Erste Asset Management GmbH Makes New $369,000 Investment in Radian Group Inc. (NYSE:RDN)

Erste Asset Management GmbH acquired a new position in Radian Group Inc. (NYSE:RDN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,600 shares of the insurance provider’s stock, valued at approximately $369,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Radian Group in the 3rd quarter worth approximately $27,000. Fifth Third Bancorp raised its position in shares of Radian Group by 859.3% in the 2nd 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 in the last quarter. CWM LLC raised its position in shares of Radian Group by 539.9% in the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 1,679 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Radian Group by 37.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after acquiring an additional 611 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 1,949 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their target price 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.10.

Radian Group Stock Down 1.7 %

RDN stock opened at $34.94 on Thursday. Radian Group Inc. has a twelve month low of $24.92 and a twelve month high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. The firm has a market cap of $5.20 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 1.79 and a beta of 1.04. The business has a 50 day moving average of $34.48 and a 200 day moving average of $33.77.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, beating 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 company had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. On average, research analysts forecast that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 2.81%. The ex-dividend date is Monday, November 25th. Radian Group’s payout ratio is 25.39%.

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.