South Dakota Investment Council Makes New Investment in Radian Group Inc. (NYSE:RDN)

South Dakota Investment Council acquired a new stake in Radian Group Inc. (NYSE:RDN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 24,931 shares of the insurance provider's stock, valued at approximately $712,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in shares of Radian Group in the 4th quarter valued at about $101,000. CI Investments Inc. bought a new position in shares of Radian Group in the 3rd quarter valued at about $148,000. International Assets Investment Management LLC boosted its stake in shares of Radian Group by 923.0% in the 4th quarter. International Assets Investment Management LLC now owns 5,258 shares of the insurance provider's stock valued at $150,000 after purchasing an additional 4,744 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Radian Group in the 3rd quarter valued at about $205,000. Finally, Versor Investments LP bought a new position in shares of Radian Group in the 3rd quarter valued at about $226,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Radian Group Trading Up 0.1 %

Radian Group stock traded up $0.04 during midday trading on Friday, hitting $30.35. 551,712 shares of the stock were exchanged, compared to its average volume of 1,282,024. The company has a fifty day simple moving average of $30.46 and a two-hundred day simple moving average of $28.36. Radian Group Inc. has a 52 week low of $22.93 and a 52 week high of $33.69. The stock has a market capitalization of $4.60 billion, a PE ratio of 8.03, a P/E/G ratio of 1.88 and a beta of 1.02. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.35.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The business had revenue of $328.64 million for the quarter, compared to analyst estimates of $319.04 million. During the same quarter last year, the firm earned $1.05 EPS. Radian Group's quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that Radian Group Inc. will post 3.27 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a $0.245 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.98 dividend on an annualized basis and a yield of 3.23%. This is a positive change from Radian Group's previous quarterly dividend of $0.23. Radian Group's payout ratio is presently 25.93%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $35.00 target price (down previously from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, Radian Group currently has a consensus rating of "Hold" and an average price target of $30.00.

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.