Caisse DE Depot ET Placement DU Quebec Increases Holdings in Radian Group Inc. (NYSE:RDN)

Caisse DE Depot ET Placement DU Quebec grew its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 37.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,829 shares of the insurance provider's stock after buying an additional 18,829 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Radian Group were worth $2,183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its position in shares of Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in 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. Covestor Ltd boosted its holdings in 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 during the period. Smartleaf Asset Management LLC lifted its position in Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 2,119 shares during the period. Institutional investors own 95.33% of the company's stock.

Radian Group Stock Performance

Shares of RDN stock traded up $0.28 during mid-day trading on Wednesday, reaching $33.86. 837,079 shares of the company's stock traded hands, compared to its average volume of 1,211,686. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The firm has a 50 day moving average price of $32.12 and a two-hundred day moving average price of $32.92. The firm has a market capitalization of $4.78 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a 12 month low of $23.86 and a 12 month high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating 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 company had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. During the same period in the previous year, the firm posted $1.03 EPS. Radian Group's revenue for the quarter was down .4% compared to the same quarter last year. On average, research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid a $0.255 dividend. This is an increase from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group's dividend payout ratio is currently 25.95%.

Insiders Place Their Bets

In other 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.01% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on RDN. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $38.00 price target (up previously from $37.00) on shares of Radian Group in a report on Friday, May 2nd. UBS Group lifted their target price on shares of Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $36.80.

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.