24,931 Shares in Radian Group Inc. (NYSE:RDN) Bought by South Dakota Investment Council

South Dakota Investment Council acquired a new stake in shares of Radian Group Inc. (NYSE:RDN) in the fourth quarter, HoldingsChannel reports. The fund acquired 24,931 shares of the insurance provider’s stock, valued at approximately $712,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDN. Robeco Institutional Asset Management B.V. raised its stake in shares of Radian Group by 117.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,694,765 shares of the insurance provider’s stock worth $42,556,000 after purchasing an additional 914,046 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Radian Group in the fourth quarter valued at approximately $16,918,000. Assenagon Asset Management S.A. bought a new stake in Radian Group in the fourth quarter worth approximately $16,368,000. Tudor Investment Corp Et Al acquired a new position in shares of Radian Group during the 3rd quarter worth $6,735,000. Finally, Comerica Bank raised its holdings in shares of Radian Group by 5,573.5% during the 3rd quarter. Comerica Bank now owns 222,287 shares of the insurance provider’s stock valued at $5,582,000 after purchasing an additional 218,369 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Price Performance

Shares of Radian Group stock opened at $30.31 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $30.46 and a 200-day simple moving average of $28.36. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 1.88 and a beta of 1.02. Radian Group Inc. has a 1-year low of $22.93 and a 1-year high of $33.69.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The company had revenue of $328.64 million for the quarter, compared to the consensus estimate of $319.04 million. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. On average, sell-side analysts expect that Radian Group Inc. will post 3.27 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a $0.245 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from Radian Group’s previous quarterly dividend of $0.23. Radian Group’s dividend payout ratio (DPR) is currently 25.93%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $35.00 price objective (down from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.00.

Radian Group 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.