Barclays PLC Purchases 8,119 Shares of Radian Group Inc. (NYSE:RDN)

Barclays PLC raised its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 292,582 shares of the insurance provider's stock after purchasing an additional 8,119 shares during the quarter. Barclays PLC owned 0.20% of Radian Group worth $9,280,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Picton Mahoney Asset Management boosted its holdings in shares of Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 342 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 485 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Radian Group by 35.6% during the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 355 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after acquiring an additional 1,320 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Radian Group by 735.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after acquiring an additional 2,119 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Transactions at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction dated 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 transaction, the director now directly owns 344 shares of the company's stock, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.16% of the company's stock.

Analysts Set New Price Targets

RDN has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price objective on Radian Group from $40.00 to $37.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. UBS Group raised their price objective on Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Radian Group presently has a consensus rating of "Hold" and a consensus price target of $36.20.

Radian Group Trading Up 0.5 %

NYSE:RDN traded up $0.16 during trading hours on Monday, hitting $31.53. 1,273,197 shares of the company were exchanged, compared to its average volume of 1,198,650. The company has a fifty day simple moving average of $32.05 and a 200 day simple moving average of $32.99. Radian Group Inc. has a one year low of $29.77 and a one year high of $37.86. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were given a $0.255 dividend. The ex-dividend date was 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 dividend yield of 3.24%. Radian Group's dividend payout ratio (DPR) is 25.95%.

Radian Group Company 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.