Radian Group Inc. $RDN Stock Holdings Boosted by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC grew its position in shares of Radian Group Inc. (NYSE:RDN) by 187.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 47,337 shares of the insurance provider’s stock after purchasing an additional 30,862 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Radian Group were worth $1,715,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Capital Fund Management S.A. acquired a new position in shares of Radian Group in the 2nd quarter worth approximately $3,470,000. Norges Bank bought a new stake in Radian Group during the second quarter worth approximately $85,785,000. WINTON GROUP Ltd acquired a new position in Radian Group in the second quarter worth approximately $6,399,000. Allworth Financial LP increased its holdings in shares of Radian Group by 1,049.7% in the second quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider’s stock valued at $68,000 after buying an additional 1,732 shares in the last quarter. Finally, Paulson Wealth Management Inc. acquired a new stake in shares of Radian Group during the 2nd quarter valued at $229,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Price Performance

Shares of RDN opened at $33.13 on Friday. The business’s 50-day moving average is $35.39 and its 200-day moving average is $34.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 8.26 and a beta of 0.82. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, topping the consensus estimate of $0.95 by $0.20. The business had revenue of $303.19 million during the quarter, compared to analysts’ expectations of $308.77 million. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. Equities research analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, November 24th. Radian Group’s dividend payout ratio (DPR) is 25.44%.

Insider Buying and Selling at Radian Group

In other news, EVP Eric Ray sold 13,957 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total value of $496,869.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RDN shares. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price target on Radian Group from $40.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday, December 18th. Barclays boosted their price objective on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a report on Monday, October 6th. UBS Group cut their price target on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a research note on Friday, January 2nd. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.00.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.