Aviva PLC Acquires Shares of 53,290 Radian Group Inc. (NYSE:RDN)

Aviva PLC bought a new position in Radian Group Inc. (NYSE:RDN – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,290 shares of the insurance provider’s stock, valued at approximately $1,016,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lazard Asset Management LLC raised its position in shares of Radian Group by 1,399.0% in the third quarter. Lazard Asset Management LLC now owns 1,454 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 1,357 shares during the period. Ensign Peak Advisors Inc acquired a new position in Radian Group in the 3rd quarter worth about $73,000. Captrust Financial Advisors boosted its position in Radian Group by 49.8% during the second quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 1,476 shares in the last quarter. Counterpoint Mutual Funds LLC grew its holdings in Radian Group by 38.6% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 7,740 shares of the insurance provider’s stock valued at $148,000 after purchasing an additional 2,157 shares during the period. Finally, Covestor Ltd increased its position in shares of Radian Group by 85.3% in the first quarter. Covestor Ltd now owns 7,357 shares of the insurance provider’s stock valued at $163,000 after buying an additional 3,386 shares in the last quarter. 94.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Edward J. Hoffman sold 9,990 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $21.61, for a total value of $215,883.90. Following the transaction, the executive vice president now directly owns 118,534 shares in the company, valued at approximately $2,561,519.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Derek Brummer sold 25,000 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $21.75, for a total value of $543,750.00. Following the sale, the insider now owns 183,990 shares in the company, valued at approximately $4,001,782.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Edward J. Hoffman sold 9,990 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $21.61, for a total transaction of $215,883.90. Following the sale, the executive vice president now owns 118,534 shares in the company, valued at $2,561,519.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,595 shares of company stock valued at $2,077,889. Company insiders own 1.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RDN. Roth Capital reissued a “buy” rating on shares of Radian Group in a report on Thursday, February 9th. Bank of America downgraded Radian Group from a “buy” rating to an “underperform” rating in a research report on Tuesday, May 9th. StockNews.com began coverage on shares of Radian Group in a research note on Thursday. They set a “hold” rating on the stock. Royal Bank of Canada upped their target price on shares of Radian Group from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, February 10th. Finally, Compass Point raised shares of Radian Group from a “neutral” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Radian Group has a consensus rating of “Hold” and an average price target of $24.64.

Radian Group Stock Down 0.5 %

Shares of NYSE RDN opened at $25.75 on Friday. The company has a market capitalization of $4.03 billion, a P/E ratio of 5.93, a P/E/G ratio of 1.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50 day simple moving average of $22.99 and a 200-day simple moving average of $21.26. Radian Group Inc. has a 1 year low of $17.83 and a 1 year high of $26.06.

Radian Group (NYSE:RDN – Get Rating) last posted its earnings results on Wednesday, May 3rd. The insurance provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.23. The company had revenue of $310.62 million for the quarter, compared to the consensus estimate of $313.37 million. Radian Group had a return on equity of 19.90% and a net margin of 59.55%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 earnings per share. On average, equities research analysts predict that Radian Group Inc. will post 3.28 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 30th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, May 26th. Radian Group’s dividend payout ratio (DPR) is presently 20.74%.

Radian Group Profile

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Radian Group, Inc is a holding company, which engages in the provision of mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage and Real Estate segments. The Mortgage segment offers credit-related insurance coverage, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.