Crestline Management LP raised its stake in Radian Group Inc (NYSE:RDN) by 57.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,804 shares of the insurance provider’s stock after purchasing an additional 24,388 shares during the period. Crestline Management LP’s holdings in Radian Group were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Alyeska Investment Group L.P. acquired a new stake in Radian Group in the 3rd quarter valued at about $2,953,000. Royce & Associates LP raised its position in Radian Group by 65.9% in the 3rd quarter. Royce & Associates LP now owns 693,500 shares of the insurance provider’s stock valued at $12,962,000 after purchasing an additional 275,500 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in Radian Group in the 3rd quarter valued at about $558,000. Engineers Gate Manager LP acquired a new stake in Radian Group in the 3rd quarter valued at about $866,000. Finally, Convergence Investment Partners LLC acquired a new stake in Radian Group in the 3rd quarter valued at about $2,018,000. 91.56% of the stock is currently owned by institutional investors.

Shares of Radian Group Inc (RDN) traded up $0.07 during midday trading on Wednesday, hitting $22.51. The stock had a trading volume of 1,625,000 shares, compared to its average volume of 1,662,110. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34. Radian Group Inc has a 1-year low of $15.58 and a 1-year high of $22.66. The firm has a market cap of $4,850.00, a price-to-earnings ratio of 13.05, a PEG ratio of 2.55 and a beta of 1.54.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, October 26th. The insurance provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The business had revenue of $312.05 million for the quarter, compared to analyst estimates of $321.10 million. During the same quarter last year, the company earned $0.41 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. sell-side analysts forecast that Radian Group Inc will post 1.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Monday, November 27th were given a dividend of $0.002 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.04%. The ex-dividend date was Friday, November 24th. Radian Group’s dividend payout ratio (DPR) is presently 1.27%.

RDN has been the topic of a number of analyst reports. Deutsche Bank increased their price target on Radian Group from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. BTIG Research reaffirmed a “buy” rating and issued a $22.00 price target on shares of Radian Group in a research report on Sunday, October 29th. Compass Point raised Radian Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.75 to $24.75 in a research report on Friday, October 27th. Zacks Investment Research raised Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, October 10th. Finally, ValuEngine lowered Radian Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Radian Group currently has an average rating of “Buy” and a consensus target price of $22.53.

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Radian Group Profile

Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.

Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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