BNP Paribas Financial Markets Decreases Position in Radian Group Inc. (NYSE:RDN)

BNP Paribas Financial Markets lowered its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 28.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 139,486 shares of the insurance provider's stock after selling 55,183 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of Radian Group worth $4,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RDN. Norges Bank bought a new position in shares of Radian Group during the fourth quarter valued at approximately $73,693,000. First Trust Advisors LP increased its position in Radian Group by 20.6% during the 4th quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock valued at $341,505,000 after purchasing an additional 1,836,020 shares during the period. Canada Pension Plan Investment Board bought a new position in Radian Group in the 4th quarter worth $9,564,000. Vest Financial LLC lifted its position in shares of Radian Group by 35.4% in the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider's stock worth $34,640,000 after purchasing an additional 285,481 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Radian Group by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider's stock worth $193,307,000 after purchasing an additional 248,423 shares during the period. Hedge funds and other institutional investors own 95.33% of the company's stock.

Radian Group Stock Up 2.4%

Shares of NYSE:RDN traded up $0.83 during midday trading on Friday, reaching $34.87. The company's stock had a trading volume of 1,147,680 shares, compared to its average volume of 1,219,513. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $32.40 and a 200-day moving average of $32.91. The firm has a market capitalization of $4.68 billion, a P/E ratio of 8.87, a PEG ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The business had revenue of $318.11 million for the quarter, compared to analysts' expectations of $326.99 million. During the same quarter in the prior year, the company earned $1.03 earnings per share. The business's revenue was down .4% compared to the same quarter last year. On average, research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group increased their price target on shares of Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $38.00 target price (up previously from $37.00) on shares of Radian Group in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $36.80.

Insider Activity at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the business's stock in a transaction 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 sale, the director now directly owns 344 shares of the company's stock, valued at approximately $11,231.60. The trade was a 92.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.01% of the stock is owned by corporate insiders.

About Radian Group

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.