insurance provider’s stock after purchasing an additional 5,581 shares during the period. Exchange Traded Concepts LLC’s holdings in Radian Group were worth $957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Radian Group by 12.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 692,316 shares of the insurance provider’s stock valued at $19,766,000 after acquiring an additional 74,782 shares during the period. Wellington Management Group LLP boosted its holdings in Radian Group by 14.7% during the fourth quarter. Wellington Management Group LLP now owns 340,225 shares of the insurance provider’s stock worth $9,713,000 after buying an additional 43,538 shares in the last quarter. Mather Group LLC. purchased a new stake in Radian Group during the first quarter worth $125,000. Astoria Portfolio Advisors LLC. raised its position in shares of Radian Group by 6.7% in the first quarter. Astoria Portfolio Advisors LLC. now owns 7,482 shares of the insurance provider’s stock worth $250,000 after acquiring an additional 470 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Radian Group by 75.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 709 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Trading Up 1.0 %

Shares of RDN stock opened at $35.84 on Friday. Radian Group Inc. has a fifty-two week low of $24.62 and a fifty-two week high of $37.86. The firm has a market capitalization of $5.40 billion, a P/E ratio of 9.48, a PEG ratio of 1.82 and a beta of 1.05. The stock’s fifty day moving average is $34.90 and its two-hundred day moving average is $32.89. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. The firm had revenue of $312.37 million for the quarter, compared to the consensus estimate of $324.00 million. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. Research analysts expect that Radian Group Inc. will post 3.75 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were issued a $0.245 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 2.73%. Radian Group’s dividend payout ratio is presently 25.93%.

Analyst Upgrades and Downgrades

RDN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Royal Bank of Canada lifted 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. Barclays boosted their price target 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. Finally, Roth Mkm lifted their target price on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Radian Group has a consensus rating of “Hold” and a consensus target price of $36.10.

Insider Buying and Selling

In other Radian Group news, CAO Robert Quigley sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the sale, the chief accounting officer now directly owns 48,392 shares in the company, valued at $1,725,174.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Mary Dickerson sold 19,511 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total value of $701,030.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Robert Quigley sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the transaction, the chief accounting officer now owns 48,392 shares of the company’s stock, valued at $1,725,174.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is owned by corporate insiders.

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.