First Eagle Investment Management LLC Purchases 25,500 Shares of Radian Group Inc. (NYSE:RDN)

First Eagle Investment Management LLC lifted its position in Radian Group Inc. (NYSE:RDN) by 5.3% during the 4th quarter, HoldingsChannel reports. The firm owned 510,873 shares of the insurance provider’s stock after acquiring an additional 25,500 shares during the quarter. First Eagle Investment Management LLC’s holdings in Radian Group were worth $16,205,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in RDN. V Square Quantitative Management LLC increased its holdings in shares of Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 485 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock worth $76,000 after acquiring an additional 2,119 shares during the last quarter. Blue Trust Inc. increased its stake in Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 528 shares during the last quarter. Finally, KBC Group NV increased its stake in Radian Group by 19.0% during the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 716 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Radian Group Stock Up 0.6 %

Shares of NYSE:RDN opened at $31.08 on Friday. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86. The business has a 50 day simple moving average of $32.65 and a two-hundred day simple moving average of $33.73. The firm has a market capitalization of $4.51 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s payout ratio is 25.95%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RDN shares. UBS Group boosted their price objective on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $36.80.

Insider Activity at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.16% of the stock is owned by company insiders.

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.