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

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

Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Radian Group in the third quarter valued at $27,000. Fifth Third Bancorp raised its position in shares of 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 acquiring an additional 1,160 shares during the last quarter. CWM LLC lifted its stake in shares of Radian Group by 539.9% in the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 1,679 shares during the period. Hexagon Capital Partners LLC boosted its holdings in Radian Group by 37.0% in the second 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 last quarter. Finally, Blue Trust Inc. boosted its holdings in Radian Group by 352.4% in the third 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 last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the firm’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 transaction, the insider now directly owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. This trade represents a 15.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RDN. Royal Bank of Canada boosted their price target on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Roth Mkm boosted their target price on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays lifted their price objective on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Radian Group presently has an average rating of “Hold” and a consensus target price of $36.10.

Radian Group Price Performance

Shares of NYSE RDN opened at $35.53 on Thursday. The firm has a market capitalization of $5.29 billion, a P/E ratio of 9.20, a P/E/G ratio of 1.78 and a beta of 1.04. The firm’s 50-day moving average price is $34.43 and its 200-day moving average price is $33.61. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a 1-year low of $24.92 and a 1-year high of $37.86.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share 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 business had revenue of $319.05 million for the quarter, compared to the consensus estimate of $320.30 million. Equities research analysts anticipate that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Monday, November 25th. Radian Group’s dividend payout ratio is currently 25.39%.

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.