28,253 Shares in Radian Group Inc. (NYSE:RDN) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Radian Group Inc. (NYSE:RDN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 28,253 shares of the insurance provider’s stock, valued at approximately $980,000.

A number of other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in shares of Radian Group by 272.8% in the third quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock valued at $28,725,000 after acquiring an additional 605,956 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Radian Group by 460.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 660,693 shares of the insurance provider’s stock valued at $20,548,000 after purchasing an additional 542,801 shares during the period. American Century Companies Inc. increased its position in shares of Radian Group by 18.2% during the 2nd quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock valued at $88,136,000 after purchasing an additional 435,751 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Radian Group during the 2nd quarter worth $6,273,000. Finally, WINTON GROUP Ltd boosted its holdings in shares of Radian Group by 509.5% in the 2nd quarter. WINTON GROUP Ltd now owns 212,295 shares of the insurance provider’s stock worth $6,602,000 after buying an additional 177,466 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RDN has been the subject of a number of research analyst reports. Roth Mkm raised their price objective on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods lifted their price target on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Barclays increased their price objective on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada boosted their target price on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.10.

Radian Group Stock Up 1.0 %

RDN opened at $35.53 on Thursday. Radian Group Inc. has a 12 month low of $24.92 and a 12 month high of $37.86. The company has a market cap of $5.29 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 1.78 and a beta of 1.04. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $34.43 and a 200 day moving average of $33.61.

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 analysts’ consensus estimates of $0.88 by $0.15. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. The firm had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. On average, sell-side analysts expect that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Monday, November 25th. Radian Group’s dividend payout ratio is presently 25.39%.

Insider Transactions at Radian Group

In related news, insider Derek Brummer sold 35,153 shares of the company’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 transaction of $1,243,010.08. Following the sale, the insider now owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. This represents a 15.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.16% of the company’s stock.

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.