Bailard Inc. purchased a new position in shares of Radian Group Inc (NYSE:RDN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 21,000 shares of the insurance provider’s stock, valued at approximately $433,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its position in shares of Radian Group by 27.8% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,342,225 shares of the insurance provider’s stock worth $25,086,000 after purchasing an additional 292,200 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Radian Group by 28.6% during the third quarter. Canada Pension Plan Investment Board now owns 126,200 shares of the insurance provider’s stock worth $2,359,000 after buying an additional 28,100 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Radian Group by 57.0% during the third quarter. Prudential Financial Inc. now owns 2,085,847 shares of the insurance provider’s stock worth $38,984,000 after buying an additional 757,490 shares in the last quarter. IndexIQ Advisors LLC grew its holdings in shares of Radian Group by 83.1% during the third quarter. IndexIQ Advisors LLC now owns 48,260 shares of the insurance provider’s stock worth $902,000 after buying an additional 21,904 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Radian Group by 45.8% during the third quarter. Nordea Investment Management AB now owns 639,207 shares of the insurance provider’s stock worth $11,947,000 after buying an additional 200,673 shares in the last quarter. 91.66% of the stock is currently owned by institutional investors.
Radian Group Inc (NYSE:RDN) opened at $21.41 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $4,620.00, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 1.36 and a beta of 1.58. Radian Group Inc has a one year low of $15.58 and a one year high of $23.49.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 26th will be paid a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. This is an increase from Radian Group’s previous quarterly dividend of $0.00. The ex-dividend date is Friday, February 23rd. Radian Group’s dividend payout ratio (DPR) is currently 0.99%.
RDN has been the subject of a number of research reports. Royal Bank of Canada initiated coverage on Radian Group in a report on Wednesday, December 20th. They set an “outperform” rating and a $26.00 price objective for the company. Zacks Investment Research downgraded Radian Group from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Compass Point upgraded Radian Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.75 to $24.75 in a report on Friday, October 27th. ValuEngine upgraded Radian Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, B. Riley reiterated a “buy” rating on shares of Radian Group in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Radian Group has a consensus rating of “Buy” and a consensus price target of $24.68.
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About Radian Group
Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.
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