Van ECK Associates Corp Acquires 24,880 Shares of Radian Group Inc. (NYSE:RDN)

Van ECK Associates Corp boosted its stake in shares of Radian Group Inc. (NYSE:RDN) by 40.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 87,071 shares of the insurance provider’s stock after buying an additional 24,880 shares during the quarter. Van ECK Associates Corp’s holdings in Radian Group were worth $2,986,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in Radian Group during the third quarter worth approximately $27,000. Fifth Third Bancorp lifted its holdings in Radian Group by 859.3% during the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after buying an additional 1,160 shares during the period. CWM LLC increased its position in shares of Radian Group by 539.9% during 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 in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Radian Group by 37.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock valued at $70,000 after acquiring an additional 611 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 1,949 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Stock Down 1.1 %

Shares of NYSE RDN opened at $33.48 on Friday. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.84 and a beta of 1.04. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. Radian Group Inc. has a 52-week low of $24.92 and a 52-week high of $37.86. The business’s 50 day moving average is $34.60 and its two-hundred day moving average is $33.28.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.88 by $0.15. The business had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 14.01%. Research analysts predict that Radian Group Inc. will post 3.75 EPS for the current year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were paid a $0.245 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 2.93%. Radian Group’s dividend payout ratio (DPR) is 25.39%.

Wall Street Analyst Weigh In

RDN has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their target price 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. 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 report on Friday, August 2nd. Barclays lifted their price target on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Roth Mkm lifted their price target 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.10.

Insiders Place Their Bets

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 186,535 shares in the company, valued at $6,595,877.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Robert Quigley sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the completion of the transaction, the chief accounting officer now owns 48,392 shares in the company, valued at approximately $1,725,174.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 115,955 shares of company stock worth $4,130,140 over the last 90 days. Corporate insiders own 2.16% of the company’s stock.

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.