Hussman Strategic Advisors Inc. Buys Shares of 21,000 Radian Group Inc. (NYSE:RDN)

Hussman Strategic Advisors Inc. bought a new stake in Radian Group Inc. (NYSE:RDN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,000 shares of the insurance provider’s stock, valued at approximately $666,000.

A number of other institutional investors also recently made changes to their positions in RDN. Assenagon Asset Management S.A. raised its position in shares of Radian Group by 272.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock valued at $28,725,000 after purchasing an additional 605,956 shares in the last quarter. Vest Financial LLC raised its position in shares of Radian Group by 35.4% in the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock valued at $34,640,000 after purchasing an additional 285,481 shares in the last quarter. Barclays PLC raised its position in shares of Radian Group by 218.0% in the 3rd quarter. Barclays PLC now owns 284,463 shares of the insurance provider’s stock valued at $9,868,000 after purchasing an additional 194,996 shares in the last quarter. State Street Corp raised its position in shares of Radian Group by 2.7% in the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after purchasing an additional 177,142 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Radian Group by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after purchasing an additional 121,166 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the sale, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.16% of the stock is owned by corporate insiders.

Radian Group Stock Performance

RDN stock opened at $32.87 on Friday. The company has a current ratio of 0.46, a quick ratio of 2.01 and a debt-to-equity ratio of 0.35. The firm has a market cap of $4.77 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.73 and a beta of 1.06. Radian Group Inc. has a 12-month low of $27.20 and a 12-month high of $37.86. The stock’s 50 day simple moving average is $32.67 and its 200 day simple moving average is $33.95.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, equities research analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.10%. Radian Group’s dividend payout ratio (DPR) is currently 24.94%.

Analyst Ratings Changes

RDN has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. UBS Group upped their price target on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.80.

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.