Alps Advisors Inc. Has $20.70 Million Stock Holdings in Radian Group Inc. $RDN

Alps Advisors Inc. grew its stake in Radian Group Inc. (NYSE:RDN) by 57.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571,588 shares of the insurance provider’s stock after acquiring an additional 208,181 shares during the period. Alps Advisors Inc. owned 0.42% of Radian Group worth $20,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of RDN. Geneos Wealth Management Inc. grew its stake in Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 572 shares in the last quarter. Financial Consulate Inc. acquired a new stake in shares of Radian Group in the 3rd quarter valued at approximately $29,000. Bessemer Group Inc. grew its stake in shares of Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after buying an additional 318 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in Radian Group during the third quarter worth $33,000. Finally, Hantz Financial Services Inc. raised its position in Radian Group by 178.2% during the third quarter. Hantz Financial Services Inc. now owns 1,224 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 784 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Stock Down 0.7%

Radian Group stock opened at $33.55 on Monday. The company’s 50-day moving average price is $34.80 and its two-hundred day moving average price is $34.70. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.24. The stock has a market cap of $4.55 billion, a P/E ratio of 8.37 and a beta of 0.81. Radian Group Inc. has a twelve month low of $29.32 and a twelve month high of $38.84.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a dividend of $0.255 per share. The ex-dividend date was Monday, November 24th. This represents a $1.02 annualized dividend and a yield of 3.0%. Radian Group’s dividend payout ratio (DPR) is presently 25.44%.

Analyst Ratings Changes

RDN has been the subject of a number of analyst reports. UBS Group decreased their price objective on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Roth Mkm reiterated a “buy” rating and set a $45.00 price target on shares of Radian Group in a report on Friday, January 2nd. Zacks Research downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods raised their price objective 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. Finally, Weiss Ratings downgraded Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Radian Group currently has a consensus rating of “Hold” and a consensus target price of $40.00.

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 dated 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 accessible through this hyperlink. Corporate insiders own 2.01% of the company’s stock.

Radian Group 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.