Royce & Associates LP increased its stake in Radian Group Inc (NYSE:RDN) by 65.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 693,500 shares of the insurance provider’s stock after buying an additional 275,500 shares during the quarter. Royce & Associates LP owned about 0.32% of Radian Group worth $12,962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Amalgamated Bank lifted its position in Radian Group by 1.4% in the second quarter. Amalgamated Bank now owns 27,445 shares of the insurance provider’s stock worth $449,000 after buying an additional 376 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Radian Group by 2.9% in the second quarter. Teacher Retirement System of Texas now owns 17,291 shares of the insurance provider’s stock worth $283,000 after buying an additional 485 shares during the last quarter. OxFORD Asset Management LLP lifted its position in Radian Group by 3.6% in the second quarter. OxFORD Asset Management LLP now owns 15,824 shares of the insurance provider’s stock worth $259,000 after buying an additional 555 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Radian Group by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 166,041 shares of the insurance provider’s stock worth $2,715,000 after buying an additional 766 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Radian Group by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock worth $127,000 after buying an additional 803 shares during the last quarter. Institutional investors own 91.56% of the company’s stock.

Radian Group Inc (NYSE RDN) traded up $0.07 during trading hours on Wednesday, hitting $22.51. The stock had a trading volume of 1,625,000 shares, compared to its average volume of 1,662,110. Radian Group Inc has a fifty-two week low of $15.58 and a fifty-two week high of $22.66. The company has a market capitalization of $4,850.00, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 2.55 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23.

Radian Group (NYSE:RDN) last released its earnings results on Thursday, October 26th. The insurance provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The business had revenue of $312.05 million during the quarter, compared to the consensus estimate of $321.10 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. analysts forecast that Radian Group Inc will post 1.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Monday, November 27th were given a dividend of $0.002 per share. The ex-dividend date of this dividend was Friday, November 24th. This represents a $0.01 annualized dividend and a dividend yield of 0.04%. Radian Group’s dividend payout ratio (DPR) is 1.27%.

RDN has been the subject of a number of analyst reports. ValuEngine downgraded Radian Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research upgraded Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, October 10th. Compass Point restated a “neutral” rating and issued a $21.25 price target on shares of Radian Group in a research report on Saturday, October 14th. BTIG Research restated a “buy” rating and issued a $22.00 price target on shares of Radian Group in a research report on Sunday, October 15th. Finally, Susquehanna Bancshares set a $22.00 price target on Radian Group and gave the stock a “buy” rating in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $22.53.

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Radian Group Profile

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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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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